Professional Liability Insurance for Ottawa Engineers
A technical oversight or design flaw can put your reputation on the line. Ottawa engineers rely on E&O insurance to mitigate risk on every project.
Errors and omissions insurance for engineers in Ottawa
Engineering contractors in Ottawa work on complex and highly scrutinized projects. We know you’re busy. That’s why Acera Insurance make it simple for engineering consultants in Ottawa to get professional liability insurance coverage. You can get your free quote, bind your policy and pay your annual premium online, all in a matter of minutes, without needing to speak to someone. You’ll be back to work in no time—with peace of mind knowing your business is protected.
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 is professional liability insurance for engineers in Ottawa?
Professional liability insurance is a unique form of coverage specifically for individuals who provide professional advice or services, such as engineers in Ottawa. It’s also known as errors and omissions insurance because it provides protection in cases where mistakes are made, or important details are inadvertently omitted.
Professional liability insurance can help engineering consultants cover their legal costs when a client claims they’ve suffered financial damages because of your work—be it project delays, product repairs, design errors or many other scenarios. The coverage that professional liability insurance offers engineers in Ottawa could include paying defence fees, settlements and judgement awards.
Ottawa engineers insured through our EasyCover program
EasyCover provides protection to the following engineering consultants in Ottawa:
- Acoustic engineers
- CAD / CAE engineers
- Chemical process engineers
- Civil engineers (excluding structural)
- Commissioning engineers
- Draughtsman
- Electrical engineers
- Electrical inspectors
- Expert witnesses
- Geologists
- Health and safety consultants
- Heating and ventilation engineers
- Mechanical engineers
- Mining engineers
- Oil and gas engineers
- Project managers
Don’t see your profession listed here? Contact us to discuss your situation.
Claims Examples
Here are a few scenarios where professional liability insurance could
help an engineer in Ottawa.
If a claim is made against you for a mistake that caused financial harm to your client.
If a client alleges that you are responsible for a delay in the project.
The project’s expenses have substantially surpassed your projected budget.
Your design contained flaws that led to expensive repairs.
Five reasons engineering contractors in Ottawa need professional liability insurance:
- It’s affordable peace of mind. With EasyCover, professional liability insurance rates for engineering consultants in Ottawa could start under $1,000 per year for $1 million in coverage. Several factors as noted below will determine your rate and you can get your free quote in just a couple of minutes online.
- Mistakes can and will happen. No matter your years of experience, level of knowledge and skillset, errors will happen. Clients can sue to recover any financial losses they incurred because of a mistake in your professional advice or service. Professional liability insurance can help engineering contractors in Ottawa pay any necessary restitution.
- Protection even when you’re innocent. Our society is becoming increasingly litigious, which means you could find yourself fighting a baseless claim one day. You must pay to defend yourself, whether or not the claims made against you are warranted—and professional liability insurance can help engineering contractors in Ottawa cover legal expenses in such situations.
- Your other coverages might not be enough. You might have other insurance coverages and wonder if professional liability insurance is truly necessary. But, in most cases, only professional liability insurance can help engineering contractors in Ottawa cover defence expenses when a client claims an error in your professional advice or service caused them financial damages. This is different from general liability insurance, which provides protection should your business cause third-party bodily injury or property damage.
- Your clients might require it. Some client contracts could stipulate that the engineering consultant they hire in Ottawa carry a certain level of professional liability insurance. This shows clients that you are financially prepared to cover any monetary damages that stem for your professional advice or service. Without professional liability insurance, you could lose out on work as clients opt to hire someone else.
Optional coverages for engineers in Ottawa
Besides offering professional liability insurance, we also offer optional coverages for engineers in Ottawa.
Commercial General Liability Insurance
Commercial general liability insurance (CGL) is the most basic form of liability insurance. It 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 option and if you have professional liability insurance but leave CGL out, you may leave your business vulnerable. We start CGL coverage at $1 million but you can choose higher limits if desired or required.
Directors and Officers Liability Insurance
Directors and officers 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. Directors and officers liability insurance (D&O) 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 Ottawa engineering consultants depend on EasyCover by Acera Insurance
Ottawa engineers should select EasyCover for their professional liability insurance because we offer:
- Excellent rates
- Comprehensive coverage
- 24/7 online insurance quotes and policy management
- Access to dedicated insurance brokers
- Easy and convenient online tools
- Ability to add on to your professional liability insurance
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.