Errors and Omissions Insurance Cost
Pick a business type to see the published median, then type a quote to compare it.
How to use the Errors and Omissions Insurance Cost
- Find the row of the published table that fits your business type, such as All small businesses, Building designers (architects, engineers), or Photographers and accountants.
- If you have a quote, enter it and pick “per month” or “per year” as its unit. You can skip this step.
- Check the published figure per month and per year for your chosen row. Only the All small businesses row publishes both; for the other rows the yearly figure is the monthly one times 12, marked with an asterisk.
- Look at the “What the figure covers” line, which shows the limits only when the source states them for that row.
- Compare your quote with the published figure to see how far it sits above or below.
- Open “More options” if you want to add annual revenue and employees. Both fields are optional.
- The share of revenue and the amount per employee appear only after you type those numbers. A separate line shows your quote as a share of revenue.
- Treat the whole result as an estimate only, and get quotes from a licensed insurer or agent.
Entering your own numbers leaves the published figures untouched. Your quote and the optional fields are the only inputs that alter the comparison outputs, so you can review one row at a time before moving on to another.
What does errors and omissions insurance cost mean?
This page covers professional liability, also called errors and omissions, insurance. On this page, the cost means the published figure for that coverage, shown per month and per year. Insureon describes its figures as averages based on medians, and the tool labels them published medians. A median is the middle value in a set of numbers.
How are the published figures calculated?
The figures come from Insureon’s professional liability cost page, updated 24 March 2026. They are medians for Insureon’s small-business customers, based on data from 100,000 owners. Most of those owners have fewer than five employees, revenue from about $50,000 to over $200,000, and five years or less in business.
What do the limits like $1M / $1M mean?
A label such as $1M / $1M is a pair of limit amounts, and the page shows limits only when the source states them. Insureon’s professional liability page (updated 24 March 2026) reports that $1M / $1M is the most common choice, selected by 56% of customers. It also reports that 11% of customers choose $2M / $2M, and that therapists, counselors and some healthcare professionals often buy $1M / $3M. These describe what customers chose, not advice.
What is the typical range of annual premiums?
Insureon’s professional liability page (updated 24 March 2026) states an annual range of around $400 to over $7,000. It also states that 43% of its customers pay under $75 a month and 28% pay $75 to $150 a month. Those percentages describe the source’s customers, not your business.
Why is a sum of separate figures not a bundle price?
Some businesses buy professional liability together with other coverage. Adding the published medians for each type does not give the price of that bundle. This page does not add figures together. Each published figure stands alone, and the tool compares a quote with one row at a time.
How is my quote compared with a published figure?
The page converts your quote to the same unit as the published figure before comparing. A monthly quote is multiplied by 12 to give an annual amount, and an annual quote is divided by 12 to give a monthly amount. The tool then shows the difference as a percentage above or below the published figure.
What do share of revenue and amount per employee show?
Share of revenue is the published yearly figure divided by your annual revenue, shown as a percentage, and a separate line divides your annual quote by the revenue. Amount per employee is the published yearly figure divided by the number of employees. These outputs are simple arithmetic on the numbers you type, and the page makes no judgment about them.
Why can my result differ from a published figure?
A published median reflects one group of small businesses, and a quote can differ from it. The source also states an average deductible of $2,500, which is not an input in this tool, so a quote with a different deductible is not comparable one to one.
Sources (checked 15 October 2026): insureon.com
Worked examples
| Input | Result |
|---|---|
| All small businesses | All small businesses: $88 a month, $1,051 a year (published median) |
| All small businesses, quote $110 per month | Your quote of $110 a month ($1,320 a year) is 25.6% above the published median of $88 a month. |
| Building designers (architects, engineers), revenue $120,000 | Building designers (architects, engineers): $144 a month (published median), about $1,728 a year (12 x the monthly figure) |
| All small businesses, revenue $150,000 | All small businesses: $88 a month, $1,051 a year (published median) |
Calculated by the tool above; open it with the same values to see each step.
Frequently asked questions
Is the result on this page a quote?
No. The result is an estimate built from published medians and the numbers you type. The result is an estimate only; get quotes from a licensed insurer or agent.
What is the difference between “per month” and “per year”?
Both show the same premium in different units. To convert a monthly amount to a yearly one, multiply it by 12. The page applies this conversion for you when you compare a quote.
Which row should I choose for my business type?
Pick the row in the published table that matches your business type. The All small businesses row covers the source’s full customer group.
Does this tool store or upload my numbers?
No. Everything is calculated in your browser, and nothing you type is uploaded. The page does not ask for contact details.
Where do the published figures come from?
They come from Insureon’s professional liability cost page, updated 24 March 2026. The page reports medians and ranges from that source and adds no estimate of its own.
Is professional liability insurance cost the same as errors and omissions insurance cost?
The tool treats the two terms as the same search. Both use the figures from Insureon’s professional liability cost page (updated 24 March 2026).
Can I get a quote from this page?
No. The page does not give quotes, refer you to insurers, or pass your details to anyone. Quotes come from a licensed insurer or agent.
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