Having consultant professional liability insurance which is also known as errors and omissions insurance is a must in the world today. The average consumer is dependent on either technology, their resources, or professionals in order to conduct business. It is often the scenario where businesses must consult
third parties when they lack expertise in a particular field or industry and encounter a situation where their money and resources are to be invested. The answer and the ultimate solution for most businesses in this position is getting consulting services from a professional that holds Professional Liability Insurance and experience in the appropriate field.
This demand for professional consulting, created the need for these professionals to obtain professional liability insurance. As a consultant, your services can be the fine line between a business’ boom or disaster. Your clients put their faith in you and in some cases invest their money and resources based on your recommendations. This job not only holds time and investment, but also comes with a responsibility, and not to forget, legal contracts. Our brokers partners strive to create an insurance policy that is tailored to the professional’s exposures, which in this case are consultants.
Professional Liability insurance is a very broad term. Every professional in the service industry requires this insurance to shield themselves from liability as a result of the services they provided to their clients. Along with PLI, your business must have general liability coverage for protection in the event physical damages arise as a result of your operations.
Canadian employers must also ensure that their employees have active workers compensation insurance throughout their employment.
Types of Consulting Businesses we insure:
If your specializing is not mentioned below, have no worries. Our insurance markets can provide liability coverage for the majority of consulting businesses.
- Acoustic Consultant Insurance
- Agricultural Consultants Insurance
- Branding Consultant Insurance
- Business Consultant Insurance
- Business Management Consultants Insurance
- Custom Computer Software Consultant Insurance
- Environmental Consultants Insurance
- Education Consultants Insurance
- Energy Conservation Consultant Insurance – Commercial/Industrial
- Ergonomics Consultant Insurance
- Fashion Consultant Insurance
- Fire Protection Consultant Insurance
- Fire Safety Consultant Insurance
- Forestry Consultant Insurance
- Fuel Efficiency Consultant Insurance – Domestic
- Fuel Efficiency Consultant Insurance – Commercial/Industrial
- Executive Consultants Insurance
- Health and Social Care Consultants Insurance
- HR Consultants Insurance
- Linguistic Consultant Insurance
- Management Consultant Insurance
- Marketing Consultants Insurance
- Market Research Analyst Insurance
- Noise And Vibration Consultant Insurance
- Planning Consultant Insurance
- Personal Consultants Insurance
- Printing Consultant Insurance
- Publicity Consultant Insurance
- Public Relations Consultant Insurance
- Quality Control Consultant Insurance
- Regulatory Consultant Insurance
- Research Consultants Insurance
- Risk Management Consultants Insurance
- Safety Training/Consultant Insurance
- Security Consultant Insurance
- Technical Consultants Insurance
- Theater Lighting Consultant Insurance
Consultants today must secure themselves from any possibility of a liability. Your customers that earn you big dollars can very easily be the reason for a financial disaster for you or your business. Over the years, with technology innovating and information being available at an average persons discretion with just a few clicks has not only made accessibility of answers easy, but has also made the customer smarter.
Clients today are familiar and often well researched with claims, litigation, and lawsuits in their industry. In your field, you may often be required by your clients to obtain a professional liability insurance coverage as a part of the agreement or contract. This is why it is always best to do your due diligence and learn about the amount of coverage you will need prior to purchasing a policy. You best option will always be to start of by talking to fellow consultants about their policy limits and then proceed to speaking to a licensed broker to compare some quotes.
Benefits of Liability Insurance for consultants:
- Client preference to work with you
- Financial shield for you and your business
- You may land more contracts
- Few hundred dollars provide Millions in Coverage
- Your piece of mind.
- Ability to add commercial auto coverage for cheap premiums with an existing policy
Our brokers currently insure 100’s of Consultants Canada Wide. Policies are tailored specifically to your needs. Our brokers strive to provide the best coverage for the cheapest rates. Begin today by learning about how to apply for insurance or click below get a Quote today!
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FAQ before purchasing consultant’s professional liability insurance
- How much consultant professional liability insurance do I need?
- How do I get a consultant insurance policy?
- What does consultant professional liability insurance cover?
- What is the difference between claims made & occurrence form of coverage?
- When will I need to be insured as a consultant?
- What other professions need this type of insurance?
Other useful posts you should also read
- Canadian insurance companies that provide professional liability insurance for consulting businesses
- How does the claims process work if I get sued because of my consulting services?
- What is the cost of consultants professional liability insurance?
- How do I apply for a consultant professional liability insurance policy?
- How do I qualify for coverage as a consultant?
- What is the purpose of getting insured as a consultant?
- How long will it take to get an insurance quote for my consulting business?