Professional Liability Insurance for Winnipeg Management Consultants
Management consultants in Winnipeg face exposure to claims around strategic advice, process changes, or failed outcomes. E&O insurance protects your business from costly professional liability disputes.
Errors and omissions insurance for management consultants in Winnipeg
As a management consultant in Winnipeg, your work has a direct impact on your clients’ businesses. Whether you’re improving processes, helping a company through major changes, or another type of project, it’s important to ensure you are financially protected.
EasyCover can protect your management consulting business in Winnipeg by providing essential protection like professional liability insurance. We’re online and available 24 hours a day, allowing you to take care of your insurance when it’s convenient for you.
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 for management consultants in Winnipeg?
If you’re sued for causing financial loss to a third party as a result of your professional advice or service, professional liability insurance helps management consultants in Winnipeg cover the costs of a lawsuit. This includes defence expenses, judgement awards and settlement fees.
For example, let’s say you’re brought in as a consultant to develop a strategy or improve a process. After your work is complete, your client isn’t happy. They say you’ve made mistakes and cost them money – and they sue! Professional liability insurance could respond and help cover the costs of this lawsuit.
With EasyCover, our professional liability insurance for management consultants in Winnipeg includes retroactive cover. This means that for claims brought during the policy period, you’re covered for all of your past actions (up to your policy limit), as long as any potential claim situations are disclosed.
We offer three optional limits of coverage: $1,000,000; $2,000,000; and $5,000,000. This is the maximum amount your policy will pay out in a 12 month period, regardless of the number of claims you have. You should choose the amount of coverage that reflects your management consulting company’s risks. Consider the likelihood of a lawsuit, the expected costs of a lawsuit, the number of clients you have and the value of the contracts.
Management consultants insured by EasyCover in Winnipeg
EasyCover has insured the following types of management consultants in Winnipeg:
- Business analyst
- Business/management consultant
- Business continuity consultant
- Business recovery consultant
- Business development consultant
- Change management consultant
- Compliance consultant
- Data analyst
- Health and safety consultant
- IT consultant
- Logistics consultant
- Management consultant
- Oil and gas consultant
- Project management consultant
- Risk management consultant
- Strategy consultant
How much will professional liability insurance cost for a management consultant in Winnipeg?
A management consultant in Winnipeg might expect basic professional liability insurance to start at $440 per year (not including provincial sales taxes). However, the amount you pay is tailored to your business, and dependent on factors such as:
- The insurance coverage you choose.
- Your annual revenue.
- If you have employees, and if so, how many.
- If you operate only in Manitoba or if you also take clients from other provinces.
- Your business operations.
You can get a quote in under five minutes online with EasyCover. So if you’re wondering how much professional liability insurance will cost your management consulting business in Winnipeg – just click to get a quote!
Optional commercial coverages for professional consultants in Winnipeg
We recommend management consultants in Winnipeg carry professional liability insurance. However, there are additional business insurance coverages provided by EasyCover by Acera Insurance that you might consider.
Commercial General Liability Insurance (CGL)
Commercial general liability insurance is standard commercial coverage. It helps cover expenses if a third party is hurt or has their property damaged as a result of negligence. Keep in mind that this doesn’t cover injury to your company’s employees or property. A common example is someone slipping in the entrance to your office.
Directors and Officers Liability Insurance
Directors and officers liability helps cover your expenses if you are held personally liable for breaching your duties while acting in this capacity. This helps protect your personal assets. This includes claims brought against you by creditors, employees, regulatory bodies and customers. Keep in mind that criminal offences are not covered.
Cyber Liability Insurance
Cyber liability helps cover recovery costs after a cyber-attack or data breach. This coverage is very important as businesses of any size can be victims of such an event. Cyber liability helps with legal expenses, public relations, regulatory fines and more – up to your policy limit. We strongly recommend this protection!
Do management consultants in Winnipeg need professional liability insurance?
Lawsuits are expensive. Could you afford to cover the costs out of pocket? Most can’t, which is where professional liability insurance can help. Professional liability insurance can help Winnipeg management consultants cover your legal expenses if you’re sued for causing financial loss as a result of your service or advice.
Not only can it reduce the financial burden of a lawsuit, but this coverage may also be required by your professional association or in your contracts. It’s appealing to clients, too!
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.