Professional Liability Insurance for Saskatoon Consultants
Business and strategy consultants in Saskatoon can face costly lawsuits if clients are unhappy with results. E&O insurance offers protection from claims of negligence or service failure.
Errors and omissions insurance for consultants in Saskatoon
As a consultant, your advice or service can have a major impact on your clients. Unfortunately, they may sometimes blame you for losing money. Whether you’ve made a mistake or not, the resulting lawsuit can be expensive and financially devastating to most consultants in Saskatoon. Luckily, EasyCover makes it simple to get the coverage you need to protect your business.
We offer professional liability insurance to consultants in Saskatoon at an affordable price. We’re entirely online, making it convenient and fast to get the protection you need. Plus, we also offer other liability insurance to ensure you have well-rounded protection for your business.
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 PLI for Saskatoon consultants
Professional liability insurance is designed to protect consultants in Saskatoon if a third party sues them for causing financial loss as a result of their service or advice
Consultants in Saskatoon should have professional liability insurance for the following reasons:
- Lawsuits are expensive and professional liability insurance can help cover these costs.
- It may be required by a professional association or regulatory body.
- It may be required by contract.
- Being insured is appealing to prospective clients.
Selecting the best professional liability insurance coverage limits for your unique needs
At EasyCover, we offer three optional limits of protection: $1,000,000; $2,000,000; and $5,000,000.
The amount of coverage you need depends on the number of clients you have, the value of those contracts, your overall annual revenue, the likelihood of a lawsuit and the expected cost of a lawsuit.
One of the biggest benefits of EasyCover is that our professional liability insurance has retroactive cover. This means that any claims made during the policy period arising out of your past work is covered as long as you have a policy with us. So, if you put your professional liability policy in place this year and a client comes out of the woodwork and sues you for work you did three years ago, you will likely be covered. Just keep in mind you need to disclose any situation that could result in a lawsuit!
Saskatoon consultants insured with EasyCover by Acera Insurance
We can insure most types of consultants in Saskatoon, including:
- Business Analyst
- Business and Management Consultant
- Business Continuity Consultant
- Business Recovery Consultant
- Business Development Consultant
- Business Process Re-Engineering Consultant
- Buyer
- Change Management Consultant
- Company Development & Planning Consultant
- Compliance Consultant
- Data Analyst
- Distribution Consultant
- Employment Consultant
- Energy/Green Technology Consultant
- Export Consultant
- Logistics Consultant
- Management Consultant
- Marketing & Advertising Consultant
- Fire Safety Consultant
- Food Safety & Hygiene Consultant
- Forestry Consultant
- Health & Safety Consultant
- Higher Education Consultant
- Horticultural Consultant
- Hospitality Consultant
- HR Consultant
- Image Consultant
- Immigration Consultant
- IT Consultant
- Lighting Consultant
- Mergers & Acquisition Consultants
- Occupational Health Consultant
- Oil & Gas Consultant
- Operations Consultant
- Personnel Consultant
- Procurement Consultant
- Production Consultant
- Project Management Consultant
- Public Relations Consultant
- Quality Assurance Consultant
- Quality Systems Consultant
- Risk Management Consultant
- Sales Consultant
- Strategy Consultant
- Technology Consultant
- Training Consultant
- Transportation Consultant
Basically anything you can be hired to consult for, we can insure! If your specialty isn’t listed here or you employ more than five people, contact us. We can always refer you to a colleague at Acera Insurance or another trusted industry partner.
Claims Examples
Here are some examples of professional liability insurance claims for consultants in Saskatoon.
You make a mistake that ends up costing your client thousands to fix. They are suing you to recoup their costs.
A client says your advice has cost them thousands in revenue. They are suing you for lost revenue as well as the costs to fix the issues your alleged bad advice caused.
A lost document means your client was unable to produce the proper paperwork to a regulatory body. They sue you to recoup the costs of the fine, lost revenue, and to replace the document.
How much does professional liability insurance cost for consultants in Saskatoon?
The cost of professional liability insurance for consultants in Saskatoon depends on the following factors:
- Your annual revenue.
- If you have employees and if so, how many.
- If you operate only in Saskatchewan or have clients in other provinces.
- Your business operations.
- What insurance coverage you choose.
Here are some examples of what consultants in Saskatoon might expect to pay for professional liability insurance:
- A change management consultant in Saskatoon making $115,000 in annual revenue might expect to pay $660 per year for basic professional liability insurance. They could add on cyber coverage for $150 per year and commercial general liability for $220 per year.
- A risk management consultant earning around $95,000 per year might expect to pay $440 for basic professional liability insurance.
You can get a quote in less than a minute with EasyCover and see how much professional liability insurance will cost for your Saskatoon consulting business.
Optional commercial coverages for professional consultants in Saskatoon
Besides having professional liability insurance, we offer Saskatoon consultants additional business coverages. It will depend on your profession, risks and budgets if your business requires these additional insurance products.
Commercial General Liability Insurance (CGL)
CGL helps cover costs if a third party is injured or has their property damaged because of negligence by you or an employee. A common example is someone visiting your office, slipping, and falling, hurting themselves. Keep in mind this does not cover injury to your company’s property or employees.
Directors and Officers Liability Insurance
Directors and officers liability helps protect your personal assets by covering legal expenses if you are sued for a breach of duty.
Cyber Liability Insurance
Cyber liability helps cover costs if your business is the victim of a cyber-attack or data breach. This can include legal costs, regulatory fines, and other expenses. With the prevalence of cyberattacks, we recommend every business carries this protection.
Why choose EasyCover for your consultants’ professional liability insurance in Saskatoon?
Clients choose us because we’re one of the very few digital options in Canada where you can purchase insurance 24/7 online without having to speak with an advisor. We are dedicated to making the experience of obtaining your professional liability insurance as straightforward as possible, which is why we’ve created our online tool. Plus, our specialization is in professional liability insurance, with coverage uniquely designed to protect consultants and a wide range of other professionals.
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.