Professional Liability Insurance for Digital & New Media Professionals in Calgary
Calgary new media and digital professionals face risks from design errors, copyright issues, or client disputes over deliverables. Professional liability (E&O) insurance helps protect against claims tied to your design and creative work.
Errors and omissions insurance for Calgary new media and digital professionals
Whether you’re a new media freelancer, contractor or small business owner, professional liability insurance helps you to financially protect yourself. Would you be able to afford the legal expenses out of pocket if a client sued you claiming your professional services or advice caused them financial losses? Also known as errors and omissions (E&O) insurance, professional liability insurance will help cover your costs in the event of a lawsuit.
Interested in purchasing your professional liability online in minutes?
Acera Insurance offers EasyCover where you can get a quote, bind your policy and pay online in only a few short minutes. Get comprehensive coverage and affordable rates quickly and easily.
Here are some of the benefits of EasyCover:
- Get free online quotes 24/7
- No long, confusing applications to fill out
- Purchase and manage your policy online
- Support by phone, email or chat
- Option to bundle with other coverages
What does professional liability insurance cover for new media specialists in Calgary?
As a creative professional working in Calgary’s fast-growing digital and new media space, protecting yourself legally is just as important as building your portfolio. Regardless of your creative services speciality, there’s always a chance a client could claim your work caused them financial harm. Even if you’ve done nothing wrong, allegations of negligence, copyright infringement, defamation or privacy breaches can quickly turn into costly lawsuits.
That’s where professional liability insurance comes in to help shield you from the financial fallout of legal disputes by covering defence expenses and settlement costs. It’s a safeguard that lets you focus on creating without worrying that one accusation could derail your business.
How much professional liability coverage does a new media consultant need in Calgary?
When determining your liability limit, you should consider the level of professional risk that your new media consultant business faces. Take the time and do some research into past legal claims against professionals in your industry in Calgary and the size of the legal claims made against them.
EasyCover offers digital and new media consultants three professional liability limits to choose from:
- $1 million
- $2 million
- $5 million
Please note the liability limit you select is the maximum amount you would receive for approved claims made within a calendar year.
We do recommend choosing a professional liability limit of at least $2 million since legal costs can quickly add up and consume that amount.
E&O insurance for digital & media professionals in Calgary
We know the digital media sector is constantly evolving and we provide professional liability insurance solutions for the following new media professions:
- Advertising Consultant
- Brand Consultant
- Copywriter
- Editor
- Event Organizer
- Graphic Designer
- Interior Designer
- Market Research
- Marketing Consultant
- Media Buyer
- Public Relations Consultant
- Website Designer
Contact us if you don’t see your profession listed, we’re happy to help you find insurance coverage.
Calgary digital & new media professional E&O claims examples
Professional liability insurance protects you in a wide variety of scenarios. Here are a few examples where digital media E&O insurance would assist you:
Graphic designer: Copyright infringement
You are a Calgary-based graphic designer who is asked to create a logo for a client and unknowingly use a stock image that wasn’t properly licensed. The client is later sued by the original rights holder who then sues you for damages alleging negligence for the copyright infringement.
Digital marketing agency: Misrepresentation
In your work as a digital marketing consultant, you promise a client that a paid advertising campaign will generate a specific level of sales. The results fall far short, and the client accuses you of misrepresentation and financial loss.
Animator: Project delay
You are an animator contracted to produce a series of ads and miss the agreed-upon deadlines due to technical issues. The client alleges that the missed launch date caused them to lose revenue from a seasonal marketing campaign and sue you for professional negligence and breach of contract.
What factors influence new media professional liability insurance rates in Calgary?
When determining the cost of professional liability coverage, there is no set price for digital and new media professionals in Calgary. Your insurance rates will be influenced by factors that include:
- The number of employees in your company
- The value of your contracts and how many clients you have
- Where your revenue is generated
- Your insurance coverage options
- Your insurance history
The best way to get insight into how much your professional liability insurance might cost in Calgary is to get a free quote with EasyCover’s online tool.
How much does E&O insurance for digital and new media professionals cost?
The cost of professional liability insurance for new media professionals in Calgary depends on your individual situation. Your premiums can be impacted by the number of employees, your annual revenue and your coverage options. Here are a few examples of what you may pay in Calgary for new media professional liability insurance with a $2 million limit:
- A public relations consultant earning $275,000 each year in Calgary with no employees might pay around $1895 per year for $5 million professional liability insurance protection.
- A freelance copywriter in Calgary making $75,000 with no other employees might pay $660 per year for professional liability.
- An interior designer with one employee in Calgary making $180,000 may pay $974 for basic professional liability insurance. They can also add commercial general liability for an extra $150 each year as well.
Risk management strategies for Calgary digital & new media professionals
Define Contracts Clearly
Use clear, detailed contracts that outline the project scope, timelines, deliverables, payment terms and limitations of liability to reduce misunderstandings and give you a legal foundation if disputes arise.
Document and Align Expectations
Document everything and set realistic expectations by keeping records of client communications, approvals, revisions and project changes to protect you if a client later disputes what was agreed upon.
Safeguard Intellectual Property
Protect intellectual property by verifying that all images, fonts, videos, music and code you use are properly licensed or original. Many lawsuits stem from unintentional copyright infringement.
Strengthen Data Security
Implement strong data security practices such as using secure systems, encryption and regular software updates.
Additional liability coverage options for digital & new media contractors in Calgary
Besides offering professional liability insurance, EasyCover can also provide a few additional coverages for new media freelancers and contractors in Calgary.
Commercial General Liability Insurance (CGL)
Commercial general liability insurance (CGL) offers protection in the event that you or any of your employees accidentally injure a third party or cause damage to their property while carrying out business operations. This includes any injuries or damages that occur on your premises or on a client’s property.
CGL insurance is considered a critical coverage and if you have professional liability insurance but leave CGL out, you may leave your business vulnerable. We start CGL coverage at limits of $1 million but you can choose higher limits if desired or required.
Directors and Officers (D&O) Liability Insurance
Directors and officers (D&O) can be held personally responsible for their actions while serving on a board of directors if they have acted outside the law or failed to perform their duties properly. D&O insurance is designed to offer protection for directors and officers, covering legal expenses from claims brought by regulatory bodies, suppliers and vendors, employees, creditors and customers.
Criminal penalties or offences will not be covered as this type of loss is not insurable by law.
Cyber Liability Insurance
Cyber liability insurance is designed to help cover certain costs following an alleged or actual hacking event or privacy breach. EasyCover’s cyber liability coverage includes network security liability and privacy liability. It may help cover the cost of network security and privacy breach costs, business income interruption losses, defence costs, extortion fees, digital asset losses and regulatory fines.
Every policy has a specified limit, so be sure to familiarize yourself with yours and note any exclusions or separate deductibles
Why Calgary-based new media professionals trust EasyCover for their E&O coverage
At EasyCover, you can get a quote and buy professional liability insurance within minutes. Our professional liability insurance brokers understand the unique needs and risks that new and digital media professionals face and are here to help you build a comprehensive insurance plan at affordable prices.
Benefits include:
- Instant online quotes for insurance that you can pay for and confirm in less than 10 minutes.
- The ability to manage your policy 24/7.
- Access to our team of expert brokers who are available by phone, email or live chat.
- Bundling options to ensure you’re fully covered.
Ready to get your free digital and new media contractor professional liability insurance quote?
Simple answer a few questions to immediately receive a quote, bind your policy and pay online in only a few short minutes.