How much does architect insurance cost?

The median cost of professional liability insurance for architects is $145 per month or $1,730 per year, according to Insureon, an online marketplace for small-business insurance. Additional coverage, like general liability or workers’ compensation, is a separate cost. The median rates for coverage, according to Insureon, are as follows:

How much does professional liability insurance cost for architects?

The median cost of professional liability insurance is about $145 per month for architects, or $1,730 annually. This policy, also known as errors and omissions insurance (E&O insurance), protects architects against lawsuits brought by clients claiming that work was inaccurate, late, or never delivered.

What insurance do architects need?

Workers’ compensation insurance: This policy is required in most states for businesses with employees. It covers medical expenses if an employee is injured on the job. Cyber liability insurance: This policy helps architects, engineers, and other building design professionals recover financially from data breaches and cyberattacks.