Also known as errors and omissions (E&O) insurance, professional liability protects you when a client claims your work caused them harm.

What It Covers

  • Negligence claims
  • Misrepresentation
  • Incorrect advice that caused financial loss
  • Copyright infringement
  • Defamation

Who Needs It?

Any freelancer who provides:

  • Consulting services
  • Design or creative work
  • Writing or editing
  • Marketing services
  • Coaching or training
  • IT services

Costs

Professional liability insurance typically costs $500-$2,000 per year depending on:

  • Your profession
  • Coverage limits
  • Deductibles
  • Claims history

Where to Get Coverage

  • Hiscox: Specialized in small business
  • Next Insurance: Digital-first, quick quotes
  • State Farm: Bundling options
  • AXA XL: Higher coverage needs

Tips

  • Compare at least 3 quotes
  • Understand coverage limits vs. deductibles
  • Check if clients require specific coverage
  • Bundle with other insurance for discounts

FTC Affiliate Disclosure

This page contains affiliate links. If you click on a link and make a purchase, we may earn a commission at no additional cost to you. NUOBILINS only recommends products and services we believe provide value to freelancers.

Questions? Contact us at support@nuobilins.com