For example, the professional liabilities of certain consultants tend to be far more costly than those made by a hair stylist. As a result, the premiums are usually higher for more risky professions. Using Thimble data, the average monthly professional liability insurance premiums are as follows:
Location
The location of your business can impact professional liability insurance costs. Some states may mandate higher coverage limits in order to maintain a professional license, which would increase the overall cost.
Crew
The size of your business can impact insurance costs in two ways. More employees typically translates into higher premiums. The more staff you have, the more employees that need to be covered for providing their expert services or advice.
Coverage Limits
How much coverage you want impacts how much professional liability insurance costs. With Thimble, you can select a liability coverage limit of either $1 million or $2 million. And although it’s double the coverage, the premium on a $2 million coverage limit is typically only incrementally higher.
Industry
Some professions inherently come with more risk, such as lawyers and people in the medical field. The increased risk of these professions is reflected in the premium.
Professional Liability Cost FAQs
Can I purchase professional liability insurance and general liability insurance together?
While this depends on the insurance carrier, there are some who bundle the two types of coverage together.
At Thimble, our goal is to simplify business insurance. So, if your profession needs professional liability coverage and general liability coverage, we’ve included both in a simple bundle. For example, the median cost of Photographer Insurance (a bundle of professional and general liability insurance) is $57 a month! Together these “interlocking coverages” work together to account for the most common risks inherent in any small business.
How do I get a quote for professional liability insurance?
With Thimble you can get a quote in less than 60 seconds. Just answer a few quick questions: your ZIP code, industry, claim history, and coverage limit and length. Currently all professional liability coverages that Thimble offers come bundled with general liability.
How do I file a professional liability claim?
If you need to file a claim, please follow the contact instructions listed on your policy. Read more here.
People like you like Thimble.
We are trusted by over 40,000 small businesses. (And thanks. We like us too)
4.4/5 stars from 2054 reviews
Fast & Easy
This is fast and easy and works great for me! I am a one man freelance landscaper and this gives me the ability to purchase insurance directly from my phone anytime and anywhere I need it.
Super easy to use! Though of everything
This app is beautiful and super easy to use! It’s super easy to get insurance for the weddings I shoot where the venues require insurance. I can just buy it on the app with 3 clicks and I’m done.
Awesome Product
I love this idea ????!! I needed to have proof of liability to present my proposal; got it on the spot. I didn't win the bid but I didn't get stuck with costly insurance, either!!
Best insurance solution for small businesses.
I love the convenience of this insurance app, its the best thing since sliced bread????????
So Easy!!! I LOVE IT
It was so easy, quick, and simple. The PDF package I received contained everything I needed. This was the best experience I've ever had obtaining insurance...thank you!!!
Great Rate!
I was very impressed with your monthly rate on general liability coverage! Much less than 1/12 of everyone else's annual rate.
Fast & Easy
This is fast and easy and works great for me! I am a one man freelance landscaper and this gives me the ability to purchase insurance directly from my phone anytime and anywhere I need it.
Super easy to use! Though of everything
This app is beautiful and super easy to use! It’s super easy to get insurance for the weddings I shoot where the venues require insurance. I can just buy it on the app with 3 clicks and I’m done.
Awesome Product
I love this idea ????!! I needed to have proof of liability to present my proposal; got it on the spot. I didn't win the bid but I didn't get stuck with costly insurance, either!!
Best insurance solution for small businesses.
I love the convenience of this insurance app, its the best thing since sliced bread????????
So Easy!!! I LOVE IT
It was so easy, quick, and simple. The PDF package I received contained everything I needed. This was the best experience I've ever had obtaining insurance...thank you!!!
Great Rate!
I was very impressed with your monthly rate on general liability coverage! Much less than 1/12 of everyone else's annual rate.
