Professional Liability Insurance for Ottawa IT Consultants
System downtime, security gaps, or integration errors can lead to serious claims. IT consultants in Ottawa depend on E&O insurance to stay protected.
Errors and omissions insurance for IT professionals in Ottawa
Businesses and individuals rely on IT and computer professionals in Ottawa more than ever before—and the demand you face is growing as the way we live, work and play becomes increasingly digitized.
With so much riding on your professional advice or service, it’s crucial for IT and computer specialists in Ottawa to have the right protection in place. This should include professional liability insurance. Also known as errors and omissions insurance, professional liability provides coverage if a client sues because they believe you made a mistake in your advice or service, causing them financial damages.
EasyCover by Acera Insurance makes it simple for IT and computer specialists in Ottawa to get competitive and comprehensive professional liability insurance. The best part is you can get your free quote and coverage in about five minutes online, without needing to speak with a broker.
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
Understanding E&O insurance for Ottawa IT consultants
Lawsuits are expensive and, without the right coverage, IT and computer consultants in Ottawa will have to cover their own defence costs. This could financially ruin your business, and potentially even drain your personal assets.
Why do IT consultants in Ottawa need professional liability insurance?
With professional liability insurance, IT and computer specialists in Ottawa can rest easy knowing the right coverage is in place should you make a professional mistake in the advice or service you provide, which causes your client financial damages.
Your client can sue to recover any financial loss stemming from your professional advice or service. In such cases, only professional liability insurance typically offers the protection you need to defend yourself.
What does professional liability insurance cover for IT consultants in Ottawa?
Professional liability insurance can cover legal defence costs related to claims of negligence, mistakes or omissions in advice or service, which result in a financial loss. Typically, no other type of business insurance offers protection for such situations. That’s why it is critical for IT specialists in Ottawa to have professional liability insurance.
In particular, professional liability insurance can help IT consultants in Ottawa cover:
- legal fees, such as hiring a lawyer, when defending yourself and your work against claims of financial losses—whether the claims are warranted or not.
- settlements and judgement awards in cases where you are in the wrong and must pay your client restitution.
IT professionals in Ottawa who need errors and omissions insurance
We can insure many different IT specialists living in Ottawa including:
- CRM Systems Consultants
- IT Facilities Managers
- IT Hardware Consultants
- IT Hardware Sellers and Suppliers
- IT Network Architects
- IT Outsourcing Consultants
- IT Program Managers
- IT Software Consultants
- IT Software Programmers
- IT Software Sellers
- IT Software Testers
- IT Systems Analyst
- IT System Designers
- IT Trainers
- Network Communication Consultants
- PC / IT Network Supporters
- Search Engine Optimization Consultants
- Telecommunication Consultants
- Website Developers
If your specialty isn’t listed here, contact us and we’ll see what we can do for you.
Examples of IT Professional Liability Insurance Claims
Here are a few examples of claims that can be made against Ottawa IT professionals.
Software you develop or install could fail to perform properly.
Your custom-made IT product could crash.
You could accidently breach confidential information while working on IT infrastructure.
Three questions IT consultants in Ottawa should ask when determining their level of coverage
EasyCover offers IT specialists in Ottawa three options of professional liability insurance coverage:
- $1 million
- $2 million
- $5 million
Bear in mind, your level of coverage is the maximum total amount you could receive for all claims that occur within your 12-month policy period.
When choosing your level of coverage, IT professionals in Ottawa need to consider how much it will cost to defend a claim as well as the number of potential restitution. You can assess this by asking yourself these three questions:
- How many clients do I work for and how large are their companies?
- What type of operations do my clients specialize in?
- What is the overall value of the projects I work on?
You know your industry and clientele best. It is advisable to have a higher level of coverage if you work for numerous large clients and provide advice or service on complex projects.
Optional coverages available for IT professionals in Ottawa
Besides offering professional liability insurance, we can also provide a few additional protections for Ottawa’s IT consultants.
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.
Note that commercial general liability doesn’t cover injury to your company’s property or your employees.
Cyber Liability Insurance
As an IT professional, you understand the risks associated with cyberattacks. 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.
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.
Why should IT professionals in Ottawa work with EasyCover by Acera Insurance?
Ottawa IT consultants and contractors can depend on EasyCover to find the best insurance to meet their professional insurance needs. We offer the following benefits:
- Great coverage.
- Affordable rates.
- Convenient, digital solutions.
- Instant quotes on key coverages.
- Ability to purchase your policy online.
We’re one of the few digital options in Canada – you don’t need to speak to a broker to get insured! We provide the liability insurance Ottawa IT professionals need to protect themselves and their business.
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.