Professional Liability (E&O) Calculator

Each professional adds a flat per-head charge to the base premium, on top of the revenue-based component -- more licensed professionals covered under the same policy means more individuals whose work could generate a claim, so the insurer prices for that added exposure directly. This charge applies regardless of how revenue is distributed among the professionals.

Choosing a higher deductible steps the premium down through several tiers in this model -- the discount grows as the deductible rises from the $1,000-$2,499 tier through $10,000 and above, since a firm that absorbs more of each claim itself is cheaper for the insurer to cover. The premium at a given deductible tier never increases as the deductible rises further within that tier or into a higher one.

Yes -- each claim filed in the past five years adds a 25% surcharge on top of the base premium in this model, so a firm with two claims on record pays a 50% surcharge and a firm with four claims pays a 100% surcharge (double the base rate). This reflects how real E&O underwriting treats claims history as one of the strongest predictors of future claims risk.

Medical and legal practices carry the highest base rates in this model because malpractice claims in those fields tend to involve higher-severity harm (health outcomes, legal case outcomes, and financial loss) and correspondingly larger settlement or judgment amounts than claims typical of consulting, accounting, or real estate practices. Higher expected claim severity is priced into a higher base rate per dollar of revenue. That said, treat the Medical option as illustrative only, not a malpractice quote: real physician malpractice insurance is written on a specialized malpractice form and typically costs far more per physician per year than this general E&O model produces, with wide variation by specialty (a surgeon or OB-GYN prices dramatically higher than an internist). Get an actual quote from a medical-malpractice carrier for real coverage.