Business Insurance For Adoption Agencies

Types of Liability Insurance For Adoption Agencies

As someone who runs an adoption agency in Ontario, it is pertinent to work with an adoption agency PLI insurance company. You just never know what is going to go awry. The good news is that an adoption agency professional liability insurance provider will be able to help you get the insurance that you need within a matter of minutes. People who run adoption agencies are going to be put under a significant amount of pressure. You could easily make a mistake and it could come back to haunt you in the near future. By obtaining an adoption agency errors and omissions insurance policy, you will be able to minimize the risks to some degree.

Your goal is to help people adopt children as quickly as possible. Since you’re working rapidly, there is a possibility that something is going to go wrong. You could make a mistake along the way. This is why professional liability insurance for adoption agencies is so important. If something goes wrong because of your mistake, you’re going to be held liable. And of course, you’re going to be hit with a very big lawsuit. Getting professional liability insurance quotes for adoption agencies can help you figure out how much you’re going to be required to pay.

Of course, you need to understand the E&O insurance for adoption agencies may not cover all of the risks you may be exposed to. This is why you should mention every risk that you feel can potential cause you a loss one day to your broker when initially going through the process of applying for a policy.

agency for adopting children for canadians
Additional Coverage Options

When it comes down to it, adoption agencies E&O insurance can help. Nevertheless, this is not going to protect you from all potential risks. This is why you should consult with your team and decide whether or not additional insurance coverage may be necessary. Once you’ve acquired E&O insurance quotes for adoption agencies, you should consider other coverage options. Below, you’ll learn more about the other insurance coverages options that you should add to your policy.

Commercial General Liability Insurance

If your E&O insurance isn’t enough to protect you, there is a good chance that your CGL insurance will. A CGL policy will be designed to protect you against liability claims for property damage and bodily injury as long as they occur from products, complete projects and advertising. As an adoption agency, the risks here are minimal. Nevertheless, you should still protect yourself with a sufficient amount of insurance. Obtaining at least $100,000 per claim is recommended. $1,000,000 per year should be okay.

CGL Insurance Recommended Limits – $1,000,000 Per Claim / $2,000,000 aggregate

Cyber Insurance

When it comes down to it, pretty much every single business in Ontario is going to need some degree of cyber insurance. You have no idea what could happen in the future. Cyber criminals are constantly on the prowl and they’re working diligently to find people to prey on. If you do not protect your adoption agency, there is a good chance that you’re going to be hacked at some point or another. That could lead to significant losses. With this in mind, you should not hesitate to get cyber insurance. To ensure that you are protected to the fullest, you’ll want at least $50,000 dollars per claim and $100,000 aggregate. If you work with far more clients, you may need more coverage.

Cyber Insurance Recommended Limits – $50,000 Per Claim / $100,000 Aggregate

Employee Dishonesty Coverage

At the end of the day, you just never know what your employees are going to do. Despite training them significantly and thoroughly, there is still a possibility that your employees are going to do something wrong. With this in mind, you should protect yourself. Do not hesitate to get employee dishonesty coverage. It could prove to be immensely beneficial in the long run. If you have a lot of employees, you’re going to need far more coverage. Try to obtain at least $100,000 per claim and $1,000,000 per year. If you have a larger staff, more coverage is recommended.

Employee Dishonesty Coverage Recommended Limits – $100,000 Per Claim / $1,000,000 Aggregate

Average Costs

The costs of insurance can be expensive. One of the main reasons why we purchase insurance is to make sure if we get in financial trouble, it does not cost our own pocket.

So saying that, just make sure that you’re aware of the costs before moving forward. Below, you’ll learn about the average costs.

  • Professional Liability Insurance – $600/Year
  • Commercial General Liability Insurance – $800/Year
  • Cyber Liability – $50/Year
  • Employee Dishonesty Insurance – $100/Year


adoption agency liability insurance quote


Other professions we also provide insurance for:

Academic Testing Centres
Accident Investigation
Accident Prevention Consultants
Adoption Agencies
Advertising Agencies
Advertising Agents & Services
Aerial Mappers
Alarm Monitoring Services
Allied Health Professionals
Alternative Dispute Resolution Firms
Alternative Energy
Answering Services
Arbitrators & Mediators
Arborists / Tree Surgeons
Architects & Engineers
Architectural technicians and technologists
Auctioneers, Auction Houses
Blueprint & Photocopy
Boat Registrars
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
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
Consumer Organisations
Contest Managers
Contractors Accountants
Convention Planners
Counselling & Advice Services
Court Reporters
Credit Reference Services/Bureaus
Custom House Broker
Customs & Forwarding Agents
Data Processing Services
Database Managers
Day Spas
Decorators – Interior
Dental Laboratories
Dieticians (Consulting)
Directors and Officers
Documentary creators
Employment Agencies
Employment Agencies/Recruiters
Employment Placement Agencies
Energy Audits & Assessments
Environmental Engineers
Event Planners
Excess & Umbrella Liability
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
Lawyer’s Excess Professional Liability
Long Term Care
Management Consultants
Medical Clinics
Medical Devices
Medical Professionals (Malpractice Insurance)
Medical Related
Medical Student Malpractice Insurance
Mortgage Brokers
Multimedia designers
New Media
Occupational Health and Safety Consultants
Placement Agencies
Private Investigators
Process Servers
Product Designers
Professional Entertainers
Professional Organizer
Professionals Liability
Project Managers
Property Managers
Publishers and Printers
Quality Control Consultants
Recruitment and Employment Agency
Recruitment Consultants
Research & Development
Roofing Consultants
Safety Engineers
Service Organizations
Solar & Wind Farm Engineers & Consultants
Spa Package
Structural Engineers
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