Insurance Claims Resources 1-888-806-9598 , call us Log In Pay Bill Professional Liability Insurance Liability protection for advice and services Zip Code Select a product Currently selected product Professional Liability  Retrieve a quote Find an agent BUSINESS INSURANCE BUSINESS OWNERS POLICY GENERAL LIABILITY CONTRACTORS What is professional liability insurance? Professional liability insurance is coverage that protects business professionals such as attorneys, consultants and accountants from claims of negligence or misconduct related to the services they provide. It’s often referred to as errors and omissions (E&O) insurance. Experts in a specific field typically require professional liability coverage because their services can lead to mistakes that can cause financial or indirect loss for their clients. These types of incidents are typically excluded from other business insurance coverages. What does professional liability insurance cover? Professional liability insurance covers claims of actual or alleged negligence that arise from providing professional services, like giving incorrect advice, an omission, or failing to deliver a service. This coverage includes damages and defense costs up to your policy limits, regardless of whether a mistake was made. For example, a client claims an accountant filed their taxes incorrectly and caused them to lose a lot of money. The accountant’s professional liability insurance could help cover the legal and settlement costs. Many professional liability policies are written on a claims-made basis, which means that coverage is only afforded to claims filed during the policy period. A retroactive date may be added to cover incidents that occur before a policy’s coverage begins. Professional liability insurance coverage can protect against claims that arise from services provided in the past and for work performed anywhere in the world. It’s important to understand that professional liability won’t cover claims related to injury to others or damage to their property. General liability provides this type of protection. Learn the difference between general and professional liability coverage. Who needs professional liability insurance? Any business that sells a professional service or gives advice should consider professional liability insurance to protect against lawsuits that arise from their mistakes. Some states legally require that certain professionals, such as lawyers, have it before they can do business. Clients might also require that a business carry a certain amount of professional liability as part of their business contracts. A variety of business professionals need professional liability insurance including: Consultants Attorneys Engineers Architects Real estate agents Insurance agents Accountants Home Inspectors What does professional liability insurance cost? In 2020, the national average cost for professional liability insurance through the Progressive Advantage® Business Program was $46 per month. While this information helps estimate costs, it’s not customized to your unique situation. Learn which attributes of your business impact the cost of professional liability insurance and discover ways to reduce your premium. Start a professional liability insurance quote The quickest way to get professional liability insurance is to start an online quote. You can call us to speak directly with one of our knowledgeable agents. They’ll help you identify which professional liability limits best match your small business and personalize a policy that meets both your needs and budget. Common questions Is errors and omissions insurance the same as professional liability? Yes, there’s no difference between errors and omissions insurance (E&O insurance) and professional liability insurance; the two terms are often used interchangeably. Will professional liability cover me even if the lawsuit is baseless? Yes. Regardless of whether a claim against you is determined to be frivolous or not, your professional liability coverage would defend against a lawsuit claiming your professional neglect. What’s the difference between professional liability and general liability coverages? General liability coverage only protects against “third-party” damages for which you’re responsible (i.e. bodily injury to others or damage to their property ). Professional liability protects you from claims of neglect or professional errors. Can Progressive help me get professional liability insurance in my state? Yes. Progressive can help you get business insurance, including professional liability, in all states except Hawaii. Browse by state. More information Professional liability cost General liability vs professional liability Errors and omissions insurance What is the difference between claims-made & occurrence forms of coverage? 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