Next Insurance

Professional Liability Insurance Calculator

See what businesses like yours can expect to pay for coverage

Use this tool to get a basic estimate of how much you might pay for your professional liability insurance costs. If our estimate is in your price range, you can get a detailed instant quote tailored to your business operations.

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Coverage starting at

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This is the minimum cost of professional liability coverage for your business type and location. To determine eligibility and a final price, start a detailed quote.
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How to use our Professional Liability calculator

Our professional liability insurance estimate is based on our own database and AI-driven underwriting technology.

How to use our calculator:

  1. Enter your location — Use the drop-down menu to select the state where you do conduct business the most.
  2. Select the type of work you do — Select the closest match to what your business does from the industries listed in the second drop-down menu.

After entering this information, you should see an estimate of your monthly professional liability insurance costs based on what other similar businesses in your area pay.

To get a quote tailored to your specific business operations, click the “Start Detailed Quote” button. 

To customize your quote, we’ll need a few more details about your business, including:

  • Number of employees
  • Your business name and location
  • The type of work you do
  • Your expected revenue

When you’re finished, you’ll see a detailed description of your professional liability insurance quote with policy limits. And you can instantly purchase coverage.

We’ll also provide recommendations for other types of coverage that could be a good fit for your business, such as general liability or workers’ compensation insurance.

What businesses typically pay for Professional Liability insurance

Professional liability can cost as little as $18.34 for some low-risk businesses. About 52% of NEXT customers pay between $25 or less to $45 monthly.**

Multiple factors determine how much you’ll actually pay for professional liability insurance, including:

  • How high you set your limits — Generally, if you want more coverage, you’ll pay a higher premium.
  • Your business operations — Low-risk businesses typically have lower costs because they’re less likely to have a serious insurance claim. However, higher-risk jobs, such as construction contractors, usually pay higher premiums because there is more potential for an injury or property damage.
  • Your insurance claims history — Your claims history has an impact on your insurance fees.

Learn more about professional liability insurance costs.

How NEXT can help your business

NEXT’s strives to make getting small business insurance as simple and painless as possible with fast, affordable and tailored coverage.

Our process is 100% online, so you can get the coverage you need in one quick visit.

You can complete our application, see policy options, buy coverage and get your live certificate of insurance in less than 10 minutes.

Get your free instant quote today.

There’s a lot to love about NEXT

Business insurance in less than 10 minutes

Get insurance in less than 10 minutes and you can save up to 25% in discounts*

Tailored business insurance

Unique, flexible coverage with easy monthly payments

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Do it all 100% online or talk to a licensed U.S.-based advisor

Let’s find the coverage you need for your business

Business insurance is divided into different policies. We offer seven types so it's easy to design the coverage that fits your business.

General Liability insurance
General Liability

Protect yourself from accidents that cause physical injury or damaged property.

Professional Liability or Error and Omissions Insurance
Professional Liability/E&O

Shield yourself from lawsuits that claim your work errors caused financial losses.

Workers' Compensation Insurance
Workers’ Compensation

Cover medical bills and lost wages if your employees have an accident at work.

Commercial Auto Insurance
Commercial Auto

Stay on the road with coverage for dents, tows and damage to someone else’s vehicle.

Tools & Equipment Insurance
Tools & Equipment

Upgrade your general liability coverage to protect any gear that’s stolen, damaged or lost.

Commercial Property Insurance
Commercial Property

Keep your building, inventory and equipment protected from fire or water damage.

Business Owner’s Policy Insurance
Business Owner’s Policy

Combine general liability and commercial property into one policy to protect your business.

Take a look at some helpful blog posts
Errors and Omissions vs. Professional Liability vs. Malpractice: What's the Difference Anyway?
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Errors and Omissions vs. Professional Liability vs. Malpractice: What's the Difference Anyway?

General liability vs. professional liability: What's the difference?
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General liability vs. professional liability: What's the difference?

Who Needs Professional Liability Insurance?
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Who Needs Professional Liability Insurance?

* To the extent permitted by law, applicants are individually underwritten, not all applicants may qualify. Individual rates and savings vary and are subject to change. Discounts and savings are available where state laws and regulations allow, and may vary by state. Certain discounts apply to specific coverages only.
** The cost data presented here are based on NEXT active customers in the U.S. who purchased general liability insurance over the previous 12 months. These data should not be considered a substitute for obtaining a quote specific to your business. These data were updated in November 2022.
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© 2022 Next Insurance, Inc. 975 California Ave, Palo Alto, CA 94304, United States
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Issuance of coverage is subject to underwriting. Not available in all states. Please see the policy for full terms, conditions and exclusions. Coverage examples are for illustrative purposes only. Your policy documents govern, terms and exclusions apply. Coverage is dependent on actual facts and circumstances giving rise to a claim. Next Insurance, Inc. and/or its affiliates is an insurance agency licensed to sell certain insurance products and may receive compensation from insurance companies for such sales. Policy obligations are the sole responsibility of the issuing insurance company. Refer to Legal Notices section for additional information.