Source: Progressive Commercial — Professional Liability Insurance
Progressive Commercial: Professional Services Insurance Appetite
Progressive now offers professional liability (E&O) as a standalone product or BOP endorsement for consulting firms, accountants, and similar advice-giving professions. This makes them a more complete option for small professional services firms. GL and BOP are underwritten by partner carriers, not directly by Progressive.
Available Lines
| Line of Business |
|---|
| General Liability |
| Business Owners Policy (BOP) |
| Professional Liability (E&O) |
| Workers' Compensation |
| Commercial Auto |
| Umbrella/Excess |
Premium Range
$1,200-$6,000
Typical annual premium
Target States
49 states (not available in Hawaii)
Key Features
- BOP program covers consulting firms, accountants, and marketing agencies
- Professional liability (E&O) available standalone or as BOP endorsement
- Low minimum premiums suitable for solo practitioners and micro firms
- Quick online quoting with minimal application questions
- Commercial auto available for firms with mobile employees
Limitations
- E&O excludes bodily injury, contractual liability, and cyber incidents
- Law firms, architects, and engineers are excluded from the BOP program
- Revenue cap of $5M for standard BOP eligibility
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