Professional Liability Insurance in Halifax
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Insurance for Professional Services in Halifax
Errors are part of human nature and they can and do happen in business. Halifax professionals need errors and omissions (E&O) insurance for protection against claims of professional negligence or claims of errors and mistakes.
With E&O insurance, you will have protection from financial loss and reputational damage that can result from allegations of professional negligence, errors, misconduct, or failure to deliver services. You may also hear it called professional liability insurance.
What professionals need errors and omissions insurance?
If you are providing professional services, consulting, or advice, you need to protect yourself with professional liability (E&O) insurance.
Some examples of Halifax professionals who need this type of insurance:
- Architects
- Accountants
- Consultants
- Contractors
- Directors and officers on boards
- Engineers
- Event planners
- Financial services professionals
- Health professionals
- Interior designers
- Lawyers/Paralegals
- Marketing professionals
- Mediators
- Real estate agents
- Social services professionals
- Technology consultants
- Wedding planners
Do I need E&O insurance if I am not in a traditional field as a Halifax professional?
Yes, you do in order to protect yourself from lawsuits and reputational damage. Any professional providing services can face claims of negligence including if you are self-employed.
What is course of construction?
Course of Construction Insurance, also known as Builder’s Risk insurance, insures buildings or projects under construction against the costs of repair or replacements in the event natural disasters such as a flood, fire, explosion, theft, or vandalism. It should be considered as essential to your construction business.
Ask your Western business insurance expert about Course of Construction coverage for your construction business.
How much construction insurance do I need and how much will it cost?
How much construction insurance you need and how much it will cost will depend on the size of your firm and the work that you do.
That means it’s unlikely that all construction businesses would pay the same monthly or annually for their coverage.
The cost will depend on factors such as:
- The type of construction
- Location
- Number of employees
- Annual revenue
- Any past claims
- Security measures
What kind of risks does commercial general liability (CGL) cover?
- Injury to another person who is not your employee
- Damage to someone’s property
- Damage to rented property
- Medical bills if someone is injured
- Legal costs and settlement costs of liability lawsuits filed against you
- Liability lawsuits related to slander and libel
Need your Certificate of Insurance (COI) fast?
Some projects may require you to provide a certificate of insurance (COI). A certificate of insurance is issued by an insurance broker or company, and it shows that you have business
insurance. It is a summary or snapshot of your insurance policy, and it contains all the most important details, helping protect against third-party risk. Customers, businesses, or
independent contractors could ask to see proof of insurance before they agree to work with you. If the work you do has a high risk of loss or damage, you should have a certificate of
insurance.
When you get your insurance coverage through us, we will send you the certificate of insurance right away, so you can focus on what you do best.
Insurance for HR Consultants
As a Halifax-based HR consultant, a client could sue you if they believe you made an error or acted negligently in your duties. Insurance for HR consultants helps protect you from the on-the-job risks you can face.
Insurance for independent Halifax Human Resources consultants can help cover your legal expenses should you be taken to court for any services or advice that you have provided to clients.
Insurance for IT Consultants
If you are an information technology consultant or contractor, a client could accuse you of providing negligent advice. A client could slip and fall in your office. You need IT consultant insurance to protect you against the risks you face while you do your job.
IT consultant insurance can help protect you against the financial impact of being sued.
Errors and Omissions Insurance
Errors are part of human nature and they can and do happen in business. Halifax professionals need errors and omissions (E&O) insurance for protection against claims of professional negligence or claims of errors and mistakes.
With E&O insurance, you will have protection from financial loss and reputational damage that can result from allegations of professional negligence, errors, misconduct, or failure to deliver services. You may also hear it called professional liability insurance.