Preferred Rates for Procom
Information technology is evolving
The information technology field is one of Canada’s fastest growing industries. The liability IT contractors face for mistakes, errors and negligence in the course of their work is a very real issue for many professionals. Depending on what area you specialize in, mistakes can range from intellectual property infringement to software failure. As an IT contractor, it’s important to recognize your risks and take precautions to protect yourself.
Here are a few things to consider
- In every industry, mistakes do happen. When things get heated, as a result of a mistake you’ve made while conducting your business, you may have to defend yourself by hiring a legal service that costs a minimum of $350 per hour. With Professional Liability insurance, your policy defends you against covered losses including any legal costs.
- Whether you’re conducting your business under your personal name, a trade name, or an incorporated legal entity, you can be held personally liable for financial damages, bodily injuries, or property damages you may cause to a third party. This financial strain will inevitably cripple your business if you don’t have the right insurance in place.
- Securing appropriate insurance that can protect your business practice elevates your credibility and provides reassurance to potential clients and business partners. Without insurance, you may be at a disadvantage compared to your peers when it comes to securing work.
How does EasyCover by Acera Insurance support Procom?
Customized business insurance
We provide comprehensive commercial insurance coverage tailored to your industry.
Here is what we can offer:
This coverage responds to allegations of wrongdoing against you and pays damages awarded against you (for covered claims) in the event you’re found liable.
Policies not available in Quebec.
Coverage options
EasyCover has made it EASY! We offer a packaged policy providing professional liability and commercial general liability with limits of $1 M, $2 M or $5 M.
*Refer to policy wording for full details on coverage.
Option 1
(Procom Contract Specific / Max 18 months)
Coverage for your professional services performed while under a term contract with Procom and only for those services contracted through Procom (policy term of any duration, max 18 months)
Annual Premiums:
$1M Professional Liability only = $150/year
$2M Professional Liability only = $195/year
$5M Professional Liability only = $250/year
Option 2
(Multi Contract / Annual)
Coverage for all professional services you perform as an IT contractor, regardless of whom you contract with, under an annual policy – This policy automatically renews so you can get on with your business.
$1 M, $2 M and $5 M limit options available – Procom clients receive a 15% discount off standard annual (already incredibly low) EasyCover rates.
| Policy Highlights | Option 1 | Option 2 |
|---|---|---|
| Policy term matches Procom contract term (up to 18 months) | ✓ | x |
| 12 month policy with automatic renewal | x | ✓ |
| Procom contract work covered | ✓ | ✓ |
| Work performed under any contract | x | ✓ |
| Low deductibles starting at $500 | ✓ | ✓ |
| $50,000 Network Security & Privacy Liability (free with policy) | ✓ | ✓ |
| Commercial General Liability | ✓ | ✓ |
| Professional Liability | ✓ | ✓ |
| 180 additional days to report claims (after policy expiry) | ✓ | ✓ |
Both options include these benefits:
- Low deductibles starting at $500
- $50,000 Network Security Liability and Privacy Liability Coverage Included for no additional premium.
- Non Owned Automobile, Contingent Employers Liability and Tenants Legal Liability (included within Commercial General Liability Limits)
- Your policy limit is your own, not shared amongst multiple policy holders.
- No Sub-limit on Infringement Defense
- Compensation of Court Attendance – $250/day, Max $5,000 Limit
- 180 Day extended claims reporting period included FREE of charge.
Policies not available in Quebec.
Take care of your insurance needs online from start to finish
Policy Quote & Issuance
- Quote, issue, and pay for your policy online from anywhere
- Get fast and easy service (no long applications).
- Get affordable comprehensive coverage
- Self-serve with licensed professionals ready to help if you need
- Get a convenient monthly installment option or pay in full (credit card only).
24/7 Self-service Options
- Immediately download your policy
- Manage your policy, add or delete additional insureds and increase limits yourself
- Get Procom Services automatically added as an additional insured with a policy certificate immediately
What does it cover?
Your policy offers coverage against the following common claims scenarios.
Professional Negligence
Committing an error while carrying out a professional service
Misrepresentation
Presenting information that the client feels is faulty or misleading
Libel and Slander
Harming the reputation of the client
Inaccurate Advice
Offering faulty or incorrect professional information to a client.
Loss of Documents
Losing a client’s important documents
Error on Documentation
It is discovered that you made an administrative error on a former client’s documents for their health insurer, and now they are holding you liable for the costs.
Get instant liability insurance
With EasyCover, you can secure your coverage so quickly, you’ll have it before your next meeting.