Hi, I’m Harry from Zensurance, and I’m here to talk to you about something very important, insurance coverage for Canadian consultants.
We’ll quickly go over what this insurance coverage is, what it covers, and typically how much it costs.
If you’re a consultant in Canada, you’ve probably wondered if you need insurance, and you’re not alone. Every single day at Zensurance, we get hundreds of inquiries, from Management Consultants to Health and Safety Consultants and everything in between.
As a Consultant, you provide important services and advice to businesses in different industries, and sometimes this advice can lead to undesired results. Allegations of errors or professional negligence that have stemmed from a client suffering a financial loss could result in legal action against you and very high defence costs. Even worse, it could mean having to close down your business.
Now, what exactly does this insurance cover?
Well, in short, it protects you against the main exposure your business faces on a daily basis. The most basic package includes:
- Professional Liability, also known as Errors and Omissions coverage, which will protect you if your advice results in a financial loss to your client.
- Commercial General Liability, which is a safeguard against injuries or property damage to third parties.
Additionally, our clients often supplement these two coverage options with Cyber Liability and Legal Expense Insurance.
So, now we know what this insurance covers, but much does it cost?
Well, it varies based on the industry you serve, your revenue, and your years of experience.
To find out how much your insurance coverage will cost, visit us at www.zensurance.com and click ‘Get A Quote.’ From there, type in a few words that best describe your business, answer a few questions, and that’s it. Based on the information you provide, we’ll recommend the best policy and give you a price estimate. In case additional information is required, a Zensurance commercial broker will happily assist. It’s that easy, and it’s that simple.
If you have more questions about Consultant Insurance coverage in Canada, reach out to us:
- You can go to the chat function on our website;
- Send us an email at firstname.lastname@example.org; or
- Call our Canadian toll free number: 1-866-654-6030.