Professional Liability Insurance for Winnipeg Engineers

The importance of E&O insurance for Winnipeg consultants

Professional liability insurance covers engineers in Winnipeg if they’re sued for causing financial loss to a client as a result of their professional service or advice. Your legal expenses are covered up to your policy limits, including defence costs, judgement awards and settlements.  

Four reasons engineers in Winnipeg need professional liability insurance 

Here are just four reasons that engineers in Winnipeg should have this important protection: 

1. Professional liability insurance may be required by your engineering professional association. 
2. You’re required to carry this coverage in your contract.  
3. You couldn’t afford the costs of a lawsuit out of pocket.  
4. You want to look more professional to clients. 

Professional liability coverage options for Winnipeg engineers

We offer three optional limits of professional liability insurance coverage at EasyCover: 

• $1,000,000 
• $2,000,000 
• $5,000,000 

This is the maximum amount that you would receive for all claims incurred in the 12-month policy period, regardless of the number of claims made. 

Our coverage is retroactive which means you’re covered for claims made during the policy period arising from your actions prior to the purchase date of this policy. Keep in mind you will need to disclose any known circumstances that could result in a claim and inform your insurer of any new potential claim situations that arise. 

To determine how much professional liability coverage you need, consider the following:

• Your contractual obligations
• Individual business risks
• The likelihood of a lawsuit and its expected cost
• The value of your contracts
• How many clients you have

If you are uncertain about which limit is best for your business, one of our brokers can help provide you with a recommendation. We’re here for you whenever you need advice.