Professional Liability Insurance for Winnipeg IT Professionals
Software issues, integration failures, or data loss can expose IT consultants to lawsuits. E&O coverage in Winnipeg protects your services and supports your tech credibility.
Errors and omissions insurance for IT professionals in Winnipeg
One of the biggest risks IT professionals face is the threat of a lawsuit. At EasyCover, we make it easy for Winnipeg’s IT consultants to protect themselves with professional liability insurance. It’s fast, simple and entirely online.
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’s covered by professional liability insurance for IT consultants in Winnipeg?
If you’re sued for causing financial loss to a third party as a result of your service or advice, professional liability insurance can help cover your legal expenses. This includes defence costs, judgement awards and settlements.
For example, let’s say you create and install software for a client. Unfortunately, the software crashes and your client sues you for the loss of income to their business and the cost to fix the software or replace it. While no one ever wants to make a mistake, it happens and professional liability insurance can help reduce the financial impact on your IT business in Winnipeg.
IT professionals in Winnipeg EasyCover has supported
We can insure many different IT specialists living in Winnipeg including:
- CRM System Specialists
- IT Facilities Manager
- IT Hardware Consultant
- IT Hardware Sales & Supply Consultant
- IT Network Architect
- IT Outsourcing Consultant
- IT Program Manager
- IT Project Manager
- IT Security Consultant
- IT Software Consultant
- IT Software Developer/Programmer
- IT Software Sales
- IT Software Tester
- IT System Analyst
- IT System Designer
- IT Training Consultant
- Network Communication Consultant
- PC/IT Network Support Consultant
- Search Engine Optimization Specialist
- Telecommunications Consultant
- Website Designer
If your specialty isn’t listed here, contact us! We will see what we can do or refer your business to a trusted industry partner.
Examples of IT Professional Liability Insurance Claims
Here are a few examples of claims that can be made against Winnipeg IT professionals.
A software product you developed does not perform as expected and creates a financial loss for your client.
You unintentionally infringe on the intellectual property owned by a third party while installing or developing software or hardware.
You accidentally breach confidential information related to your client during the process of working on their IT infrastructure.
FAQs: Professional Liability Insurance for Winnipeg IT Professionals
If you’re sued for causing financial loss to a third party as a result of your service or advice, professional liability insurance can help cover your legal expenses. This includes defence costs, judgement awards and settlements.
For example, let’s say you create and install software for a client. Unfortunately, the software crashes and your client sues you for the loss of income to their business and the cost to fix the software or replace it. While no one ever wants to make a mistake, it happens and professional liability insurance can help reduce the financial impact on your IT business in Winnipeg.
We offer three optional limits of coverage: $1,000,000; $2,000,000; and $5,000,000. The amount of coverage you need will depend on your individual situation. You should consider:
- The likelihood of a lawsuit.
- The expected cost of a lawsuit in your industry.
- The value of the contracts you have.
- The number of contracts you have.
- Your annual revenue.
- Any requirements for professional liability insurance in your contracts, professional associations or regulations.
The cost of professional liability insurance for IT consultants in Winnipeg will depend on the individual business. Here are some factors that impact your rates:
- Where you operate your business.
- The specific work you do.
- The number of employees you have.
- Your average revenue.
- The insurance coverage you choose.
Here are some examples of what IT consultants might expect to pay for professional liability insurance in Winnipeg:
- An IT consultant earning $90,000 a year might expect to pay around $440 for basic professional liability insurance in Winnipeg.
- A network architect earning $225,000 per year might expect to pay $950 for their basic professional liability insurance in Winnipeg.
Note these examples are for reference only and do not indicate an agreed premium.
Optional commercial coverages for IT contractors in Winnipeg
Professional liability insurance does not cover bodily injury, property damage or criminal acts and may not be enough to provide complete protect for your business. We also offer the following insurance to Winnipeg’s IT professionals: commercial general liability, cyber liability and directors and officers liability.
Commercial General Liability Insurance
Commercial general liability covers legal expenses if you’re sued for causing an injury or property damage to a third party due to negligent acts. A common example is someone visiting your workspace, tripping, falling and hurting themselves.
Directors and Officers Liability Insurance
Directors and officers liability covers legal expenses if you’re held personally liable for failing to perform your duties as a director or officer. This can help protect your personal assets but does not include coverage for any criminal acts.
Cyber Liability Insurance
Cyber liability covers costs associated with recovering from a cyber-attack or data breach. This can include regulatory fines, legal expenses, public relations, and other costs, up to your policy limits. We strongly recommend this coverage given the prevalence of cyber-attacks in the IT industry.
Why should IT professionals in Winnipeg trust EasyCover by Acera Insurance?
Winnipeg IT professionals can depend on EasyCover. We offer the following benefits:
- Excellent coverage.
- Competitive prices.
- Convenient, online solutions.
- Quick, easy service to get a quote or purchase your policy.
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 Winnipeg 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.