Professional Liability Insurance

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Canadian PLI Carriers

As a Canadian business owner, you should stop delaying. You need to take steps to acquire a sufficient amount of professional liability insurance as quickly as possible from If you work another day without insurance, you’re taking a major risk. On top of that, you’re putting yourself, your company, your family and your employees in a risky situation. Just remember that it is impossible to get insurance without finding a reliable insurance company. The good news is that there are tons of excellent professional liability insurance providers within the country of Canada.

Within this in-depth guide, you will learn a great deal more about these companies and their histories.

Intact Insurance

Intact Insurance is one of the most versatile insurance companies in the country of Canada. The company offers a wealth of insurance products, including car, home and motorcycle insurance. Andintact of course, they also offer professional liability insurance. The company was recently ranked the Highest in Customer Satisfaction when it comes to auto insurance claims. Intact just happens to be the largest provider of casualty and property insurance in the country with roughly $8 million in annual premiums.

The company was previously a subsidiary of the ING Group. The publicly traded company was founded in 1809. They are now based out of Toronto, Canada. Intact has roughly 6,000 brokers scattered throughout the county of Canada. When you need to acquire professional liability insurance, you should have no trouble finding a good broker that works with Intact.


AIG or the American International Group actually serves the United States and Canada. This publicly traded company was founded in 1919 in Shanghai, China. It is now based out of New Yorkaig City, New York. The company actually serves three distinct sectors, including consumer, commercial, and other operations. The company’s commercial insurance sector made up roughly 43% of its revenue in 2016. The company offers numerous commercial insurance products, including liability, financial lines, property, and even specialty risks. In the United States, AIG just happens to be the largest underwriter of commercial and industrial insurance.

They’re quickly growing in Canada as well. If you need insurance right away, you should definitely consider teaming up with AIG. There is a good chance that they’ll be able to provide you with the protection needed in a hurry.

Marsh & McLennan

Marsh & McLennan is another American-based company that offers professional liability insurance in Canada. This company was founded in Chicago, Illinois in 1905. They’re currently based out of New York City. Marsh is traded on the New York Stock Exchange and was ranked 210 on the 2017 Fortune ranking. The company’s insurance broking and risk management consulting business is known as Marsh. The company offers various products for specific industries, including healthcare, biotechnology, technology, media, accountants, attorneys, and so much more.

marsh and mclennan

Marsh works with attorneys, actuaries and economists to ensure that the client is protected from all potential exposures. If you need professional liability insurance in the country of Canada, you should definitely consider checking out Marsh. There is a good chance that they’ll be able to provide you with adequate coverage, so you can sleep soundly at night.


Chubb, which was founded in 1882, is now the world’s largest publicly traded casualty and property insurer. The company now has offices in 54 countries all around the world. They offer an chubbabundance of insurance products, including personal, casualty and commercial insurance. The company may be based out of Zurich, Switzerland, but they now offer insurance in the country of Canada. Chubb offers specialized professional liability insurance for various industries ranging from architects to auctioneers.

Chubb’s errors and omissions insurance and other professional liability solutions are designed to provide the client with the protection they need when they need it the most!

Aviva Canada

Aviva Canada, a wholly owned subsidiary of United Kingdom-based Aviva PLC, is an extremely popular insurance company, with offices located in Canada and London. The company insures thousands of avivabusinesses, motorists and homeowners. With more than 4,000 employees, Aviva Canada can process personal & professional liability insurance claim applications in a timely manner.

Aviva Canada works with both small and large business, with mid-market to industrial risks. Its agents are fully qualified to handle any type of situation, answer questions and assist owners choose the right coverage for their companies. Whether you are looking for professional liability insurance coverage or commercial vehicle coverage, Aviva Canada has you covered.

Aviva Canada has a claims service satisfaction rate of 93 percent, which shows how committed the company is to its clients.

Travelers Canada

Travelers Canada is a leading provider of commercial insurance. In fact, the company specializes in commercial insurance for a wide variety of industries. Whether you own a convenience store or manufacturing travelersbusiness, Travelers Canada has you covered.

Travelers Canada offers many insurance products for commercial customers including:

  • Buildings
  • Business Income
  • Commercial general liability and automobile
  • Excess liability
  • Cyber errors and omissions
  • Business income

The agent will sit down with you to customize a policy that will fit your suit your personal and business needs. Travelers Canada also has a reputation of processing claims in a timely manner. Plus, they back their services up with a 100 percent customer satisfaction guarantee.

AXIS Professional Liability Insurance

AXIS is an insurance provider that specializes in professional liability insurance. With years of experience axis logoand knowledge in the field, the company is backed by a proven track record that would impress even the most experienced companies. Although, they do have a branch based in the Canada region, AXIS is a worldwide provider that offers coverage in a variety of different areas throughout the world. Some of the industries that they specialize in are media relations, film and entertainment, cyber technology, design liability, and lawyer liability.

LIA Administrators And Insurance Services

With over 125 years of combined experience amongst their highly qualified team, there really isn’t anything lia logothat the LIA Insurance Services hasn’t seen before. Lead by their President, Robert C. Wiley, LIA Services currently has over 15,000 open policies. Claudia Gaglione, who is a capable and nationally recognized attorney, heads their highly skilled legal team. Since their opening in 1987, the LIA Insurance Services Company hasn’t done anything but grow and provide. With all that being said, the firm truly believes that it is their experience, knowledge, legal expertise, and excellent customer service that sets them far apart from the competition.

The National Association Of Professional Agents (NAPA)

Since 1989 NAPA has been providing customers with specialized professional liability insurance that is napa logotailored made for their specific needs. While Lou Marinaccio first founded the company in Chicago, Illinois, it has since spread nationwide, including all the way to Canada. Lou still remains on the team as a senior consultant to ensure that the company holds true to its business model, brings benefits, services, and knowledge to the business owner. With over 100,000 nationwide insurance agents, NAPA truly has the ability, expertise, knowledge, and experience to specialize and customize your needs in one affordable professional liability package.

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How Do a Professional Insurance Claims Work?

As a business owner in Canada, you probably already know that there are some customers that are never pleased. It doesn’t matter how far above and beyond you go for them. You just can’t make them happy. With that being said, this might result in a claim being filed against your insurance. Of course, this is one of the main reasons that you have professional liability insurance in the first place. Do not delay this process and there is a turn around time with getting professional liability. This whole situation can be disheartening. Your first response might be to fire back at the customer with a nasty response, but this would be a major mistake. Before you react irrationally, you need to completely understand how a claim works and all the aspects surrounding it.

Getting In Touch With Your Provider

No one wants to be sued, and no one ever expects that it is going to happen to him or her, but you might be surprised to learn that 13% of small businesses are sued. 47% of small businesses says that these charges have had huge negative consequences on their company’s revenue. Whatever the situation is, you need to know that once a claim has been filed, your first course of action should be to get in touch with your insurance provider. Even if you suspect that you are being sued, you need to get in touch with your provider immediately. In fact, most professional liability claims are written as a claims-made policy, so not getting in touch with your provider could put your coverage at risk.

Always Prepare The Proper Documentation

The problem with most small business owners is that they are so flustered by a claim that they hide documents that they think that could potentially hurt their case. However, the truth is that this documentation could actually clear their name. Some of the information that you need to gather and have ready for your provider is contracts, e-mails with the client, service contracts, receipts, and invoices. Just keep in mind that holding back information is only going to make your provider and lawyer unprepared, so always be ready to turn over all necessary documentation.

Filing The Claimprofessional liability claim

In most cases, the customer will contact a company before they decide to file a claim. This gives the company ample opportunity to attempt to settle the claim. If a settlement cannot be reached, the client will then file the claim against the company. This process is never easy, since it involves doing research, proving your case and gathering the needed information for the claim to be processed.

To file the claim, it takes a lot of determination and diligence to even get the complaint to the right person. One thing is for sure the plaintiff will need to gather information about the incident, parties involved and the process they took to attempt to settle the case. If the incident involves a product that caused an injury, you will need to provide the insurer with the details of the product, including warranty information and serial numbers.

If the incident involves accidental or intentional damages caused by an employee, you will need to include the names of all people involved, date of the incident and the details of the incident.

Investigating The Allegations

In today’s world, some people who are strapped for cash will utilize proceeds from lawsuits to pay for their living expenses. Frivolous lawsuits are just as damaging for a company as legitimate claims. It is up to the brokerage or insurer to make sure the allegations are legitimate. Through investigation, which can take anywhere from a few days to several months or years, insurers can determine if the allegations are frivolous or legitimate.

Once the application is received, the insurer will initiate an investigation. They insurer is a neutral source, so they will not lean toward the plaintiff or the company.

Working With The Provider

Your professional liability insurance provider is going to provide you with a lawyer and it will be essential to work with him or her to get the issue resolved as soon as possible. You want to free your schedule for meetings, answer every question, have all your records prepared and ready, create a timeline of the events leading up to the claim, and be ready to negotiate a settlement. During the whole process, if you feel more comfortable, you can have your own personal attorney present.

You Can Possibly Stop A Claim

It is pertinent to realize that you are the business owner and you will always be in charge to some degree. This doesn’t mean that you’ll be able to completely end each and every claim that you face. Nevertheless, there is always a chance that you’ll be able to successfully negotiate outside of the courtroom. You should always make clients aware that they’re able to contact you at any given time. Your customers should be willing to contact you and make complaints whenever they see fit. Criticism is always bad, but it could play into your favor.

By addressing criticism and complaints as early as possible, there is a possibility that you’ll be able to solve the client’s problem outside of the courtroom. In return, this could help you avoid the claim process all together. Unfortunately, this doesn’t always happen. If a claim is ultimately submitted, you’ll need to contact the insurance company to learn how to move forward.

Consult With The Broker

talk to a brokerYou should remember that almost all Canadian insurance companies require you to work with a broker for professional liability insurance. When attempting to sign up for insurance with Aviva or Intact, you’ll need to find a broker. With that being said, you would probably think that your broker would be able to help you with claims as well. This is sometimes true, but it is not always the best way to move forward. The unfortunate truth is that a lot of brokers know very little about the claims process. Therefore, some of them will not even be able to help.

Before working with a broker, you should make sure that they know all about the claims process. Be sure that your broker will actually be able to help you solve claims filed against your company. This will help to ensure that you’re able to get assistance from your broker when you need it the most.

Insurance Provider Decides

You should remember that it is the insurance company’s job to decide who wins the claim. Once they’ve received testimony and documents from both parties, they’ll begin investigating the situation. After a thorough investigation, the insurance company will either side with the business or the consumer. There is very little that you can do at this point. You simply have to wait it out and see what the company decides to do. Depending on the outcome of the claim, there is a possibility that it could lead to a civil lawsuit.

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What is the Cost?

If you own a business in the Ontario area or anywhere in Canada, you probably already know that professional liability insurance is something that is absolutely necessary. Regardless of howprofessional liability insurance cost cautious or careful you are, there is always a chance that mistakes could occur and that is where professional liability insurance comes in handy. While the law might not require this type of insurance, it would be a huge mistake for anyone to go into business without it. With that being said, you need to know that there are a variety of factors that can determine what you will pay for professional liability insurance. Below, you will discover some of the factors that can determine your cost for professional liability insurance.

The Size Of Your Company And Employees

There are lots of benefits to being a bigger company. Unfortunately, being a bigger company doesn’t mean that you are going to get lower insurance rates. In fact, when it comes to qualifying for professional liability insurance, if you have more employees, you can expect to pay a higher premium. Since professional liability insurance covers your employees, it means that your company is at a higher risk, and that is why insurance providers charge larger companies more money. A comprehensive training program may be able to help offset the increased costs to some degree.

The Type Of Industry That You Are In

It might seem completely unfair, but another factor that can impact the cost of your professional liability insurance is the type of industry that you are in. Insurance providers consider some industries to be riskier than others. If you fall into this category, you can expect to pay more. With that being said, just because you are in a high-risk industry, it doesn’t mean that you should skimp on this policy. In fact, individuals in a high-risk field should be more inclined to get this type of insurance. Statistics suggest that only around 44% of small businesses make it after 4 years. Unfortunately, the other 56% end up closing their doors due to frivolous lawsuits and other similar problems.

By protecting your company to the fullest, there is a possibility that you’ll be able to keep your business operational well beyond four years!

professions that need insurance

The Location Of Your Business

The region that you are located in can also make a difference in the amount of money that you are going to end up paying for a professional liability policy. For instance, businesses in the Ontario area can expect to pay more for a professional liability insurance policy as compared to businesses in the Toronto area. Each area is unique. If you operate a business in an area that receives a lot of insurance claims, there is a pretty good chance that your premiums will be higher. Unfortunately, this is something that most business owners will not be able to change.

Well Written Contracts

Contracts are a very important part of any business negotiation. What you might not know is that well written contracts can make all the difference in the world. For instance, if your contracts are poorly written and don’t cover your company well, this means that you are at a much greater risk of a lawsuit. On the other hand, if your contracts are in-depth and comprehensively cover every aspect of your company, you can expect to pay lower rates. This is why it is imperative to have a professional business lawyer scan all your contracts with a fine toothcomb. This can go a long way in reducing your rates and exposure.

Team up with a lawyer to ensure that your contracts protect your company to the fullest. Do this and there is a good chance that the Canadian insurance companies will discount your premium.

Company History

When signing up for personal insurance, there is a pretty good chance that the insurance company is going to delve into your history. Since 2012, automobile insurance costs have increased by as much as five-percent in many areas. Much of this has to do with the increased risks. Today, there are more drivers on the road and that equates to a great risk of crashes. When signing up for professional liability insurance, you can pretty much guarantee that your company’s history will be evaluated thoroughly.

Has your company been sued in the past? Have you been forced to deal with insurance claims? If you answered yes to one of these questions, you can pretty much guarantee that your insurance costs will soar higher and higher. To ensure that your insurance costs remain minimized, it is pertinent to keep your company out of trouble.

The Insurance Company

In the country of Canada, there are numerous liability insurance providers. Hiscox, Intact, Bullfrog and Aviva are a couple. After the upcoming merger between Intact and OneBeacon Insurance, Intact will have an annual premium value of $1.5 billion dollars. Bullfrog tends to be much smaller. Suffice to say, there are numerous differences between these companies and you’ll want to learn as much about them as possible, before handing over your money. In many instances, the premium costs will vary slightly from one insurance provider to another.

It was recently concluded that the annual cause of general liability insurance was $741 per year or $62 per month. Approximately 54% of small business owners paid somewhere between $400 and $600 for their insurance policy. By shopping around, there is a good chance that you’ll be able to swing the numbers into your favor.

Industry Specifics

In many cases, the company will need more than liability insurance for professionals. They may also need vehicle insurance and workers’ compensation. It is absolutely pertinent to get all of the coverage you need from the beginning. Generally, it is best to get all policies from a single company. This will often help you acquire a discount. Speak to the various insurance companies about an industry specific policy. This will help you acquire only the insurance you need for the lowest cost! In some cases, a small business may only be required to pay $500 a year for the insurance needed.

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How To Apply For a Professional Liability Insurance Policy

The simple application process

insurance application form

In Canada, professional liability is absolutely vital for any type of business that provides a product or service to the public. This is especially true for small businesses, since many small businesses have been shut down due to frivolous claims, lawyer fees, and court costs. With that being said, it only makes sense that you would want to cover your bases and make sure that you and your employees are protected.

However, if this is your first time going through the process, you might not know what to expect or even how to go about applying. Even though the process is fairly straightforward, it never really hurts to be prepared. Good preparation can speed up the process and make everything so much smoother. Below, you will learn exactly what it takes to apply for professional liability insurance.

Gathering Your Financial Information

You might be surprised to learn that filing for professional liability insurance in Canada is much easier than filing taxes. In fact, the only financial information that you are going to need is your revenue and payroll. For instance, you will need the revenue for the current year, estimated amount of revenue for the next year, the revenue of your largest client, and your total payroll. Gathering all this information beforehand will ensure that you are prepared. It will also make the whole process quicker.

Collecting All Your Business Information

Some other business information will be required in order for the provider to provide you with a policy that is specifically suited to your business’s needs. While this information is pretty basic, it never hurts to know what you need and to be prepared ahead of time. Some of this additional information might include your business contact information, the number of employees that you have, when your business came under its current ownership, your type of business structure, and a brief description of the type of industry that you are in. Make sure that you have all of this information on hand, before moving forward.

With A Broker

The truth of the matter is that each insurance company in Canada is different. Some companies will make the signup procedure as quickly as humanly possible. They’ll offer an online application, so you can sign up within a few days. Other companies will force you to jump through more hoops. There are many Canadian insurance companies that will require you to consult with a broker. Aviva Canada and Intact both do this. If you want to get insurance with one of these companies, you’ll first need to consult with your broker.

Of course, this isn’t always a bad thing. Remember that a broker will always work on your behalf. They’ll do everything humanly possible to ensure that you get the best deal. The broker will help to ensure that you get the coverage needed, while also allowing you to get the lowest cost. Working with a broker might slow down the qualification process, but the broker will help significantly.

Meet In Person

In some cases, it might be best to take a day off of work and meet with the insurance company representative in person. Pretty much every insurance company in Canada has at least two or three locations. Then, each company will work with thousands of brokers. Intact has a network of roughly six thousand brokers and they’re strategically located throughout the county of Canada. This is definitely a good thing, since it means that their brokers are almost always easily accessible.

Take the time to visit Intact or Aviva’s official website. Then, you will be able to find one of their brokers. Find the one that is closest to you and visit them personally. Just make sure that you bring all of your financial and business documents. Having these things on hand will help to ensure that you’re able to get signed up as quickly as possible. Speaking with the broker in person is often a good idea. This will help you determine whether or not the broker and the insurance company are right for you!

If you have any doubts or feel awkward in any way, you should not hesitate to go elsewhere.

Apply By Snail Mail

snail mail option for professional insurance
If you are a self-conscious individual that worries about identity theft, you may want to consider applying for professional liability insurance through snail mail. While this option is not the quickest way to obtain coverage, it is one of the safest options. In fact, with this option you will be able to skip the online process, which poses risk of identity theft.

To apply for professional liability insurance through snail mail, you will need to start by obtaining an application form. You can either pick the form up from your local insurer’s office, request a form through email or print it off from the insurer’s website. Once you have the application in hand, it will be time to start gathering the information needed to complete the process.

If at any time you reach a roadblock you can contact a broker for assistance. Once you complete the application, you will be ready to submit it to the insurer. Be sure to note if the insurer requests any copies of your financial or business documents, because these will need to be submitted along with the application.

As much as you would like to see the task completed, you should never rush it. By taking your time, you will be avoiding any potential mistakes, while ensuring everything the insurer needs to process the application is included.

How Much Time Does It Take To Process The Application?

Once the application is submitted to the insurer, the next step will be the responsibility of the insurer. Processing any application for the purpose of professional liability insurance complex task that may take anywhere from a few hours to several days. The insurer will not only need to input the information into their computer database, but also will need to verify the information you provided them. Most Canadian insurers do not work on the weekend, so you should not expect to receive a response during this time.

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How To Qualify For Professional Liability Coverage?

One step at a time

As you likely already predicted, you’ll first need to qualify for professional liability insurance before you can get covered. You may feel like you’re jumping through one hoop after another, but you’ll quickly find that the effort is well worth it. In 2015, Canadian insurers wrote more than $51 billion in direct written premiums. At the same time, property claims as a percentage have climbed immensely higher over the last decade. In 2015, the number rested at 30.9%.

Canadian companies and consumers are considered to be a little risky. Therefore, Canadian insurance companies, such as Trisura and Premier Marine, will do everything possible to keep their own risks to a minimum. This is why you’ll need to qualify, before you can get professional liability insurance. Below, you’ll learn about the qualifying process.

Finding A Broker

broker shaking hand with client

In many situations, the insurance company will not sell insurance directly to the business owner. Instead, they’ll require the insurance company to work directly with an insurance broker. The good news is that there are thousands of excellent insurance brokers in the country of Canada. Intact is one of the largest insurance providers in Canada. This company claims to have a network of more than six-thousand brokers. And, these brokers are located throughout Canada. This is definitely a good thing for business owners.

The insurance broker or agent will be responsible for negotiating on your behalf. They’ll be able to help you qualify and they’ll go to great lengths to ensure that you get the lowest premiums possible. If you run a business in Canada, you would be very wise to work with an insurance broker to get the professional liability insurance that is needed.

Evaluating Your Risk

When applying for professional liability insurance with ProfessionalsCoverage, Zurich, Intact or Aviva, you can pretty much guarantee that the insurance company wants to make money with the minimum risk. This is why you will be required to qualify for professional liability insurance. These companies will go to great lengths to ensure that they choose businesses and business owners that pose the smallest risk humanly possible. They’ll scour through your company’s history to determine how much of a risk you will pose. If you work in a riskier industry and have experienced claims in the past, there is a good chance that the insurance company will be hesitant to take you on as a client.

Depending on the company in question, you may be disqualified. Others may offer you insurance, but you’ll probably be required to pay a higher premium.

Getting A Quote

If you ask a Canadian insurance broker how to go about obtaining professional liability insurance, most of them will recommend starting with a free quote. There are several ways to obtain a free quote, including online at the insurers website, phone line or email. While most business owners will prefer the online method, others do not mind waiting a little longer to obtain their free quote.

When applying for a quote online, you will need to access the insurer’s website, which can be found button to click for quotingthrough a brief search inquiry. The free quote option should be located on the homepage, if it is not you should find a link that will lead directly to the quote form. Just click on the link and begin completing the form, which is fairly simplistic and understandable.

Most quote forms are similar, as well as the process. So, you should be prepared to answer a few questions as accurately as possible. The first question will be related to the type of industry your business works in, which can include anything from auto and cleaning services to healthcare. Once you answer this question, you will be directed to enter the type of service you offer consumers. For instance, if you own a manufacturing company, your services will involve apparel, food, glass, jewelry, metal, wood and others.

The next step of the process will entail inputting information about your business into the form. This is a very simple step, since you only need to provide the mailing code and the name of your business.

The entire process should not take any longer than five minutes. It is important to note that quotes are never precise, so there will be a slight difference in it than the actual quote. The purpose of the quote is to provide business owners with an overall average cost, giving them something to base their budget on.

Examining Your Client Contracts

As a business owner in Canada, you probably already know that contracts are hugely important when it comes to doing business safely and effectively. However, what you might not know is that your client contracts can also determine if you qualify for professional liability insurance. Anytime you get a quote or apply for professional liability insurance, the provider is going to ask to see your client’s contracts. These contracts not only define your obligations to the client, but they also limit your liability. Some additional questions the insurance provider might ask are how often do you use contracts, do you ever update these contracts, and what exactly do you use these client’s contracts for?

Going Through The Application Process

application for insurance

When it comes to applying for professional liability insurance, most of the information that you will be required to provide will be pretty basic. However, it still might not be information that you might know right off hand, so it helps to go into the application process prepared. Of course, every provider is different and some might ask for different information. For the most part, providers are going to want to know the name of your business, the location of your business, the current number of employees that you have, when your business came under its current ownership, contact information, number of years that you have been in your current industry, a close estimation of your revenue for the upcoming year, and the amount of coverage that you want.

It is absolutely pertinent to make sure that you have all of this information on hand, before moving forward. It will help to make the application process so much quicker and easier.

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Purpose Of Getting Insurance for Professionals

In the country of Canada, businesses will face a wide variety of risks. They’re always at risk of being forced to deal with a disgruntled client. If you’re unable to calm the client, there is a good chance that they’ll try to take the argument to a whole new level. This could result in a lawsuit against your company. In the country of Canada, many businesses have been forced to shut down, due to lawsuit settlements. You’ll definitely want to avoid this at all costs. You can do just that by getting educated about professional liability insurance by going to this link.

Below, you’ll learn about the underlying purpose of this type of insurance.

Protect Your Business

business protection

When it comes down to it, there is one main reason for getting professional liability insurance. Whether you’re covered by Aviva, AIG or another from the list of Canadian professional liability insurance providers that, the insurance will always serve the same purpose. It will be there to protect your business from lawsuits. This insurance will provide you with protection from frivolous and legitimate lawsuits. Once you’ve gotten covered by a sufficient amount of professional liability insurance, you will have a safety net and shouldn’t have to worry so much about going into bankruptcy, due to a frivolous lawsuit.

Protecting Your Family

You should understand that you are not the only one that depends on your business for a steady income. Your family and loved ones do so as well. These individuals would be in trouble, if your company was suddenly forced to shut down. They would no longer be able to afford the necessities that they need to live happily and thrive. This is another major purpose of professional liability insurance. This insurance will help keep your business up and running, so you can continue providing for your loved ones. Get covered today, so you can know for certain that your family members will have access to life’s necessities tomorrow.

Protects From Inaccurate Advice

Some professionals make a living by providing advice to others. There is a good chance that you offer legal or financial advice to clients. If this is the case, you should understand that your advice could lead to major problems in the future. If you make a mistake and offer inaccurate advice, you could very well be held liable for your mistake. If the client has lost money or got injured due to your advice, you will be at risk of being hit with a major lawsuit. This is another reason that your company should be covered by professional liability insurance.

professional broker giving insurance advise

Covers All Or Part Of The Settlement

Most Canadian companies will do whatever is necessary to settle a claim, before it ends up in court. In fact, this is the best and most affordable way to settle a claim with an employee or client. If you wait until the plaintiff files a lawsuit against your company, you will be forced to pay more, since you will be responsible for the court costs. Also, you will need to hire a litigation team, whereas you could have possibly reached a settlement with the plaintiff with or without an attorney.

Settling a claim in or out of court can be rather expensive, especially if you have to pay the full amount out of pocket. With this said, if you were covered under a professional liability insurance police, you could have possible scathed by only paying part of the settlement. In some cases, businesses have been able to rely on their policy to cover the entire amount of the settlement.

Covers Temporary Staff

Many small and large companies rely on staffing agencies to fulfill their business obligations. This option prevents companies from needing to hire a full-time employee. The staffing agency will provide you with a temporary employee who will perform necessary duties for a specified amount of time. Temporary workers are just like full-time workers, as they can make costly mistakes that will put the company in jeopardy of losing a large sum of money.

Accounting, development, installation and manufacturing errors are only to name a few mistakes that can pose financial risks. If you find yourself in this situation and are covered under a professional liability policy, you will not have to worry about these risks. The policy not only covers your permanent, full-time employees, but also covers independent contractors and temporary staff.

Employee Coverage

If you own a large business, you probably already know just how challenging it is to always keep an eye on your employees. Sure, you can train them the best you can, make them attend weekly meetings, and hire someone to watch over them, but the truth of the matter is that they are going to make mistakes from time to time. Unfortunately, sometimes these mistakes could lead to major financial loses for the client or customer. When this happens, the customer is going to come to your company seeking reparations. This is where professional liability insurance can come in handy. Professional liability insurance will cover any financial loses that are experienced by the customer, in the event that you are found liable in a court of law.

Covering Lawyer Fees

Being located in Canada, you should be aware of the fact that most lawyers charge by the hour, which can be pretty expensive in some cases. In fact, there have been a lot of small businesses that have been forced to close down operations or settle cases that they could have won, just because they could not afford to pay their legal legal cost coverage on insurance packagefees. However, when you invest in professional liability insurance this is something that you and your company will never have to worry about. Professional liability insurance will cover your litigation fees throughout the investigation and court processes.

Court Costs

In addition to paying expensive litigation fees, you are going to be required to file documents and pay deposition fees, which all can add up over time. However, this is where professional liability insurance can come into play, because it will literally cover all these costs, along with the time your lawyer puts into preparing the documents.

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How Long Does it Take to Get a Quote?

As you probably already know, it is absolutely necessary to get covered by insurance as early as possible. You never really know when something is going to go wrong. Therefore, you should always be protected. At any point in time, you could experience a problem that could turn your life upside down. You may wind up being injured and this could require you to spend a lengthy duration in the hospital. Or, you might get hit with a lawsuit and that could put your company’s future at risk. It is in your best interest to get in touch with companies like Aviva or Intact today to get professional liability insurance.

Just remember that it is not always possible to get covered in a few hours. There is a bit of a wait. Below, you will learn more about the turn-around times associated with getting professional liability insurance.

Getting Free Quotes

Many times, the best way to start the application process is by getting a free quote. Many of the top insurance companies in Canada will allow you to get a free quote online. However, some do not. Intact will require you to work with a broker to get the insurance that is needed. If you’re able to acquire a free quote online, you should definitely do so. Generally, the free quote will be returned within a matter of minutes or hours. However, you should be realistic about free quotes.

pli quotes

It is absolutely pertinent to realize that the free quote application usually has nothing to do with the insurance application. The quote just gives you an idea of what you’ll pay. Once you’ve completed that step, you will need to fill out another application and submit it with the insurance company. Then, the company will determine your eligibility and provide you with a final premium.

Working With A Broker

Working with an insurance broker is generally a good idea. In Canada, the insurance broker will help craft an insurance policy that is customized to best suit your company’s unique needs and your preferences. Just remember that an insurance broker will throw another speedbump into the equation. This individual will act like a middleman. Generally, you’ll consult with the broker and the broker will speak with the insurance company.

Therefore, working with a broker can slow down the process to some degree. Nevertheless, some companies, such as Intact, will often require a broker. And, the broker will work in your best interest to get the lowest cost for professional liability insurance. With that being said, it is a good idea to work with a broker even if it does slow things down to some degree.

Business Complexity

There are tons of businesses in Canada and each one is unique in one way or another. With that being said, there is a good chance that your business will differ from a neighbor business. If you have a greater number of employees and have been in business for many, many years, your business might be considered more complex. It will normally take insurance providers a little bit longer to evaluate more complex companies. They’ll go to greater lengths to determine your risks and more employees can make that more difficult. If you run a business with hundreds or thousands of employees, you should slow down and give the insurance company time to analyze your business.

How Long Does The Application Process Take?

While most insurers and brokerages will guarantee a simplistic and quick application process, this is not always the case. In fact, the application process will vary, depending on the size of your company, number of employees, your needs and experience in such matters.turn around time for insurance

The application process is not even similar to obtaining a quote, because the process is much more in depth. In fact, you will be required to provide the brokerage with documents for verification purposes. You will need to obtain these documents from your financial institution and business and personal files.

Also, you will need to know what type of protection coverage your business will require. While some company will choose the basic protection option, it not always the best choice. If your business provides professional services, give advice to customers or is required to complete a contract, you will need to obtain professional liability insurance.

You will need to make all of these decisions and gather all of the required documents prior to starting the application process. Even with all this data in-hand, you may still need to stop amid the process to search and obtain more information.

Different Turnaround Times For Different Companies

If you have been in the market for professional liability insurance, you probably already know that every company is different. In fact, you have probably gotten tons of quotes only to find out that none of them are the same. You have probably also noticed that you have been getting asked different questions during the application process. This is because every insurance provider out there is different. While they all use similar practices and tactics, no two companies are the same. This means that the turnaround time can vary depending on the company that you are using. Some companies might be able to provide you with instant proof of insurance over the Internet, while others can take anywhere from 1 day to a week.

Whatever this situation is, make sure that you are weighing your options before signing up with any provider. If you need instance coverage, look for a provider that truly has your best interests in mind, while providing you with instant coverage. Never go with a provider just because they can provide you will quick proof of coverage.

Evaluating A High-Risk Company

Some companies are considered high-risk due to the industry that they are in or due to the fact that they have had several claims filed against them. As a high-risk company, it can take longer for you to acquire a policy than it would a company that is not considered high-risk. The reason for this is because most insurance companies don’t like to take risks and they must evaluate every possible scenario before issuing you a policy.

With that being said, if you are in need of immediate coverage, you might want to consider doing business with a provider that specializes in high-risk companies. You will probably end up paying more, but you will get the coverage that you seek in half the time.

high risk professionals for underwriting

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Engineers Liability Insurance and Engineer Insurance Quotes

How to Find the Best Engineers Liability Insurance Quote Online

When you are an engineer, you want to make sure that you have all of your bases covered. Not only do you want to protect yourself, but you also want to protect your clients. While you will always do your best to make sure that everything you do in your profession is safe and correct, people do make mistakes, and the unknown can come back to bite you. For this reason, it is important to have engineer’s liability insurance.

Getting such insurance is not difficult, but finding the best rate can be time consuming. The easiest way to find the best engineer’s liability insurance quote is to go online. You can quickly gather information and quotes from many companies. However, there is more to finding the best quote than going by the lowest price.

There are many things you should look at when deciding which engineer’s insurance quote is best for you. You will want to look at what circumstances are covered by the insurance, as well as what the limits are for coverage. You will also want to look at things such as the deductible. All of this will come into play when you are getting quotes. Remember that the best engineer’s insurance may come at a price. However, with some research and comparison, you should be able to find insurance that will meet your needs, protect you and your clients in a variety of circumstances, and still be affordable.

In the end, it is all about protection. It is about what you can afford also, but most importantly it is about what you cannot afford to be without. Without this coverage, or with low coverage limits and high deductibles, you will not be protected in the event that something was to go wrong. However, with the right insurance, you can be confident that your business will be successful regardless of bumps in the road along the way.

Engineers liability Insurance

Engineers liability insurance is advisable for engineers. However, if you know that accidents can happen in your line of work and you are unable to pay for lawsuits and correcting architectural errors, then engineers liability insurance will help you to avoid a financial disaster. If a claim is laid against you, then you will have to pay for everything that you are liable for. If you cannot afford to pay professionally, not only will your business be finished but you will also be ruined personally. There is no reason to place this burden upon you when there is engineers liability insurance.

Our Canadian Insurance Brokers are one of the best Engineers liability insurance providers in Canada. Insurance is our business not yours so we understand that this can be a difficult are to understand which means that our personal risk managers will take you through the insurance process step by step with easy to follow language. We will help you find the right insurance policies that will cover you entirely from financial responsibility. You will be protected and secured under our policies with guaranteed low prices.

Our Insurance Brokerages perform to achieve client satisfaction which makes us an ideal broker for insurance for engineers. Your information will stay confidential while using their services and you can feel secure while you are protected under their Engineers liability insurance coverage.


Get a quote for your coverage now!

Professional Liability Insurance

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Malpractice Insurance

Malpractice Insurance

Protect yourself and your profession with ProfessionalCoverage’s endorsed top quality, cost-effective Malpractice Insurance cover for doctors and staff. Our team in collaboration with the best professionals in insurance bring you the best chance for you to cover yourself against malpractice. Don’t leave your trust to just anyone, our insurance cover program for malpractice is just the right one for you. Implement Now!

ProfessionalsCoverage Insurance Services delivers you professional top quality, cost-effective Malpractice Insurance for medical staff. When you need security — you want a company that provides the best coverage against malpractice! The Professionalscoverage is the only medical malpractice service provider that has sustained all three medical downturn (over the past several decades) and Malpractice Insurancethrough it all, has offered excellent security to its clients. Remarkable economical durability, along with security benefits such as protection against dental malpractice, among any other related medicinal field, we are definitely the place to begin the journey insure yourself.

Malpractice insurance plan is not a product. There are important variations in guidelines and assuring organizations. Each season, over 35,000 oral practitioners choose to guarantee with total safety and they achieve this every time they are insured by our company.

We have the financial strength, as a malpractice insuring company that has been effective for more than a millennium, we offer our clients unrivalled balance. We take every declaration seriously. You will be secured by our expert statements group that provides victories in 95% of all cases.

We have offered medical practitioners genuine acceptance to negotiate for over a millennium. No declaration will ever be resolved without your consent, no exclusions. Save lots of money with our organization that provides professional liability insurance.

We are definitely the best solutions for New Dentists. We are the top insurance provider of new oral practitioners. A wide range of plan type choices and new oral expert discount rates are available. You can easily get insured by our malpractice coverage policy by visiting our site, at and getting yourself a free quote.Professional Liability Insurance Ontario

We all know malpractice could cause a great damage to your career. However, don’t fight the lawsuits alone. Get help from our experienced insurers who will always be there for you throughput your career. Our insurance brokerages are very dedicated and reliable. You can never place your livelihood and career in any better hands than by getting a malpractice coverage that will protect you from unforeseen disasters along your career path.

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Errors and Omissions – Contractors

Errors and Omission Insurance Policy

Ontario Contractor insurance company offers Errors & Omissions Insurance policy which is a form of responsibility developed to secure artist contractors from prospective responsibility exposures as a result of errors in the insured’s job, or irresponsible functions of a subcontractor or a separate specialist employed to work on the insured’s behalf. This type of policy is developed to shield you above and beyond the security generally offered by extensive common insurance. Ontario Contractor insurance offers useful security for artist contractors.

Someone might ask, why do little contractors need Errors and Omissions coverage? Well, in today’s aggressive and litigious atmosphere, little contractors face many prospective risks. Customer’s objectives are greater than ever before, and they are quick to declare carelessness in a contractor’s work. Even simple problems have the prospective to increase into lawful conflicts. The aggressive market and difficult economic system put further stress on contractors to do more tasks within smaller edges, revealing them to expensive errors in their perform product.Contractors Insurance
Most contractors have General Liability insurance (GL) guidelines, but these remove “your work,” “your product” and “impaired property.”
In the past, errors and omission security had not been commonly and reasonably available to little contractors. Now Ontario Contractor makes top quality security available to little contractors such as electrical engineers, plumbing technicians, artists, air-conditioning experts, heating professionals, complete craftsmen /ventilation/, chosen specialized business contractors and others.

With our Companies Errors & Omissions insurance, little company proprietors are now able to obtain top quality security at affordable rates. Similarly, they enjoy many benefits from our insurance and here are some of these merits you too could be looking forward to.

What are the benefits of Ontario’s companies Errors & Omissions Coverage aka Professional Liability Insurance?

  • We reinsure the contractor’s errors and omissions visibility 100%
  • Dedicated statements maintenance from knowledgeable declare professionals
  • Legal reflection offered by knowledgeable law firms
  • Risk free income flow to the Customer Company via ceding commission
  • Protects providers from errors and omissions exposure
  • Training for providers, underwriting and statements personnel
  • Comprehensive marketing and marketing communications support

Not everyone however might be legible for this type of insurance. However, most small contractors, topic to qualifications specifications are some of the beneficiaries of this type of policy.
Those are not the only contractors who can be protected by this law, here are some of the over 40 qualified sessions such as rug installers, equipment installers and electricians; heating/ventilation/air-conditioning experts (including traders, suppliers, set up, service or repair); barrier construction contractors; complete woodworking contractors; painters; choose specialized business contractors; plumbing technicians and more.

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