Professional Liability Insurance

For companies in the business of providing advice, here’s some for you: get insurance to protect yourself.

You’re in business. Mistakes and misunderstandings happen.

But what if you’re in the business of providing expert services and advice to clients?

Professionals like lawyers, accountants, investment advisors, and real estate agents offer clients their professional and informed opinion on on a variety of matters. But even in the most well-meaning instances, if something doesn’t go as expected a client can still accuse you or your firm of misrepresentation or negligence.

If that happens, your business can rely on professional liability insurance for cover. Professional liability helps you with the costs accrued from client claims, and the policy will cover legal costs and damages—whether or not your business is actually at fault. This means you are ensuring yourself and your business are safe in the event of real—or perceived—mistakes.

By the numbers…

Businesses facing legal action can pay between $10,000 and $100,000 in damages and legal fees, even if they win the case or aren’t found at fault.

Through this lens, professional liability insurance offers coverage between $25,000 and $1 million. Typically this will cost your business between $400 and $1,000 a year, with prices varying depending on your specific business type.

What can professional liability cover for you?



Some action or inaction that caused a person or company harm


Fair Dealing

Violations of copyright or intellectual property rights



Some piece of information given to a client is false


Inaccurate Advice

Giving incorrect or false advice to a client


Violation of Good Faith

Failing to be fair, open, and honest in an interaction

Looking for coverage?