Last updated: March 2026
How Much Does Professional Liability Insurance (E&O) Cost?
Cost Breakdown by Type
| Type / Procedure | Without Insurance | With Insurance |
|---|---|---|
| Consultants/IT Professionals (monthly) | $0 – $0 | $50 – $150 |
| Healthcare Professionals (monthly) | $0 – $0 | $100 – $300 |
| Lawyers/Accountants (monthly) | $0 – $0 | $75 – $250 |
| Real Estate Agents (monthly) | $0 – $0 | $50 – $100 |
What Affects the Cost
- Your age, location, and health status
- Coverage level and deductible chosen
- Provider or carrier
- Claims history
- Credit score (for some insurance types)
- Discounts available (bundling, loyalty, safe driver, etc.)
Insurance Coverage
Typical coverage: Professional liability (errors and omissions) insurance protects professionals from claims of negligence, mistakes, or failure to perform services.
Insurance costs vary widely based on coverage level, location, age, and claims history. Shopping around and comparing quotes is the single most effective way to save money on insurance premiums.
How to Save Money
- Compare quotes from at least 3-5 providers
- Bundle policies (home + auto) for 10-25% discounts
- Choose higher deductibles for lower monthly premiums
- Ask about all available discounts
- Review coverage annually during open enrollment
- Consider employer-sponsored plans which subsidize 50-80% of premiums
Related Procedures & Costs
Frequently Asked Questions
Professional liability insurance costs $50 to $300 per month depending on profession, revenue, and claims history. IT consultants average $60 to $150 monthly.
Any professional who provides services or advice, including consultants, IT professionals, accountants, lawyers, doctors, architects, and real estate agents.
General liability covers physical injuries and property damage. Professional liability covers financial losses from errors, omissions, or negligence in professional services.