What You’ll Typically Pay + What Drives the Price
Are you trying to figure out how much Errors & Omissions (E&O) insurance costs for your Dallas business - and getting a different answer everywhere you look?
You’re not alone. E&O pricing can feel confusing because it changes based on what you do, who you serve, and what your contracts require. This guide is here to make it simple.
Key takeaways
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Many small businesses pay somewhere between about $50 and $100 per month for professional liability / E&O, but it can be lower or higher depending on your risk and coverage choices.
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Realistic published averages include $61/month (Insureon small business customers) and $76/month (The Hartford’s stated typical cost for small businesses).
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Your profession, coverage limits, deductible, and claims history are usually the biggest price drivers.
We’ve been helping to protect Dallas for over 28 years. At Thumann Insurance Agency, we partner with 80+ carriers so you can compare options and choose coverage that fits your work and your contract requirements.
First: what E&O insurance is (and what it isn’t)
E&O insurance (also called professional liability insurance) helps cover legal defense costs and certain damages if a client claims your professional service, advice, or work caused them a financial loss (examples: negligence, misrepresentation, mistakes, missed deadlines, or failure to deliver as promised).
E&O is not the same as:
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General liability (slip-and-fall, bodily injury, property damage)
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Cyber liability (data breaches, ransomware, many network security events)
Some businesses need E&O + cyber, depending on what you do and what data you touch.
How much does E&O insurance cost in Dallas, TX?
There isn’t one “Dallas price” that fits every business — because carriers rate based on your specific risk. Instead of guessing a Dallas-only number, here are solid benchmarks from large insurers and broker datasets (use these to set expectations, then get a quote for the real number).
Published cost benchmarks (what many small businesses pay)
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Insureon: average $61/month for professional liability; a large share pays $50–$100/month.
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TechInsurance: average $61/month, and many pay $50–$100/month.
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The Hartford: small businesses typically pay about $76/month for a standalone professional liability policy.
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NEXT Insurance (their customers): 73% pay less than $45/month (often for lower-risk classes).
What this means for Dallas: your number may land inside those ranges, but it can also be outside them — especially if your contracts require higher limits, your work is high-stakes, or you have prior claims.
Why E&O prices vary so much
E&O is priced on risk — and “risk” is different for every profession.
Here are the factors that most commonly move your premium:
1) Your profession and services
Some industries get rated lower because claims are less frequent or lower severity. Others get rated higher because a single mistake can create major financial loss. (This is why generic “E&O costs $X” answers online rarely line up with real quotes.)
2) Revenue and business size
Higher revenue and more projects can increase exposure. That doesn’t mean you can’t get good pricing — it just means the carrier is pricing for a larger footprint.
3) Coverage limits you choose
Limits matter because they set the maximum the policy may pay (subject to terms and exclusions).
Many businesses start at $1M / $1M (per claim / aggregate). In one published dataset, $1M/$1M was the most common choice, and fewer chose $2M/$2M.
4) Your deductible
A higher deductible often lowers the premium — but it also increases what you pay out of pocket if a claim happens. (This is one of the cleanest levers to adjust cost without cutting limits.)
5) Claims history
Prior claims (or even allegations) can affect underwriting, pricing, and available terms.
Claims-made vs. occurrence (don’t skip this)
Most E&O policies are claims-made, which means coverage generally depends on when the claim is made and reported, not only when the work happened.
When you’re comparing options, pay close attention to:
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Retroactive date (retro date): how far back your prior work is covered (for claims-made policies)
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Continuous coverage: gaps can cause problems later
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Tail coverage (extended reporting period): sometimes needed if you stop coverage or retire
If you’ve ever switched providers and wondered “Did I just lose coverage for old work?” — this is why.
Common exclusions and “gotchas” to watch for
Every carrier is different, but these are common areas that surprise people:
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Intentional wrongdoing / fraud (typically excluded)
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Bodily injury or property damage (often belongs under general liability)
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Cyber, data, and security events (often needs cyber coverage)
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Contract terms beyond negligence (some agreements expand your responsibility; underwriting matters)
This is one reason it helps to review your contracts before you buy.
What you need for an accurate E&O quote (quick checklist)
If you want a quote that matches reality (and doesn’t change after underwriting), gather:
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What you do (your services, deliverables, and who your clients are)
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Annual revenue + number of owners/employees/1099s
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Any contract requirements (limits, COIs, special wording)
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Prior claims or allegations (if any)
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Desired limits and deductible range
If you have a contract in hand, that’s even better — it usually answers the “what limits do I need?” question fast.
Ways to keep E&O pricing reasonable (without weakening protection)
A few practical moves that often help:
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Choose limits based on contracts (not guesses)
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Increase your deductible if you can comfortably absorb it
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Tighten your risk process: written scope, sign-offs, and documentation
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Review coverage annually as your services and revenue change
And most importantly: compare options. Pricing and wording vary a lot carrier-to-carrier.
About Thumann Insurance Agency
If you want an exact number (not an estimate), we can help you compare options quickly.
We’ve been helping to protect Dallas for over 28 years. At Thumann Insurance Agency, we partner with 80+ carriers so you can compare coverage terms, limits, and pricing - and choose what makes sense for your work and your contracts.
Want your real number?
Get an E&O quote here
Or call: 972-991-9100
FAQs about E&O insurance cost in Dallas
What affects the cost of E&O insurance the most?
Usually your profession/services, coverage limits, deductible, business size, and claims history.
Is E&O the same as professional liability insurance?
In many industries, yes — E&O is another name for professional liability insurance (the name varies by profession).
How much do small businesses typically pay for E&O?
Published benchmarks commonly show averages around $61/month (Insureon; TechInsurance) and about $76/month (The Hartford), with many businesses paying somewhere in the $50–$100/month range.
Can E&O be under $50/month?
Yes — some insurers report many lower-risk customers paying under $45/month.
Does a higher deductible lower E&O cost?
Often, yes — but it increases your out-of-pocket cost if a claim occurs.
Published: 27th January, 2026.
Author: Lauren Thumann Director of Marketing.
The dollar amounts in this blog are published benchmarks from insurers/brokers and reflect their customer data and assumptions - not a guaranteed “Dallas rate” for every business. Your exact premium can be higher or lower depending on your profession, limits, deductible, revenue, contracts, and claims history.