# E&O Halifax Financial Services

> What happens if you make a mistake in financial services? You may get sued. Protect yourself with professional liability insurance. Get a free quote today.

Professional Liability Insurance for Financial Services in Halifax

In Halifax, financial advisors and planners may be held accountable for market performance and advice outcomes. E&O insurance provides coverage for client claims and losses.

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Errors and omissions insurance for financial professionals in Halifax

As a financial professional, you deal with clients’ sensitive information day in and day out. No matter how diligent you are in your daily duties, mistakes happen. Luckily, professional liability insurance can help protect finance professionals in Halifax from the unexpected costs of a lawsuit.  Get an online quote today and learn how affordable and easy it is to protect yourself and your business with EasyCover by Acera Insurance. 

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

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The importance of E&O insurance for Halifax financial service providers

Professional liability insurance is designed to protect finance professionals in Halifax from being sued for causing financial loss to a third party as a result of their professional service. This includes legal expense coverage, such as defence costs, judgment awards and settlements.  

Our policies include retroactive cover, which means you’re covered for claims made during the policy period arising out of events that may have occurred prior to the policy inception date. Some conditions apply here, such as disclosing any situation that may result in a lawsuit.  

We offer three levels of protection: 

$1 million 

$2 million 

$5 million 

This is the maximum your policy will pay out over a 12-month policy term, no matter how many claims you make during this time. Financial professionals are advised to choose an amount that reflects their contractual requirements, the value of their work, and the likelihood and expected cost of a lawsuit.

Halifax financial service professionals that EasyCover insures 

We can provide service for the following financial services professionals:  

Financial analysts 

Bookkeepers 

CPAs (Chartered Professional Accountants) 

Financial compliance professionals 

Credit controllers 

Financial controllers 

Management accountant 

Payroll 

Regulatory reporting 

Treasury  

If you do not see your finance profession listed above, no worries! We may be able to offer you coverage or can refer you to a trusted insurance partner. 

The cost of professional liability insurance for financial services in Halifax 

“Premiums” are the payments you will make per month, quarter or year for your professional liability insurance in Halifax.  There is no one set price for professional liability insurance – it will depend on your company’s individual circumstances. Consider the examples below as a starting point for the cost of your finance professional liability insurance in Halifax: 

A finance professional who earns $85,000 per year in Halifax may pay an average of $810 per year for our basic level of coverage for professional liability insurance, commercial general liability and cyber liability insurance.

A CPA who earns $235,000 per year with one additional employee in Halifax may pay an average of $1900 per year for their professional liability, commercial general liability and cyber liability insurance. Just professional liability insurance would cost on average $1400 per year.

How are professional liability rates for financial services in Halifax determined? 

Professional liability insurance rates for finance professionals in Halifax can be calculated by the following factors: 

Your daily operations 

The number of clients you have 

The value of your contracts 

Your insurance history 

Your coverage options 

The number of employees you have 

The province(s) you operate in…and more 

The best method to gauge how much your finance professional liability insurance in Halifax might cost is to get a free quote with our online EasyCover tool. 

FAQs: Professional liability insurance for finance professionals in Halifax 

Additional liability coverage options for finance professionals in Halifax

At EasyCover we offer a number of other critical protections, including cyber liability insurance, directors and officers insurance, and commercial general liability insurance. 

Commercial General Liability Insurance

Finance professionals in Halifax are responsible for sensitive customer data. We strongly recommend you carry cyber liability to protect your business in the event of a cyberattack or privacy breach. Our cyber coverage can help cover legal expenses, digital asset losses, regulatory fines and more.  

Directors and Officers Liability Insurance 

Directors and officers insurance, or D&O insurance, is designed to protect individual officers and company directors from personal loss if they are sued due to negligent acts or breaches of duty while carrying out the Board responsibilities.  Refer to the policy language for specific exclusions.  

Cyber Liability Insurance 

Commercial general liability insurance (sometimes referred to as CGL) helps cover legal expenses if a third party is hurt or has their property damaged as a result of negligence by you or an employee. A common example is if someone slips and falls while visiting your office.  

Why do finance professionals in Halifax choose EasyCover? 

EasyCover by Acera Insurance offers instant, online coverage for financial service businesses in Halifax. We make it easy to get great professional liability coverage. Simply answer our questions about your business operations, choose your coverages and pay online and you’re insured! 

Ready to get your free 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.

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