Stay a step ahead of potential lawsuits with the right E&O policy
If you own a business and work with clients, it’s a good idea to purchase professional liability insurance. Professional liability insurance, also called errors and omissions (E&O) insurance, pays for your legal defense if a client or customer sues your business for negligence or malpractice. Without professional liability insurance, your business is on the hook financially if you end up in a lawsuit—whether you win or lose.
Professional liability insurance is one of the most valuable business insurance policies that you can have, but not all insurance providers are created equal. To find the best professional liability insurance companies, we started with a list of 17 carriers and closely evaluated each one based on policy options, ease of use, industry specialty, price, and customer satisfaction.
The Best Professional Liability Insurance for 2023
- Best Overall:AIG
- Best for Freelancers and Independent Contractors: Pogo
- Best for Medical and Healthcare Providers: The Doctor’s Company
- Best for Lawyers: Embroker
- Best for Small Businesses: Thimble Insurance
- Best for Realtors: Hiscox
Embroker
Embroker’s legal malpractice (legal professional liability) policies are designed with lawyers in mind, so you can protect yourself from getting tied up in a lawsuit that might pull you away from billable work.
Pros
- Embroker’s legal malpractice policies are specifically tailored for lawyers and others in the legal profession
- Shop for policies online and build a customized insurance package
- Manage your coverage entirely online, from payments to claims
Cons
- It’s a newer company, so it lacks financial ratings and real customer reviews
Embroker’s professional liability insurance is the best option on the market for lawyers. Attorney professional liability insurance pays for your own legal defense if a client sues you for negligence, malpractice, misrepresentation, oversight errors, and more.
With Embroker, you can set personalized coverage limits and choose a deductible that fits your budget. Best of all, you can apply online and get coverage in as little as 10 minutes. Most types of coverage do not require a waiting period.11
In addition to professional liability insurance, Embroker also sells tons of different business coverages, including business owner’s policies, commercial crime insurance, cyber liability and data breach insurance, key person insurance, fiduciary liability insurance, surety bonds, and workers’ compensation.12
Another reason why Embroker is the best professional liability provider for lawyers is that the coverage is affordable. Embroker is a digital insurer, which allows the company to keep prices low. And if you have questions about your coverage, it’s easy to get in touch with Embroker via phone Monday through Friday, from 6 a.m. to 6 p.m. PT, or through email and live chat.
Embroker was the first digital business insurance provider in the country and was founded in 2015.13 The company started selling lawyers professional liability insurance in 2020.14
