Errors and Omissions Insurance Cost 2026

★ 5-Star Google Reviews ✓ 20+ A-Rated Carriers ✓ Licensed in 40+ States ✓ No Agency Fees, Ever

Quick Answer: Errors and omissions insurance costs a typical small business about $76 to $88 per month, roughly $900 to $1,050 a year. Annual premiums generally range from about $400 to over $7,000 depending on profession, revenue and limits. Engineers and architects sit at the high end, around $144 to $239 a month, while bookkeepers and notaries commonly pay closer to $41 a month.

Errors and omissions insurance, also called professional liability, covers claims that your professional advice or work caused a client financial harm. A general liability policy will not respond to that. E&O is what does.

Pricing varies more by profession than almost any other commercial line, because the size of a typical claim varies so much between, say, a notary and a structural engineer.

Want your actual E&O number?

Tell us your profession, revenue and the limits your contracts require. We will market it across 20+ A-rated carriers. No agency fees, ever.

Get My Free Quote

E&O insurance cost by profession

Published average monthly premiums from two independent sources. Where they differ, both are shown, because the spread itself tells you how much carrier appetite varies.

Profession	Average monthly	Roughly per year
Architects and engineers	$144 to $239	$1,730 to $2,870
Technology companies	$146	About $1,750
Insurance agents	$92	About $1,100
Accountants	$73	About $880
Consultants	$63	About $760
Bookkeepers	$42	About $500
Notaries public	$41	About $490
Healthcare professionals	$38	About $460

Averages and ranges only, drawn from published carrier and broker data. Your premium depends on revenue, limits, deductible, claims history, state and profession.

What a typical small business pays

Across all professions, the typical small business pays about $88 a month according to Insureon, and The Hartford reports customers paying a minimum of about $76 a month for standalone coverage. Both land in the same neighbourhood, roughly $900 to $1,050 a year.

43 percent of Insureon customers pay under $75 a month
28 percent pay between $75 and $150 a month
The full annual range runs from about $400 to over $7,000
The average deductible is $2,500

If you are being quoted well outside that range for a low-hazard profession, it is usually a limits, revenue or claims-history issue, and it is worth remarketing.

The seven factors that set your premium

1. Profession

The single biggest driver. Carriers price on how large and how frequent claims tend to be in your field.

2. Revenue

Higher revenue means larger contracts and larger potential claims. Most carriers rate directly on it.

3. Coverage limits

Higher per-claim and aggregate limits raise premium. Contracts often dictate the minimum you must carry.

4. Deductible

The average is $2,500. Raising it lowers premium, which is worth modelling if your claim frequency is low.

5. Claims history

Prior E&O claims raise premium sharply. A clean record is one of the strongest levers you have.

6. Employee count

More professionals doing billable work means more exposure.

7. State

Insureon reports New York at about $97 and Virginia at $99 a month against North Carolina at $78.

How to lower an E&O premium

Raise the deductible. Most effective lever if your claim frequency is low.
Carry only the limits your contracts require. Many businesses buy above their contractual obligation without realising it.
Use written contracts and scope documents. Carriers credit businesses that define deliverables clearly, because ambiguity is where E&O claims start.
Bundle with your other coverage. E&O placed alongside general liability and a business owners policy usually prices better than standalone.
Remarket every renewal. Professional liability appetite shifts constantly, and last year's best market is often not this year's.

See what your E&O should actually cost

We market professional liability across 20+ A-rated carriers and tell you honestly when your current policy is already the right answer.

Get My Free Quote

What Our Clients Say

Related coverage

Is E&O the same as professional liability?

Effectively yes. The terms are used interchangeably, though E&O is more common in insurance, real estate and financial services, and professional liability in design and consulting.

What E&O does not cover

Bodily injury and property damage belong on general liability. Employee claims belong on EPLI. Data breaches belong on cyber liability.

Directors and officers

If your exposure is board or management decisions rather than professional services, you are looking for D&O instead.

The E&O service page

Coverage detail, who needs it and how claims work: errors and omissions insurance.

E&O Insurance Cost FAQ

How much does errors and omissions insurance cost?

A typical small business pays about $76 to $88 per month, or roughly $900 to $1,050 a year. Annual premiums range from about $400 to over $7,000 depending on profession, revenue and the limits you carry. Engineers and technology firms sit at the high end, bookkeepers and notaries at the low end.

How much is E&O insurance for insurance agents?

Insurance agents pay an average of about $92 per month, roughly $1,100 a year, according to published Insureon data. Agencies with higher revenue, larger books or prior claims will price above that.

Why is my E&O quote so much higher than average?

Usually one of three things: the limits your contracts require are higher than the market average, your revenue puts you in a larger rating band, or there is claims history on file. All three are worth remarketing across multiple carriers, because appetite for professional liability varies widely between markets.

How much E&O coverage do I need?

Start with what your client contracts require, since that is often the binding constraint. Beyond that, size the limit to the largest financial harm a mistake on your part could plausibly cause a client, which is usually tied to your project or contract values rather than your revenue.

Get Your E&O Marketed Properly

Professional liability appetite shifts constantly. We market it across 20+ A-rated carriers and re-market at every renewal. No agency fees, ever.

Get My Quote Call 833-776-4671

Call 833-776-4671 for a fast, no-obligation commercial quote.

Reviewed by Neal Fusco

VP, Commercial Lines · Pro Insurance Group. Neal places professional liability and commercial coverage for businesses across Illinois and 40-plus states.

Sources: Typical small business cost, customer payment distribution, cost by profession, deductible average and state comparison, Insureon. · Average minimum monthly premiums by product line, The Hartford. Verified July 2026.

Errors and Omissions Insurance Cost in 2026