PreferredVerified Q1 2026
Source: ERGO NEXT — Consulting Insurance
ERGO NEXT Insurance: Professional Services Insurance Appetite
NEXT competes directly with Hiscox for small professional services firms. Their digital experience is slightly more polished, but Hiscox includes cyber liability with E&O for free, which is a significant advantage. Quote both and let the client choose. NEXT wins on price; Hiscox wins on coverage breadth.
Available Lines
| Line of Business |
|---|
| General Liability |
| Professional Liability |
| Business Owners Policy (BOP) |
| Workers' Compensation |
Premium Range
$500-$5,000
Typical annual premium
Target States
All 50 states
Key Features
- Professional liability available for over 100 service class codes
- Online quoting and binding in under 10 minutes
- Package pricing when combining GL and professional liability
- Low minimum premiums ideal for freelancers and solo consultants
- Mobile app for certificates, policy changes, and claims filing
Limitations
- No cyber liability available as a standalone or add-on product
- Revenue cap of $5M for online program eligibility
- Law firms, architects, and financial advisors need specialty markets
Compare Other Carriers for Professional Services
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TravelersStandard
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HiscoxPreferred
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The HartfordPreferred
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EMPLOYERS HoldingsPreferred
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AcuityStandard
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Erie InsurancePreferred
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biBERKPreferred
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AmTrust Financial ServicesPreferred
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BTISPreferred
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Pie InsurancePreferred
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NationwidePreferred
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Liberty MutualStandard
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ChubbPreferred
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Cincinnati FinancialStandard
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Hanover InsurancePreferred
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Auto-Owners InsuranceStandard
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Guard Insurance GroupPreferred
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Markel CorporationStandard
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Coterie InsurancePreferred
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Selective Insurance GroupPreferred
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InsureonStandard
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