Protect Career Today Professional Liability Insurance Secrets
Cost and Coverage Considerations
The cost of professional liability insurance varies based on several factors, including your industry, the size of your business, and your claims history. On average, small businesses can expect to pay between $500 and $1,000 annually for coverage, although prices can vary significantly2. It's essential to compare policies from different providers to ensure you're getting comprehensive coverage at a competitive rate. Many insurers offer discounts for bundling policies or for businesses with a clean claims history, making it worthwhile to see these options.