Professional liability insurance cost in 2026
Professional liability insurance costs $400 to $7,000 per year in 2026, and most people pay about $1,051.
What moves the price
- The industry and its risk is the biggest factor.
- Higher policy limits and lower deductibles raise the premium.
- The state where the business sits changes the rate.
- More employees and higher income usually mean a higher price.
- Past claims and a short time in business raise the cost.
- Where you live. Prices in big cities usually run higher than in small towns.
What is included
The premium usually covers claims about mistakes, missed work or bad advice, plus legal defense. Most buyers pick $1 million limits. Extra cover for specific clients or projects may cost more.
Average cost by profession (per month)
| Profession | Average per month |
|---|---|
| Photographers and accountants | $42 |
| Building designers (architects, engineers) | $144 |
| Misc. professional liability, The Hartford | $62 |
| Technology errors and omissions, The Hartford | $146 |
| Architects and engineers, The Hartford | $239 |
Average prices in US dollars. Source: Insureon.
Median cost by industry (per year, NerdWallet with Coverdash data)
| Industry | Per year |
|---|---|
| Beauty and hair salons | $800 |
| Personal fitness training | $900 |
| Marketing consulting | $1,500 |
| Business and management consulting | $1,800 |
| Financial management consulting | $2,800 |
Average prices in US dollars. Source: Insureon.
Ways to pay less
- Compare quotes from several insurers.
- Pick a higher deductible to lower the premium, if the business can afford it.
- Keep a clean claims record, since past claims raise prices.
What price guides say
We checked 4 price guides and read every number on their pages. They do not all measure the same thing, so the ranges on this page come from putting them side by side.
- Insureon: Professional liability insurance cost (updated Mar 24, 2026)
- NerdWallet: Professional liability insurance cost (updated Feb 20, 2026)
- Hiscox: Professional liability insurance
- The Hartford: Professional liability insurance cost
Common questions
How much does this cost in 2026?
Professional liability insurance costs $400 to $7,000 per year in 2026, and most people pay about $1,051. Most people pay about $1,051 per year. The low end is $400 and the high end is $7,000.
What changes the price the most?
The biggest factors are: The industry and its risk is the biggest factor; Higher policy limits and lower deductibles raise the premium; The state where the business sits changes the rate.
How can I pay less?
Compare quotes from several insurers. Pick a higher deductible to lower the premium, if the business can afford it. Keep a clean claims record, since past claims raise prices.
Where do these numbers come from?
From 4 named price guides: Insureon, NerdWallet, Hiscox, The Hartford. Each one is linked on this page with the date we read it.
Related costs
Compare prices
Related jobs people check next, with the usual 2026 price.
| Job | Usual price |
|---|---|
| General liability insurance cost | $45 to $123 |
| Restaurant insurance cost | $25 to $333 |
| A professional organizer cost | $50 to $2,000 |
| Commercial auto insurance cost | $203 to $276 |