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Professional Liability Insurance Cost Guide

How much does Professional Liability Insurance cost? Average premiums by business size, industry, and state — plus the key factors that drive your rate up or d…

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Professional Liability Insurance Insurance: Average Premiums & Pricing Factors

Comprehensive FAQ, cost guide, and claims examples for professional liability insurance — E&O coverage for consultants and service providers.

What You Need to Know

Professional liability insurance (E&O) covers claims of negligence, errors, and omissions in professional services provided to clients.

Professional Liability Insurance Cost by Business Size

Business SizeAnnual RevenueTypical PremiumNotes
Individual ConsultantUnder $100K$500–$2,000/yrBasic E&O coverage.
Large Firm$5M+$10,000–$50,000/yrHigh-limit coverage for multiple professionals.

What Determines Your Premium?

  • Profession (High impact) — Medical professionals and architects pay more than consultants.
  • Revenue (Medium impact) — Higher revenue means more clients and greater exposure.

Related Resources

  • Professional Liability Insurance Coverage
  • Professional Liability Insurance FAQ
  • Insurance Resources