Professional Liability Insurance
Coverage for business mistakes that result in damages, legal costs, and negligence claims.
Insuring over 1 million small business owners worldwide.
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Professional Liability
Coverage for When Things Go Wrong
Professional liability (PL) is designed to provide coverage if your client claims that your professional services resulted in damages. Sometimes referred to as errors & omission (E&O) insurance, professional liability covers a variety of claims that typically involve human error.
Negligence or alleged negligence
Professional liability coverage can cover the legal costs and any payouts that may arise if a client claims you made a mistake or provided poor or unsatisfactory service due to a lack of proper care.
Libel or slander
If an advertisement, social post, or other statement from your business causes a financial loss for someone, such as a competitor, you could be sued. Professional liability can help cover any damages and legal costs.
Employees representing your business
Your professional liability coverage can extend to cover claims stemming from the errors or negligence of employees or independent contractors you hire.
Legal defense costs
Even if you’ve done nothing wrong, a client could still sue you. Your professional liability insurance could help cover the legal costs to defend yourself.
How Much Does Professional Liability Insurance Cost?
Get a quick estimate in just 3 steps. Prices as low as $25.83/mo.*
What Some Customers are Paying for Professional Liability2
Virginia
Business Consultant
- $100,000 annual revenue
- 5+ years in business as an LLC
- Quotes provided on 3/21/2025
$27.00/month
Texas
IT Consultant
- $120,000 annual revenue
- 10+ years in business as an LLC
- Quotes provided on 5/1/2025
$49.50/month
California
Beautician
- $85,000 annual revenue
- 1-2 years in business as an LLC
- Quotes provided on 2/6/2025
$53.17/month
2These examples are real insurance quotes generated on the dates above. They are for illustration purposes only. Your coverage options and pricing may differ based on the information you provide us about your particular business, the state you operate in, the number of employees, and other factors.
Do I Need Professional Liability Insurance?
We recommend professional liability for just about any small business that provides professional services or advice. We can help find professional liability coverage for many different kinds of businesses, including these:
Answers To More Professional Liability Questions
What determines the cost of professional liability insurance?
The cost of professional liability coverage depends on a variety of factors, such as the type of work you do, your professional experience, and the amount of coverage you choose.
Some other factors can include where your small business is located and your claims history.
We can help find professional liability insurance quotes for your business in just 10 minutes right here.
Is professional liability insurance the same as malpractice insurance?
No. Professional liability typically covers claims of mistakes or errors related to your business practices. Malpractice insurance is generally for healthcare professionals and covers claims of physical or mental harm to a patient.
What does professional liability insurance cover?
Typically covered:
- Negligence or alleged negligence
- Legal defense costs
- Claims involving libel and/or slander
- Claims and damages
Typically not covered:
- Bodily injury to a third party
- Cost of damaged equipment
- Medical costs of injuries to third parties
- Intentional mistakes or negligence
Why work with Simply Business?
We provide customized coverage options and quotes from top-rated small business insurers – all in just 10 minutes. More than 1 million small business owners worldwide trust us with their insurance, and we consistently earn high customer ratings and reviews.
We have more professional liability FAQs here.
Professional Liability
A one-minute explanation
Find out what professional liability covers, why you might need it, and how we can help – all in just 60 seconds.
Feel confident about your choice
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More Helpful Information About Professional Liability Insurance
*Displayed price is an estimate based on the 10th percentile of Professional Liability policies sold by Simply Business between January – June 2025, divided evenly across a 12 month policy term. Actual price and payment terms, including an initial down payment, may vary based on your state, insurance provider, and business.