Andrew Troi
I have had an incredible experience with Harrison Insurance and Jennifer in particular. She is true professional and handles all questions and concerns in a timely and kind manner. I’m so glad I switched my auto and renters policy to Erie and Harrison insurance.
Andrew Troi
2024-04-06
Kayla Courtois
Fantastic customer service! Very knowledgeable, patient, and friendly. We were a new business starting up with absolutely NO clue what to do. Fred made the process very simple and got us the coverage we needed in a field that is hard to get coverage in!
Kayla Courtois
2024-03-22
Thomas Sweeney
Used Fred for my executor bond, he worked with me over the phone as I was out of town to fill out the paperwork. The prices were much cheaper than anywhere else I found.
Thomas Sweeney
2022-12-27
bryan acheson
Fred and team at Harrison Insurance are awesome. I requested a review of my insurance coverage for my business and found that I was grossly under covered. Fred explained where I was needing additional coverage and why it was important. Needless to say, I'm now a client. Fred truly cares for his clients. I think my premiums basically stayed the same, for additional coverage I might add, but I would have been willing to pay more just for the service and knowing I was being taken care of. I highly recommend Fred for your business.
bryan acheson
2022-03-04
Kayla Furrow
Harrison Insurance is a great company to work with! I worked with Fred and the personal touch he adds makes you feel like you’re truly being taken care of, like you’re a part of the family. Fred never settles for the bare minimum, and if he sees something lacking in your insurance policy, he will tell you what he can do to fix it and what kind of options you have to make sure you’re covered in every area possible. Harrison Insurance is a small town agency, but their impact is huge. If you’ve got any kind of insurance, it is always worth giving Harrison a call and seeing where you can improve your coverage while lowering your rates. You definitely won’t regret touching base with them!
Kayla Furrow
2022-01-11
Wes Tatum
Highly recommend this company. Fred Zehrer was my agent and he provided top notch service. The process was simple and Fred saved me over $600 a year on my business vehicle insurance. I can't say enough good things about Fred and Harrison Insurance. If you want peace of mind and fair prices, this is where you need to be.
Wes Tatum
2016-09-07

How Much is Professional Liability Insurance?

group of business owners looking at building

How Much is Professional Liability Insurance?

Professional liability insurance, also known as errors and omissions insurance, is a type of insurance that protects professionals from claims of negligence or mistakes made while performing their job. This type of insurance is essential for professionals in various industries, including healthcare, law, and social work. However, many professionals may wonder, “How much is professional liability insurance?” In this article, we will explore the factors that affect the cost of professional liability insurance and provide some tips for finding the best coverage for your needs.

Factors Affecting the Cost of Professional Liability Insurance

Insurance Coverage Form
Insurance Coverage Form

The cost of professional liability insurance can vary greatly depending on several factors. These factors include the type of profession, the size of the business, the location, and the coverage limits. For example, a veterinarian may pay a different rate for professional liability insurance than a social worker. Additionally, a larger business with more employees may have a higher premium than a smaller business with fewer employees. The location of the business can also affect the cost, as some states have higher insurance rates than others. Lastly, the coverage limits, or the maximum amount the insurance company will pay out in the event of a claim, can also impact the the insurance.

Average Cost of Professional Liability Insurance

According to a study by Insureon, the average cost of professional liability insurance for small businesses is $59 per month, or $708 per year. However, this cost can vary greatly depending on the factors mentioned above. For example, a veterinarian may pay an average of $1,500 per year for professional liability insurance, while a social worker may pay an average of $500 per year.

Tips for Finding Affordable Professional Liability Insurance

If you are a professional in need of liability insurance, there are a few tips you can follow to find the most affordable coverage for your needs.

Shop Around

Just like with any type of insurance, it is important to shop around and compare quotes from different insurance companies. This will allow you to find the best coverage at the most affordable price.

Consider a Package Policy

Some insurance companies offer package policies that combine multiple types of insurance, such as professional liability and general liability insurance. These package policies can often be more affordable than purchasing each type of insurance separately.

Increase Your Deductible

A deductible is the amount you must pay out of pocket before your insurance coverage kicks in. By increasing your deductible, you can lower your monthly premium. However, make sure you can afford the deductible in the event of a claim.

Work with an Independent Agent

Working with an independent insurance agent can also help you find the most affordable professional liability insurance. These agents work with multiple insurance companies and can provide you with quotes from different providers, allowing you to compare prices and coverage options.

In conclusion, the cost of professional liability insurance can vary greatly depending on several factors. By shopping around, considering a package policy, increasing your deductible, and working with an independent agent, you can find the most affordable coverage for your profession. Remember, professional liability insurance is an important investment in protecting your career and finances, so it is worth the cost.

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