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Small businesses pay an average premium of $61 per month, or about $735 annually, for professional liability insurance. Our figures are sourced from the median cost of policies purchased by Insureon customers from leading insurance companies.
How much does professional liability insurance cost? Every business' needs are different. Many things impact how much your professional liability premium will be. We're ready to work with you to get the coverage you need at a great price. See how much you could save on professional liability insurance through GEICO today.
How Much Does Professional Liability Insurance Cost? Professional liability insurance costs an average of $61 per month, according to Insureon. Less than a third (32%) of Insureon small...
The median cost of professional liability insurance is $59 per month, according to Insureon. Professional liability insurance is business insurance that protects you if a client files a...
The cost of professional indemnity insurance is, on average, $61 per month. 32% of Insureon's small business policyholders pay less than $50 per month for their policy. Your cost is based on a few factors, including: Industry and risks. Coverage limits and deductible. Business size.
On average, business owners spend $500 to $1,000 per year, per employee on professional liability insurance, according to estimates from The Hartford, an insurance provider.
How much does Professional Liability Insurance cost? AdvisorSmith found that the average cost of Professional Liability Insurance for small businesses is $1,034 per year. This average is based upon small businesses with under $500,000 in revenue, with limits of $1 million.
What is professional liability insurance? Professional liability insurance protects businesses that provide professional advice and services against claims of negligence or substandard work. It's also known as errors and omissions (E&O) insurance.
Quote Today. How Much Does Professional Liability Insurance Cost? If you’re wondering how much professional liability insurance costs, there isn’t one set amount. With The Hartford, small businesses typically pay about $76 a month for a standalone professional liability insurance policy.**
Introduction. What is Professional Indemnity Insurance? Coverage and Benefits of Professional Indemnity Insurance. Factors Affecting the Cost of Professional Indemnity Insurance. Determining the Coverage Limit. How to Get Professional Indemnity Insurance. Comparing Quotes from Insurance Providers. Frequently Asked Questions (FAQs) Conclusion.