How Much Does Professional Liability Insurance Cost Bizinsure At bizinsure, our analysis of more than 5000 of our customers showed that regardless of the industry or policy limits, the average yearly cost of professional liability insurance for a small business is $767.24. as a yearly median cost this is $600. nevertheless, more than a third of small business owners pay less than $600 per year for their. How much is professional liability insurance? bizinsure analyzed more than 5,000 of our customers and found that on average small businesses spend around $767 per year for professional liability insurance. this includes all industries and varying policy limits. however, professional liability insurance costs less than $600 per year for more.
How Much Does Professional Liability Insurance Cost Insuregood Bizinsure offers professional liability insurance tailored for small business owners in ny. compare quotes and get coverage online. call us 1 877 900 9998. Bizinsure has no presence on trustpilot's rating system, but it does enjoy an "a " accredited 4 star rating from the better business bureau. it has only had 3 customer complaints in the last 3 years. and all three of those complaints were a result of miscommunication from the customer to the bbb. Professional liability insurance cost is highly dependent upon company revenue and line of business. for example, a new it consulting business with $50,000 in sales may have average premiums as low as $310, while an architecture business with $250,000 in revenue may have average premiums of $2,457 or more. On average, business owners spend $500 to $1,000 per year, per employee on professional liability insurance, according to estimates from the hartford, an insurance provider. the cost of coverage.
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