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HomeResourceTop 5 Professional Liability Insurance Companies In 2022

Top 5 Professional Liability Insurance Companies In 2022

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Professional liability insurance companies protect against civil lawsuits relating to their service. It is referred to as errors and omissions, professional indemnity, or malpractice insurance.

The top 5 professional liability insurance companies in 2022

1. The Hartford: For Technology Businesses

The hartford professional liability insurance

The Hartford offers professional liability coverage for specialized professions, including engineers, accountants, and lawyers. However, it is appropriate for the Information technology business industry including software, tech consultants, hardware manufacturers, IT management firms, and communication service firms. They offer packaged and standalone policies.


  • Supplemental data breach, cyber liability, and media liability coverage
  • Cover for many professions up to $5 million and for Information Technology up to $10 million.

Cons- Certain cover is not available in all the states.

2. Travelers – For Financial Businesses

Travelers professional liability insurance

‘Travelers’ is a firm with a high reputation in the commercial insurance market. It offers strong support to financial businesses, including financial advisers, mutual funds, banks, and others. ‘Travelers’ have dedicated packages for insurance, management, and financial institution businesses.


  • Best A++ rating
  • Specialty insurance packages featuring dedicated risk for financial businesses.

Cons– Some financial businesses are ineligible such as mortgage companies.

3. AIG- For Media Businesses

Aig professional liability insurance

AIG is one of the top providers of business and individual insurance. Professional liability insurance is suitable for media businesses offering specialized coverage features. The design of AIG is for a media insurance product and several industries and includes several highlights, that it is interesting for publishers, content developers, and broadcasters.

AIG pays for the services such as media training, crisis communications, social media management, and rapid response. They also manage social media management if there is a major lawsuit against your business. Buy income loss protection as a ReputationGuard program. AIG offers a variety of business products as liability insurance but does not give general liability insurance. Its policies include cyber liability insurance, health and accident insurance, surety bonds, mergers and acquisitions insurance, and environmental insurance.


  • Cover for media businesses
  • Best A rating

Cons– No live chat or online quoting

4. ChubbFor Cyber Businesses

Chubb professional liability insurance

Chubb offers cyber liability insurance coverage to businesses. If digital data experience any risk, the right coverage of insurance is available ensuring protection from losses. It is a well-established company helping businesses in responding swiftly during a cyber breach.


  • A range of cyber policies
  • Integrity and risk management

Cons– No chat or live support

5. Thimble Insurance- For professional Liability insurance businesses

Thimble insurance professional liability insurance

Thimble insurance gives flexible and affordable professional liability insurance suitable for small businesses with flexible coverage needs. The coverage is affordable and the application process is easy and quick. It is one of the liability insurance companies allowing adjusting through the online customer portal, the coverage. The coverage is for individuals in different professions and more.


  • Coverage is in different terms in a variety
  • Serves a variety of professionals

Cons- No support for online claims

Bottom Line

Professional liability coverage safeguards you financially from the associated costs with a claim displaying your negligence while offering a service. It includes damages, legal costs, and settlement costs. There are many professional liability insurance companies, but each varies in its coverage features, financial strength, and additional services.

Find professional liability insurance companies considering the comparison as per the policy options, ease of use, price, industry specialty, customer service, and unique features. Do not be in a rush to enroll with the foremost company coming into contact for the first time, or if one offers you low-cost premiums.

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