Hiscox vs TechInsurance: How Do They Compare for Professional Liability (E&O) Insurance?

TechInsurance cites a median of $88 a month and aims at IT, SaaS, cybersecurity and tax firms, while Hiscox sells professional liability online to small businesses in 49 states and D.C. with phone advisors available.

TechInsurance reports a median monthly and annual E&O premium without naming an insurer, while Hiscox names its underwriting entity but does not publish pricing. ^5,^4,³

What Are the Key Differences Between Hiscox and TechInsurance Professional Liability (E&O) Insurance?

Who Carries the Risk

Hiscox names Hiscox Insurance Company Inc. as the underwriter of its admitted professional liability policies. ⁴ TechInsurance arranges E&O for its customers but does not name the issuing insurer on its product page. ⁵

When comparing Hiscox and TechInsurance, decide whether you want direct access to an insurer or a broker who can help structure and shop the placement.

What Each Publishes About Cost

TechInsurance is the only one of this pair to publish a cost benchmark for the line, drawn from its own book of business:

TechInsurance says its E&O policyholders pay a median of $88 per month, or $1,051 a year, with the exact premium depending on location, profession risk level, coverage limits, deductible, employee count, claims history and annual income. ⁵Company-reported. Errors and omissions product page cost section; a company-reported median from TechInsurance's own book of business, not a published rate table.

Hiscox's reviewed pages do not publish comparable premium figures for its professional liability product; specific pricing is shown only on a quote. ¹

Overlapping Technology Focus, Different Channels

Both companies name technology businesses among typical buyers: Hiscox's appetite guide lists IT consultants and software development among admitted classes, while TechInsurance names IT and software professionals, cybersecurity and SaaS companies specifically. ⁴ ⁵ Hiscox sells that coverage directly online itself, while TechInsurance arranges it through its own brokerage rather than underwriting it.

What Should You Confirm in Hiscox and TechInsurance Professional Liability (E&O) Insurance Quotes?

Confirm whether Hiscox sells this product directly in your state, since it excludes Alaska. ¹
Ask TechInsurance for a quote reflecting your own risk factors rather than relying on its published median. ⁵
Ask TechInsurance which insurer would underwrite your policy, since its page names none. ⁵
Ask both firms for the policy limit and retention, since neither publishes figures beyond TechInsurance's cost median. ² ⁵

Hiscox vs TechInsurance Professional Liability (E&O) Compared

Hiscox vs TechInsurance: Professional Liability (E&O) Insurance: documented features by provider

Criteria	Hiscox Professional Liability Insurance	TechInsurance Errors and Omissions Insurance
Who It’s For	Hiscox says professional liability is licensed for sale in 49 states and Washington, D.C., excluding Alaska, and that if it does not sell the product online in a buyer's state, a specialist broker may be able to help instead. ^1,⁴Company-reported. Company-stated jurisdiction for the online small-business catalogue; the appetite guide's technology classes (IT consultants, software development) illustrate typical buyers but do not guarantee acceptance for any one applicant.	TechInsurance targets E&O at businesses that provide professional services or advice, naming IT and software professionals, cybersecurity and SaaS companies, insurance agents, real estate agents, tax preparers and consultants as example segments, and notes it is sometimes required by state law or licensing boards. ⁵Company-reported. Errors and omissions product page, Who should get errors and omissions insurance coverage? section.
Coverage Features	Hiscox describes professional liability as a claims-made policy, meaning a claim is covered only if it is made (and typically reported) while the policy is active, rather than an occurrence policy covering incidents regardless of when the claim surfaces. ²Company-reported. Product FAQ description; exact triggers, retroactive dates, exclusions and wording are set by the issued policy.	TechInsurance says E&O insurance covers professional negligence claims, errors or incomplete work, breach of contract, missed deadlines, misrepresentation of skill level, and communication-related disputes, and pays legal defense costs and any resulting judgment or settlement. ⁵Company-reported. Errors and omissions product page; general policy description, not a specific policy form. TechInsurance says its E&O policies are claims-made, meaning coverage applies only if the policy was active both when the incident occurred and when the claim was filed, and recommends keeping the policy active or setting a retroactive date to cover past work. ⁵Company-reported. Errors and omissions product page, Why is it important to keep your E&O insurance policy active? section.
Role in This Line	Hiscox Inc., a licensed insurance intermediary, sells professional liability (errors and omissions) coverage directly online to small businesses as part of its Hiscox NOW admitted small-business catalogue. ^3,¹Company-reported. Company-stated online small-business channel.	TechInsurance arranges errors and omissions (E&O) insurance, also called professional liability insurance, as a standalone policy for businesses that provide professional services or advice. ⁵Company-reported. Errors and omissions product page.
Claims Support	A professional-liability FAQ tells current customers that the claims phone line is open 24 hours a day, 7 days a week, separate from the general claims-center hours listed elsewhere on the Hiscox site. ²Company-reported. Company-described claims-reporting availability for this product's FAQ; does not establish claim outcomes or turnaround time.	TechInsurance says that if a client threatens to sue, you contact your carrier directly, provide policy information and explain the circumstances, and the insurer's representative helps determine next steps. ⁵Company-reported. Errors and omissions product page, How does E&O insurance coverage work? section.