ERGO NEXT tops MoneyGeek's Colorado rankings for professional liability insurance, earning the highest marks for customer service, digital experience and affordability. With average premiums of $70 per month ($7 below the state average), ERGO NEXT also stands as the cheapest professional indemnity insurer in Colorado. The Hartford, Simply Business, Nationwide and Coverdash offer strong alternatives for small business owners seeking top errors and omissions insurance in the state.
Best Professional Liability Insurance Colorado
Find CO professional liability insurance starting at $25 per month from top providers like ERGO NEXT, The Hartford and Simply Business.
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Updated: January 21, 2026
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Professional Liability Insurance Colorado: Key Takeaways
ERGO NEXT provides both the best professional liability insurance and most affordable coverage in Colorado at $70 monthly (Read More).
Colorado businesses pay an average of $77 monthly for professional liability insurance costs ($923 yearly), placing the state among the more affordable options nationally (Read More).
Professional liability insurance shields Colorado businesses from financial losses due to professional mistakes, errors, and failure to deliver promised services (Read More).
Colorado does not mandate professional liability insurance for most businesses, though healthcare providers and certain regulated professions must carry coverage (Read More).
Colorado business owners should request multiple small business insurance quotes to compare coverage limits, deductibles, and premiums before selecting a provider (Read More).
Best Professional Liability Insurance Companies in Colorado
| ERGO NEXT | 4.71 | $70 |
| The Hartford | 4.68 | $71 |
| Simply Business | 4.49 | $76 |
| Nationwide | 4.43 | $82 |
| Coverdash | 4.42 | $77 |
| biBERK | 4.40 | $79 |
| Progressive Commercial | 4.38 | $74 |
| Hiscox | 4.35 | $76 |
| Chubb | 4.25 | $88 |
| Thimble | 4.20 | $75 |
How Did We Determine The Best Professional Liability Insurance in Colorado?
These rates are estimates based on MoneyGeek's proprietary analysis of small businesses with two employees across 79 major industries and should not be considered quotes. Your actual rate will differ based on business-specific factors. Contact insurers directly for accurate pricing tailored to your business needs.
LEARN MORE ABOUT BUSINESS INSURANCE IN COLORADO
Professional liability insurance represents just one piece of comprehensive business protection in Colorado. Explore these additional state-specific resources to build complete coverage for your business:
1. ERGO NEXT: Best Professional Liability Insurance in CO
pros
Lowest E&O rates in Colorado at $70 monthly
A+ Superior AM Best rating backed by Munich Re
Ranks first nationally for digital experience and policy management
Quote, purchase and receive certificates of insurance in about 10 minutes online
cons
Claims process ranks fourth nationally, with some longer wait times
Founded in 2016, less established than traditional insurers
Limited phone support hours (8 a.m. to 5 p.m. Central)
COMPANY HIGHLIGHTS
ERGO NEXT earns MoneyGeek's top ranking for professional liability insurance in Colorado by combining the state's lowest rates with the highest-rated digital experience among insurers we reviewed. Colorado small business owners pay $70 monthly for E&O coverage, saving $7 compared to the $77 state average.
A Denver consultant or Boulder tech startup can get quoted, purchase coverage and download a certificate of insurance in about 10 minutes. The insurer's A+ Superior AM Best rating, earned after its 2025 Munich Re acquisition, provides financial stability matching traditional carriers while its mobile app lets business owners manage policies around the clock.
2. Simply Business: Best Professional Liability Insurance Coverage Options in CO
pros
Ranks first nationally for coverage options across 18+ carriers
Compare multiple E&O quotes in one application within minutes
Backed by Travelers' A++ Superior financial strength rating
Broker model finds policies for hard-to-insure businesses
cons
Claims process ranks eighth nationally with slower resolution times
Customer service ranks seventh, with some long hold times reported
Professional liability rates are higher than other providers
COMPANY HIGHLIGHTS
Simply Business earns MoneyGeek's top ranking for professional liability coverage options in Colorado by connecting small business owners to policies from over 18 carriers, including Travelers, Hiscox and Markel. Colorado professionals pay $76 monthly for E&O coverage, slightly below the $77 state average, but higher than other providers.
A Denver IT consultant or Colorado Springs accountant can complete one application, compare quotes from multiple insurers and purchase coverage in about 10 minutes. The platform ranks third nationally for digital experience and works well for specialized professions that direct insurers often reject.
Average Cost of Professional Liability Insurance in Colorado
Professional liability insurance costs in Colorado vary significantly across industries. Home-based businesses pay the most affordable rates at around $36 per month, while mortgage brokers face the highest costs at approximately $162 per month. You can find specific pricing for your industry using the filtering tool below to compare rates tailored to your business type.
Data filtered by:
Select
| Accountants | $144 | $1,729 |
| Ad Agency | $94 | $1,131 |
| Auto Repair | $82 | $980 |
| Automotive | $76 | $906 |
| Bakery | $53 | $631 |
| Barber | $43 | $519 |
| Beauty Salon | $48 | $577 |
| Bounce House | $58 | $697 |
| Candle | $42 | $499 |
| Cannabis | $124 | $1,490 |
| Catering | $79 | $954 |
| Cleaning | $55 | $664 |
| Coffee Shop | $61 | $729 |
| Computer Programming | $104 | $1,250 |
| Computer Repair | $63 | $757 |
| Construction | $75 | $901 |
| Consulting | $107 | $1,280 |
| Contractor | $63 | $754 |
| Courier | $49 | $593 |
| DJ | $44 | $532 |
| Daycare | $108 | $1,296 |
| Dental | $82 | $985 |
| Dog Grooming | $54 | $649 |
| Drone | $106 | $1,270 |
| Ecommerce | $61 | $732 |
| Electrical | $63 | $757 |
| Engineering | $103 | $1,232 |
| Excavation | $65 | $785 |
| Florist | $37 | $439 |
| Food | $107 | $1,281 |
| Food Truck | $58 | $698 |
| Funeral Home | $80 | $956 |
| Gardening | $40 | $480 |
| HVAC | $80 | $961 |
| Handyman | $54 | $643 |
| Home-based business | $36 | $436 |
| Hospitality | $73 | $881 |
| Janitorial | $50 | $596 |
| Jewelry | $60 | $721 |
| Junk Removal | $67 | $802 |
| Lawn/Landscaping | $50 | $601 |
| Lawyers | $147 | $1,764 |
| Manufacturing | $59 | $706 |
| Marine | $88 | $1,062 |
| Massage | $103 | $1,240 |
| Mortgage Broker | $162 | $1,943 |
| Moving | $81 | $972 |
| Nonprofit | $49 | $590 |
| Painting | $64 | $763 |
| Party Rental | $54 | $651 |
| Personal Training | $69 | $828 |
| Pest Control | $96 | $1,153 |
| Pet | $45 | $541 |
| Pharmacy | $57 | $684 |
| Photography | $63 | $755 |
| Physical Therapy | $93 | $1,119 |
| Plumbing | $88 | $1,050 |
| Pressure Washing | $57 | $686 |
| Real Estate | $125 | $1,504 |
| Restaurant | $80 | $966 |
| Retail | $55 | $661 |
| Roofing | $96 | $1,150 |
| Security | $99 | $1,192 |
| Snack Bars | $48 | $582 |
| Software | $96 | $1,148 |
| Spa/Wellness | $109 | $1,311 |
| Speech Therapist | $99 | $1,185 |
| Startup | $73 | $870 |
| Tech/IT | $96 | $1,152 |
| Transportation | $95 | $1,135 |
| Travel | $95 | $1,140 |
| Tree Service | $74 | $893 |
| Trucking | $110 | $1,325 |
| Tutoring | $60 | $720 |
| Veterinary | $116 | $1,386 |
| Wedding Planning | $78 | $932 |
| Welding | $76 | $915 |
| Wholesale | $61 | $736 |
| Window Cleaning | $62 | $745 |
How Did We Determine These Colorado Professional Liability Insurance Rates?
These rates are estimates based on MoneyGeek's proprietary analysis of small businesses with two employees across 79 major industries and should not be considered quotes. Your actual rate will differ based on business-specific factors. Contact insurers directly for accurate pricing tailored to your business needs.
What Does Colorado Professional Liability Insurance Cover?
Professional liability insurance in Colorado protects your business when clients claim you made mistakes or didn't deliver what you promised. Professional liability insurance also covers the legal costs that come with defending these claims. This coverage goes by several different names:
- Errors and omissions insurance (E&O)
- Malpractice insurance (specialized type, typically in legal and medical fields)
- Professional indemnity insurance
How Much Professional Liability Insurance Do I Need in Colorado?
Colorado doesn't require most businesses to carry professional liability insurance, with exceptions for healthcare providers and real estate professionals. Physicians must maintain $1 million per occurrence and $3 million aggregate coverage to keep their medical license active. Real estate brokers, appraisers and mortgage loan originators need E&O coverage with minimum limits of $100,000 per claim and $300,000 aggregate. For general contract work, $1 million per occurrence and $2 million aggregate remains the industry standard.
Who Needs Professional Liability Insurance in Colorado?
Colorado businesses providing professional services or advice that could result in client financial losses should carry professional liability insurance. These industries have particular exposure to negligence claims and contractual disputes in the state.
Tech Professionals
Colorado's designation as a federal quantum technology hub has accelerated growth in software development, IT consulting and cybersecurity services across the Front Range. These businesses benefit from tech E&O insurance to cover claims related to coding errors, data breaches or project delays that cause client financial harm.
Real Estate Professionals
Colorado law requires all active real estate brokers, appraisers and mortgage loan originators to maintain errors and omissions insurance for real estate with minimum limits of $100,000 per claim and $300,000 aggregate. Failing to maintain coverage results in automatic license inactivation by the Division of Real Estate.
Medical Professionals
Colorado physicians must carry malpractice insurance with $1 million per occurrence and $3 million aggregate limits to maintain an active medical license. House Bill 1472, effective January 2025, increased non-economic damage caps from $300,000 to $875,000, making adequate coverage more critical for healthcare providers.
Financial and Consulting Professionals
Denver's growing financial services sector includes accountants, investment advisors and management consultants who provide guidance affecting client assets. These professionals need accountants' professional liability insurance to cover claims arising from tax preparation errors, missed filings or flawed financial advice.
Contractor and Construction Professionals
Colorado's focus on innovative housing development has expanded demand for architects, engineers and general contractors statewide. While not legally required, many clients and lenders require professional liability coverage before awarding contracts for commercial or residential projects.
How to Get the Best Professional Liability Insurance in Colorado
Our step-by-step guide walks you through how to get business insurance in Colorado that matches your professional liability needs and budget. Following these steps helps you find the right coverage for your business.
- 1Assess your professional liability insurance coverage needs
Start by evaluating your business risks and any client or licensing requirements you must meet. A Boulder software developer working with enterprise clients faces different exposure than a Fort Collins freelance marketing consultant serving local businesses.
- 2Work with a local agent
Find an agent who understands Colorado's business landscape and how business insurance costs vary across the Front Range and mountain communities. Local agents can explain whether your Denver tech startup needs different coverage than similar businesses in Colorado Springs' defense contractor environment.
- 3Get quotes and compare coverage details
Request quotes from at least three insurers, comparing both affordable business insurance rates and policy terms like exclusions and deductibles. A Boulder biotech consultant should examine coverage differences carefully, not just premium costs, when evaluating $1 million liability policies.
- 4Research the best providers
Look beyond price when researching professional liability insurers in Colorado. Find carriers with strong AM Best financial ratings, solid claims handling records and experience serving your specific industry.
- 5Consider bundling discounts
Many Colorado insurers offer better premiums when you combine professional liability with other types of business insurance like general liability or commercial property coverage. A Lakewood accounting firm, for example, might save 10% to 15% by bundling E&O with general liability.
- 6Don't let your coverage lapse
Professional liability policies protect you only from claims filed while your policy is active, even if the work occurred years earlier. A Denver consultant switching carriers should ensure the new policy covers prior acts or purchase tail coverage (extended reporting coverage protecting against claims filed after a policy ends) from the previous insurer.
Get Colorado Professional Liability Insurance Quotes
MoneyGeek can help you find professional liability insurance coverage in Colorado by matching you to top providers for your industry. Use our tool below to get your best company match and receive tailored quotes for your business.
Get Matched To The Best CO Professional Liability Insurer For You
Select your industry and state to get a customized CO professional liability insurer match and get tailored quotes.
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Colorado Professional Liability: Bottom Line
Finding the right professional liability insurance in Colorado comes down to understanding your business risks and working with the right provider. ERGO NEXT earns our top rating, but your industry, client contracts and budget should guide your final decision. Start by assessing your needs, then let a local agent help you compare options and secure coverage that financially protects your business.
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. He has analyzed the insurance market for over five years, conducting original research for insurance shoppers. His insights have been featured in CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
He writes about economics and insurance, breaking down complex topics so people know what they're buying.