From sole proprietors to large commercial businesses, professional liability insurance is one way to protect yourself against a negligence claim.
Professionals at risk
In today’s increasingly litigious environment, professionals are often held to a higher standard and subject to allegations for losses arising from their professional actions or inactions.
If you offer specialized services like consulting, teaching or professional advice to clients, you are automatically held to a higher level of duty and accountability.
Professionals require specific professional liability insurance protection
Professional liability insurance (PLI), sometimes referred to as professional indemnity insurance (PII), more commonly known as Errors & Omissions (E&O), is a form of business insurance designed to help professional advice, consulting and service-providing individuals and companies protect themselves against a negligence claim made by a client in a civil lawsuit for allegedly giving wrong advice, error in service, or incorrect data/information to clients.
Our innovative insurance products are modular and we can help you design a policy that is geared to your specialty services.
Some examples of professions that often require errors & omissions insurance:
- Architects
- Arbitrators and mediators
- Beauty and spa service providers
- Bookkeepers
- Business associations
- Consultants
- Data processors
- Educational institutions
- Engineers
- Executive search firms
- High tech firms
- Management firms
- Non-profit organizations
- Software developers
- Travel agents
Talk to one of our professional liability insurance experts to protect your business
and yourself with errors & omissions insurance.
You may need:
Contractual Liability
Cover your business both ways with contractual liability insurance.
Cyber Security
Cyber attacks are one of the fastest growing crimes. Protect your digital and financial assets.
Key Person
Don't let the loss of a key person in your organization be the death of your business.
Home Based Business
We offer a wide range of coverage options that are flexible and affordable.
I highly recommend any business owner to work with Reliance. They truly provide sensible, pragmatic advice and operate like they're your partners, not just a typical vendor.
— President, Sonic Closures
Related Articles
April 12, 2024
Shielding Small Businesses:
Why Directors and Officers Insurance is Essential
There are many good reasons to incorporate a business: better access to financing, ease of transferring or selling shares, lower tax rates, and increased credibility. […]
February 26, 2024
Breaking down the complexities of a co-insurance clause for commercial property owners
Co-insurance is a crucial concept frequently encountered in property insurance policies. It is essential for property owners in Canada to grasp the implications of commercial […]
February 6, 2024
The Walking Negligent: Liability insurance for businesses in an era of distracted pedestrians
In an era where distracted walkers are increasingly common, businesses must ponder the impact on their liability insurance. The question arises: who is responsible if […]
© Copyright 2024 Reliance Insurance Agencies Ltd. All Rights Reserved.