Professional Liability (E&O) Calculator
Estimate errors and omissions insurance costs by profession, revenue, coverage limits, and claims history.
Financial Disclaimer
This calculator is for educational purposes only and does not constitute financial advice. Results are estimates based on the inputs provided. Consult a qualified financial advisor before making investment or financial planning decisions.
Inputs
Results
Monthly Premium
$183.33
≈ 12 movie tickets
How to Use This Calculator
- Enter your annual professional service revenue.
- Select your profession (consultant, attorney, accountant, architect, etc.).
- Set the desired per-claim and aggregate limits.
- Review the estimated E&O/professional liability annual premium.
- Claims-made policies are standard — ensure prior acts coverage (retroactive date) is included.
How the result changes with Coverage Limit
| Coverage Limit | Monthly Premium |
|---|---|
| $1,225,000.00 | $183.33 |
| $3,662,500.00 | $229.17 |
| $6,587,500.00 | $275.00 |
| $9,025,000.00 | $275.00 |
What each input means
- Annual Revenue
- Annual gross revenue of the professional practice.
- Profession
- Your professional practice area.
- Coverage Limit
- Per-claim coverage limit for E&O insurance.
- Deductible
- Per-claim deductible (retention) amount.
- Number of Professionals
- Number of licensed professionals in the firm.
- Claims in Last 5 Years
- Number of E&O claims filed in the past 5 years.
How this is calculated
Worked example, using the default values
- Identify Input Parameters4 parametersAnnual Revenue = 500000, Profession = 0, Coverage Limit = 1000000, Deductible = 5000 = 6 input(s) provided
- Calculate Monthly PremiumMonthly Premium183.33 = $183.33
- Calculate Annual PremiumAnnual Premium2200 = $2,200
- Calculate Cost per ProfessionalCost per Professional440 = $440
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