Professional Liability Insurance for Paralegals

Paralegals are absolutely essential to the justice system in Canada. And of course, Ontario just happens to be home to some of the country’s best paralegals. In fact, it is often said that Ontario has paralegal professional liability insurancesome of the best paralegals in the world. Paralegals are highly skilled individuals who are responsible for helping lawyers, corporations or governmental agencies. As a paralegal, you undoubtedly have an abundance of responsibilities on your shoulders. Paralegals might not be lawyers, but their responsibilities are just as stressful. Anything could go wrong. You just never know when something is going to go awry. You could mix up the paper and that could result in your client losing the case.

Equipping yourself with paralegals professional liability insurance policy is highly recommended. After all, the future is unpredictable. If something goes wrong, you want to make sure that you’re protected to the fullest. With the right professional liability insurance broker for paralegals and the right add-on coverages, you’ll be able to defend your company from pretty much every problem you will ever face. If you work in Ontario as a paralegal, you’re going to need to protect yourself with paralegal PLI insurance immediately! Otherwise, you’re going to risk everything.

 

Other Coverages other than Professional Liability

Professional liability insurance for paralegals is vital for protecting your company from incidents rising from your services. The insurance will protect you from liability caused by negligence. Getting limits as high as $1,000,000 per claim and $2,000,000 annually is highly recommended. Just remember that a professional liability insurance policy is not going to cover everything. There are some additional add-on coverages that are also recommended. Which ones are essential for Ontario’s top paralegals? You’ll find out below.

Property Insurance

Paralegals often work in the courtroom. Nevertheless, they have offices somewhere as well. After all, you have to do your research somewhere, before battling it out in the courtroom. This is why it is recommended that you acquire property insurance. Choosing a policy with at least $100,000 of blanket coverage is recommended. This will protect pretty much everything including computers and related materials. This coverage may also protect in the event of business interruptions and building damage.

Employee Dishonesty Insurance

As a paralegal, you may have an assistant or two. Scouring through the evidence on your own can be immensely difficult and time consuming. Two sets of eyes will usually be best. This is why you should think about getting employee dishonesty insurance in addition to insurance for paralegals. Getting as much coverage as $10,000 per item is best. If your employee does something deceitful, this insurance will protect you!

Commercial General Liability

There is also a good chance that you’re going to need commercial general liability insurance. After all, a lot of your clients visit your offices to get the assistance that they require. Commercial general liability can protect a company from bodily injury and property damage disputes. Since your line of work is less risky in this area, you should be fine with limits of $1,000,000 per occurrence and $2,000,000 annually. Nevertheless, you should not take the risk of not having this type of insurance.

Depositors Forgery Insurance

Your company is likely going to be accepting financial instruments, such as checks. If this is the case, you need to protect yourself with forgery insurance. This insurance will protect your company from losses and damages caused by forged and faked financial instruments. It is indeed true that this is pretty rare. Nevertheless, it is wise to be covered. Since the risks are low, you should be fine with limits of $100,000 per occurrence and $200,000 annually.

 

liability insurance for paralegal in Ontario canada

 

Expected Costs of Insurance

As a paralegal, you need plenty of insurance from a licensed Canadian insurance company. The costs are going to accumulate very rapidly. Knowing what to expect ahead of time is recommended.

  • Professional liability insurance – As low as $475 annually
  • Commercial general liability insurance – As low as $650 annually
  • Forgery insurance – $50 annually
  • Employee dishonesty insurance – Average $150 annually

The prices can vary significantly based on a handful of factors. Therefore, you might pay more or less than the aforementioned prices. It would also be worth your time to ask your broker how a claim is filed and as a business owner what you will need present to the insurance company in the event this circumstance occurs.

 

Apply for a Paralegal Insurance Quote Today

The best way to find out the costs is by acquiring a free paralegal errors and omissions insurance quote from us. You can get a quote by filling out the form on this website, calling our toll-free number or contacting us by email. We’ll respond to your request as quickly as possible and help you get a professional liability insurance policy.

 

Paralegal Insurance Quote Request

 

Paralegal Disability Insurance

You biggest asset in life is your earning ability. If you are unable to work, you will need to rely on either your savings or borrow money to sustain your lifestyle. When these unfortunate circumstances occur, dependents and spouses are also impacted financially and emotionally.

Disability insurance coverage will provide you a monthly income benefit, usually totaling 70% to 80% of your income, when you are unable to work for a period of time due to injury or illness.

Types of disability insurance

 

FAQ before purchasing paralegals professional liability insurance

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Other professions we also provide insurance for:

Academic Testing Centers
Accident Investigation
Accident Prevention Consultants
Accountants
Actuaries
Adjusters
Adoption Agencies
Advertising
Advertising Agencies
Advertising Agents & Services
Aerial Mappers
Agents
Agrologists
Agronomists
Alarm Monitoring Services
Allied Health Professionals
Alternative Dispute Resolution Firms
Alternative Energy
Answering Services
Anthologist
Anthropologist
Appraisers
Arbitrators & Mediators
Arborists / Tree Surgeons
Archaeologists
Architects
Architects & Engineers
Architectural technicians and technologists
Associations
Attorneys
Auctioneers, Auction Houses
Authors
Bailiffs
Blueprint & Photocopy
Boat Registrars
Bookkeepers
Broadcasters
Building Designers(Bill 124)
Business Brokers/Managers
Business Consultant
Business Enterprise Agencies
Business Training Courses
Cabling Designers
Camera & Photo Supply Stores
Careers Advisory Service
Catering Consultancy
Cereal Growing Advisors
Chambers of Commerce & Trade
Charities
Chiropodists
Chiropractors
Civil engineers
Claims Adjusters & Administrators
Collection Agencies
Commercial Printer
Communication Consultants
Company Formation
Company Search Agency
Conference & Event Management
Conference Facilities & Services
Conservation Consultants
Conservation Organizations
Consultants
Consumer Organisations
Contest Managers
Contractors Accountants
Convention Planners
Copywriters
Counselling & Advice Services
Court Reporters
CPA/CMA
Credit Reference Services/Bureaus
Custom House Broker
Customs & Forwarding Agents
Data Processing Services
Database Managers
Day Spas
Decorators – Interior
Dental Laboratories
Designers
Dietitians (Consulting)
Directors
Directors and Officers
Documentary creators
Employment Agencies
Employment Agencies/Recruiters
Employment Placement Agencies
Energy Audits & Assessments
Engineers
Environmental Engineers
Event Planners
Excess & Umbrella Liability
Filmmakers
Fitness Clubs
Foreign Legal Consultants
Holistic Professional
Home inspectors insurance
Immigration Consultants
Independent Contractor
Industrial Designers
Information Technology
Interior Designers
IT Contractor
IT Specialist/Technician/Programmer
Journalists
Lawyers
Lawyer’s Excess Professional Liability
Long Term Care
Management Consultants
Mediators
Medical Clinics
Medical Devices
Medical Professionals (Malpractice Insurance)
Medical Related
Medical Student Malpractice Insurance
Mortgage Brokers
Multimedia designers
Naturopaths
New Media
Occupational Health and Safety Consultants
Paralegals
Photographers
Placement Agencies
Podiatrists
Private Investigators
Process Servers
Product Designers
Professional Entertainers
Professional Organizer
Professionals Liability
Project Managers
Property Managers
Publishers
Publishers and Printers
Quality Control Consultants
Recruiters
Recruitment and Employment Agency
Recruitment Consultants
Research & Development
Roofing Consultants
Safety Engineers
Service Organizations
Solar & Wind Farm Engineers & Consultants
Spa Package
Structural Engineers
Sub-Contractor
Surveyors
Tax Prepares
Technology Companies
Therapist Professionals
Town / Urban Planners
Training Providers/Trainers
Translators etc.
Travel Agencies
Travel Agents
Travel Agents, Tour operators
Web Designers
Web-Site Designers
Workplace Engineers & Consultants