PreferredVerified Q1 2026
Source: Hiscox — Professional Liability Insurance
Hiscox: Professional Services Insurance Appetite
Hiscox is the gold standard for small professional services firms needing E&O coverage. Consultants, accountants, marketing agencies, and IT professionals can get quoted and bound online in minutes. The free cyber liability add-on is a significant differentiator. For firms over $5M in revenue, also quote CNA for comparison.
Available Lines
| Line of Business |
|---|
| General Liability |
| Professional Liability |
| Cyber Liability |
| Business Owners Policy (BOP) |
Premium Range
$600-$6,000
Typical annual premium
Target States
All 50 states
Key Features
- Industry-leading online quoting for professional E&O coverage
- Over 180 professional service class codes available for instant quoting
- Cyber liability endorsement included with professional liability at no extra cost
- Monthly payment options with no financing fees
- Claims handling team dedicated to professional liability disputes
Limitations
- No workers' comp or commercial auto — must be placed with another carrier
- Revenue cap of $10M for online quoting eligibility
- Larger firms with complex risk profiles need CNA or Travelers for broader terms
Compare Other Carriers for Professional Services
Progressive CommercialStandard
$1,200-$6,000
TravelersStandard
$2,000-$15,000
CNAPreferred
$3,000-$25,000
ERGO NEXT InsurancePreferred
$500-$5,000
The HartfordPreferred
$2,000-$15,000
EMPLOYERS HoldingsPreferred
$600-$4,000
AcuityStandard
$2,000-$10,000
Erie InsurancePreferred
$2,000-$12,000
biBERKPreferred
$1,000-$8,000
AmTrust Financial ServicesPreferred
$1,500-$12,000
BTISPreferred
$1,500-$10,000
Pie InsurancePreferred
$500-$4,000
NationwidePreferred
$1,000-$7,500
Liberty MutualStandard
$1,200-$8,000
ChubbPreferred
$2,000-$15,000
Cincinnati FinancialStandard
$1,000-$7,000
Hanover InsurancePreferred
$1,000-$8,000
Auto-Owners InsuranceStandard
$900-$6,000
Guard Insurance GroupPreferred
$1,000-$6,000
Markel CorporationStandard
$2,000-$15,000
Coterie InsurancePreferred
$500-$3,000
Selective Insurance GroupPreferred
$3,000-$40,000
Kinsale Capital GroupStandard
$2,000-$20,000
InsureonStandard
$400-$5,000