Any freelancers here who have been asked to setup a professional liability insurance? I’m curious to know the $$$ amount and how you reached it (what criteria did you use?)

It is reasonably standard for contractors here in the UK working through a limited company. The normal amount is either £1 million or £2 million

for the US I was advised to have higher level of insurance

I was required to have business insurance by one of the companies I worked for.... I ended up getting this policy https://www.hiscox.com/small-business-insurance/general-liability-insurance which cost $30/month