Professional Services Insurance
Insurance for professional services firms.
Protect your firm from the risks that come with providing advice, delivering professional work, employing talented people and handling sensitive client information.
Industry Overview
Your expertise is the business. Protect it accordingly.
Professional services organizations can face claims from client disputes, professional mistakes, cyber incidents, employment issues, property losses and interruptions that affect revenue.
Nelson Insurance Agency helps accountants, consultants, architects, advertising agencies, law firms, research firms and other professional organizations build insurance programs around the way they actually operate. The goal is simple: bring your core business coverage, professional liability, cyber protection and employee needs together in one coordinated insurance strategy.
Integrated Protection
Protect the work, the business and the people behind it.
A professional firm rarely has only one meaningful exposure. The strongest insurance program looks at professional liability, office operations, cyber risk, employees and ownership together instead of treating every policy as a separate transaction.
Start a Business QuoteWho We Serve
Professional firms across a wide range of industries.
Coverage can be tailored around the services you provide, the clients you serve, your revenue, the contracts you sign, the information you hold and the employees who keep the firm moving.
Products & Coverages
Coverage designed around professional services risks.
Your insurance package should reflect your profession, size, contracts, client profile, cyber exposure, workforce and the financial impact a claim could have on the firm.
Business Owner's Policy
A BOP can combine general liability, business property and often business-income coverage into one streamlined policy for eligible small and midsize professional firms.
Learn moreProfessional Liability / E&O
Coverage for claims alleging that your professional services, advice, error or omission caused a client financial loss. For many professional firms, this is one of the most important policies in the program.
Learn moreCommercial Property
Protect computers, office furniture, equipment, tenant improvements and other insured property, with business-income options available for covered interruptions.
Learn moreWorkers' Compensation
Helps address covered work-related injuries and illnesses, including eligible medical expenses and wage-related benefits. South Dakota generally does not mandate the coverage, but employers may still choose it for protection or contractual requirements.
Learn moreCyber Insurance
Coverage options can address ransomware, data breaches, privacy incidents, business interruption, incident response and certain cybercrime losses, subject to the policy terms and conditions.
Learn moreEmployment Practices Liability
EPLI can respond to covered allegations involving discrimination, harassment, retaliation, wrongful termination and other employment-related claims.
Learn moreUmbrella & Excess Liability
Additional limits over eligible underlying liability policies can help protect the firm's balance sheet when a severe claim exceeds primary insurance limits.
Learn moreManagement Liability
Directors & officers liability, crime and related management-liability options can help protect the organization and its leadership from certain management and governance exposures.
Learn moreCommercial Package Insurance
A strong foundation for the firm's everyday risks.
For many professional firms, a BOP or commercial package provides the starting point. Specialized liability and employee protection can then be layered around that core policy.
General Liability
Protection for covered third-party bodily injury, property damage and certain personal and advertising injury claims.
Property & Business Income
Coverage for insured business property and certain income losses or extra expenses after a covered property loss.
Commercial Auto / Hired & Non-Owned Auto
Coverage options for firms that own vehicles or have employees using rented, leased or personal vehicles for business purposes.
Crime & Fidelity
Coverage options for employee dishonesty, theft, fraudulent transfers and related exposures, depending on the policy form.
Life, Health & Disability
Protect the people who create the value of the firm.
Professional firms compete for talent and often rely heavily on a small number of owners or key professionals. Employee benefits and individual protection can be part of the same broader insurance conversation.
Nelson Insurance Agency
Local service. Broad business protection.
Based in Sioux Falls, we help South Dakota businesses bring multiple insurance needs into one conversation.
Frequently Asked Questions
Professional services insurance FAQs.
What insurance does a professional services firm usually need?
Many firms begin with a Business Owner's Policy or commercial package, then add professional liability/E&O and cyber insurance. Workers' compensation, EPLI, umbrella, management liability, crime and employee benefits may also be appropriate depending on the business.
Is professional liability the same as errors and omissions insurance?
In many industries, the terms are used interchangeably. Both generally refer to coverage designed for allegations that professional advice, services, errors or omissions caused a client's financial loss. Exact policy language varies by profession and carrier.
Does a Business Owner's Policy include professional liability?
Usually not as a standard feature. A BOP generally focuses on general liability, commercial property and business-income protection. Professional liability is commonly written separately or added by endorsement where available.
Why do accounting, consulting and law firms need cyber insurance?
Professional firms often hold confidential client information, financial records, credentials and employee data. Cyber insurance can help with covered costs tied to breach response, forensic investigation, ransomware, restoration, business interruption and certain cybercrime losses, depending on the policy.
Can Nelson Insurance Agency help with employee benefits?
Yes. We can discuss group health, life, disability, dental, vision and other benefit options, along with individual life and disability strategies for owners and key people.
How much does professional services insurance cost?
Pricing depends on the profession, annual revenue, payroll, number of employees, policy limits, deductibles, contracts, claims history, client profile, cyber controls and other underwriting factors. A quote is the best way to determine pricing for a specific firm.
Get a Quote
Build an insurance program around the way your firm actually operates.
Tell us about your business, the services you provide and the coverage you want to review.
