Professional Liability Insurance

As your occupation is professional nature, you could be liable in the event of your errors, omissions or malpractice in the service you rendered. You would like to avoid any financial loss caused by lawsuits. Your professional liability insurance protects you from the incidents.

Professional liability insurance would provide defence costs even a suit by client or patient is groundless. We can arrange it wherever you are in Alberta, BC or Ontario. Our underwriters are mainly from Lloyd’s of London and Canadian domestic markets.

In medical or health care practice field, malpractice suite could not result from only physical injury but alleged injury such as in emotional or psychological nature. You could be liable for negligence in providing or failing to provide, professional services.

Professional Liability insurance is claims made policy therefore your need to maintain coverage even after you have completed the work, services or even after you retired.

Claims made policy means that a claim should be made during the policy period unless the claim report period is extended for specific term after its expiration.

In addition to professional liability insurance, there is commercial general liability insurance to consider. You may be legally liable to pay compensatory damage due to body injury or property damage arising from your operations other than your own professional service rendered. Such damage could result from water damage caused by accidentally touching an automatic sprinkler of the building. If a guest slips and falls in your office, or has an arm broken by a falling bookcase, you could be liable for the damages and could be subject to medical payment or a lawsuit. Since you have regular income or you have an asset, you could be sued for the income or the asset. Commercial general liability would provide coverage for situations such as these. This is sometimes a requirement to the professional liability insurance.

You could include coverage for your business properties as well as business income in case your business is interrupted by insured perils.

*Subject to the provisions, conditions, definitions, limitations and exclusions as described in the policy wordings.

As a member of the largest independent insurance broker group, we have large and respective professional liability insurance markets. We find best coverage with competitive price. Please let us know what your needs are. We can customize your coverage, such as increasing the liability coverage up to 10 million dollars.