Small businesses perform most of the professional services within the U.S. economy. As a result, they have the greatest need for Professional Liability (Errors and Omissions Liability) insurance. The major problem with small businesses obtaining small business insurance is affordability. Unfortunately, most insurance carriers that offer Professional Liability insurance have a high minimum premium in the $2,500 to $5,000 range. As a result, it could be said that most Professional Liability insurance is designed with larger professional service firms in mind.
However, many innovative insurance carriers have recently begun customizing Professional Liability insurance programs with smaller businesses in mind. For example, here at Sadler we offer an affordable Professional Liability insurance policy for smaller technology companies that starts out at a price of around $850.
Please call us at 800-622-7370 for a free quote.