Professional Liability Insurance for Toronto Engineers
Toronto engineers face high liability tied to design flaws, specifications, or oversight issues. E&O insurance helps shield your technical expertise from legal exposure.
Errors and omissions insurance for engineers in Toronto
Whether you’re a Toronto-based engineering consultant hired for a small project or a large firm coordinating a multi-billion dollar design-build in the GTA, engineering projects have become increasingly complex. If a client believes you’ve made a mistake or omitted vital information, you could be sued and face irreparable damage to your finances, career and reputation as an engineer.
EasyCover Canada offers affordable Toronto professional liability insurance for engineers (also known as errors and omissions Insurance). You or your firm may already have commercial general liability Insurance in place. Unfortunately, CGL Insurance policies typically don’t cover damages resulting from professional services or advice. However, with EasyCover’s affordable professional liability insurance for Torontonians, you’ll be protected should you be sued by a client who believes your professional engineering services or advice may have cost them financially.
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
The importance of E&O insurance for Toronto engineers
Professional liability insurance provides coverage for Toronto engineers if a third party sues them for financial loss resulting from professional services or advice. The policy includes legal defense costs, settlement payments, and court-awarded damages.
The amount of professional liability insurance engineers should carry will depend on their individual circumstances. When selecting your coverage levels, you should consider the following:
- The likelihood of a lawsuit
- The expected costs of a lawsuit
- Contract requirements (generally $1 million or $2 million)
- Business risks
- Number of and size of clients and value of contracts
At EasyCover, we provide three levels of professional liability insurance protection:
- $1 million
- $2 million
- $5 million
It is important to remember that this amount applies to the total number of claims you have during a policy period (typically 12 months). If you’re accused of an error by two different clients, that would be two separate claims, and both would count towards your coverage amount.
If you want additional protection, we also offer optional commercial general liability, cyber and privacy liability, and director’s and officer’s liability insurance coverage.
Toronto engineers insured by EasyCover
EasyCover has insured the following types of engineers in Toronto
- 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. We’re happy to refer you to a great partner if we can’t insure you.
Claims Examples
Here are a few scenarios where professional liability insurance could
help an engineer in Toronto.
Design errors
Your engineering design documentation contain errors that the client believes may have resulted in financial losses
Project delays
The client alleges that a project has been delayed due to an error or omission made on your part
Budgetary issues
The client believes that an engineering service quote you provided was inaccurate
Design repairs
A design you delivered requires repairs which the client believes you are responsible for
FAQs: Professional Liability Insurance for Toronto Engineers
Engineers in Toronto are covered in the event they are sued for causing financial loss to a third party. This protection includes coverage for legal expenses such as defense costs, settlements, and court-awarded damages.
Absolutely, we recommend engineers in Toronto carry professional liability insurance. Lawsuits can be extremely costly, and this coverage helps manage those expenses. Unlike other forms of insurance, it specifically addresses financial losses suffered by third parties as a result of professional advice or services. Additionally, carrying this coverage is often a requirement under client contracts and by regulatory or industry bodies.
Optional coverages for engineers in Toronto
Besides offering professional liability insurance, EasyCover can also provide a few additional protections for engineers in Toronto.
Commercial General Liability Insurance
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.
Directors and Officers Liability Insurance
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.
Cyber Liability Insurance
Cyber liability insurance helps cover certain costs following an alleged or actual hacking event or privacy breach. 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.
Why Toronto engineers trust EasyCover by Acera Insurance
Toronto engineers depend on EasyCover for their professional liability insurance because we offer:
- Affordable rates
- Excellent coverage
- 24/7 online insurance quotes and policy management
- Access to educated insurance brokers
- We make insurance convenient and easy
- We also offer other valuable insurance protection 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.