Professional Liability Insurance for Vancouver Management Consultants
Vancouver management consultants are often liable for strategic outcomes. E&O insurance protects against claims related to planning errors or business advice.
Errors and omissions insurance for management consultants in Vancouver
As a management professional or management consultant, you may deal with overseeing projects, implementing changes, and supervising employees. You’ll deal with budgets and deadlines and could be held responsible for success or failure. If a client blames your management services for financial loss, you could be held liable.
Professional liability insurance protects management consultants in Vancouver if they are sued for causing financial loss due to their professional services. With EasyCover, we make getting professional liability insurance easy. It’s online, it’s quick and you get great coverage.
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 does professional liability insurance cover in Vancouver for management consultants?
Management consulting comes with risks: missing a deadline, presenting misleading information, or even making a mistake. This can cost your clients. To recoup these costs, they may sue you.
Professional liability insurance helps management professionals cover legal expenses if they’re sued for causing financial loss as a result of their professional services. This includes defence costs, settlements and judgement awards.
EasyCover offers the following levels of coverage:
- $1 million
- $2 million
- $5 million
This is the maximum amount your policy will pay out over the 12-month policy period, regardless of the number of claims you have. At EasyCover, we also offer retroactive cover, which extends your coverage to include claims made against you during the policy period for wrongful acts that occurred prior to the policy start date. period that relate to negligent mistakes or acts committed by your business prior to your policy start date. You can choose to cover from a date of your own choosing or back to when your business was established. needs based on the likelihood of lawsuits, contractual requirements, and the projected cost of a lawsuit.
Management professionals insured by EasyCover in Vancouver
EasyCover has insured the following types of management consultants in Vancouver:
- Business process re-engineering
- Change manager
- Company development and planning
- Distribution manager
- Estate/facility director
- Finance and accounting
- Human resources director
- Operations manager
- Personnel management and selection
- Procurement manager
- Production manager
- Quality systems manager
- Marketing manager
- Sales manager
- Training manager
If you do not see your speciality, contact us! We’re happy to refer you to our colleagues
at Acera Insurance.
How much does professional liability insurance cost for management consultants in Vancouver?
The cost of professional liability insurance depends on:
- The number of employees
- The type of contracts you take on and how many
- Your insurance coverage and limits you choose
- Your annual revenue
- Your insurance history
- Which province(s) you operate in
The quickest way to know how much your insurance will cost is to get a free quote with EasyCover’s online tool.
Additional liability insurance options for Vancouver management professionals
While EasyCover specializes in professional liability insurance, we also offer the following additional business insurance coverages for managers:
Commercial General Liability Insurance (CGL)
Commercial general liability insurance helps cover legal expenses if you or an employee unintentionally causes injury or property damage to a third party due to a negligent act. A common example is if someone slips and falls at your office or if you accidentally damage a client’s property on a work site.
EasyCover’s commercial general liability protection limits start at $1 million although we do have higher limits if needed. We strongly recommend all management professionals carry this coverage.
Directors and Officers Liability Insurance
If a director or officer is accused of breaching their duty, directors and officers’ liability insurance can help cover legal expenses. This usually applies when the director or officer is alleged to have personal responsibility by creditors, regulatory bodies, vendors or customers. Keep in mind that intentional or criminal acts are not covered.
Cyber Liability Insurance
Cyber liability insurance is an increasingly important coverage option, as it insures businesses if they suffer a cyberattack or data breach. As most management professionals deal with customer data at a minimum, this coverage is important to have. Cyber liability can help cover costs such as extortion expenses, recovery costs, legal fees, regulatory fines and more.
Why choose EasyCover for your consultants’ professional liability insurance in Vancouver?
EasyCover offers great coverage at affordable prices. We’re also super convenient because Vancouver management professionals can get a professional liability insurance quote at any time. You can even buy your coverage online! We make insurance as easy as possible because we know you’re busy. Get started today with a professional liability quote!
- Industry
- Physical location
- Daily operations
- Contact information
- Staff team
- Insurance history
- Coverage options
EasyCover wants to help you protect your business. That’s why we make it simple to get comprehensive coverage at an affordable price.
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.