Is Professional Liability Insurance Worth It In Canada?

Wondering if professional liability insurance is really worth it? Ask yourself this…

Am I perfect? As much as you strive to deliver the very best services, advice and guidance to your clients, being perfect 100% of the time isn’t always achievable. In fact, one tiny inadvertent error can lead to a chain reaction of complex and costly problems down the road. If you work as a consultant in any capacity, you know that it’s your expert advice that people seek out. And the potential for things to go wrong is exactly what makes professional liability insurance worth it for Canadian consultants and business owners.

In the real world, mistakes happen. This real-world Canadian claim proves the worth of professional liability insurance

A seemingly innocuous mistake has the potential to quickly snowball. Here’s how it can happen. Let’s say you are a recruiting consultant and fail to conduct a reference check on a prospective employee for your client. After they are hired, the new employee misappropriates money from your client’s company.

Unfortunately, that missing reference check was the tipping point in this situation. That’s because the recently hired employee has a long history of fraud. In an effort to recover the missing funds, your client decides to sue you &/or the company. Based on the scope of work and your experience as a recruiting consultant, your client claims that duty was breached. Your client claims the financial loss they suffered was a direct result of your negligence as a recruiting consultant.¹

It doesn’t matter what industry you work in. As a professional who provides expert advice, liability insurance is worth it in Canada. That’s because professional liability insurance protects you as the consultant and covers your organization/business and its reputation. It’s also because many prospective clients now require professional liability insurance from their business consultants.

Ready to get professional liability insurance?

We know that anyone who works as a consultant in Canada is constantly juggling multiple responsibilities. Finding time to take care of business essentials like insurance isn’t easy. This is why we make buying online insurance with ALIGNED simple and straightforward.   

Get your online professional liability insurance ALIGNED…instantly!

We currently offer online professional insurance for more than 100 professions. Click on any of the links below to buy online commercial liability coverage right now:

• Employee Benefit Consultant
• Human Resources Consultant
• Training Consultant
• Translator
• Videographer
• Business Analyst
• Business and Management Consultant
• Change Management Consultant
• Event Organizer
• Life / Career / Executive Coach
• Loss Adjustor
• Media Buyer
• Personal Concierge
• Photographer
• Social Worker
• Title Searcher
• Website Designer
• More than 83 additional professions…

Work in health services? Get ALIGNED with your online professional liability coverage…

• Nutritionist / Nutritional Consulting
• Registered Massage Therapist (RMT)
• Reflexology
• Shiatsu
• Sports Massage
• Acupressurist Services
• CPR / First Aid Services
• Tai Chi
• Yoga
• More than 55 additional health services professions…

Fitness or personal training professional? Click to get your online liability coverage fully…ALIGNED

• Personal Trainer
• Tennis Instructor
• Zumba Instructor
• Aquatics Instructor
• Boot Camp Trainer
• Boxing For Fitness Instructor (Non-Contact)
• CrossFit Trainer
• Dance Instructor
• Golf Instructor
• Aquatics Instructor
• Boot Camp Trainer
• Boxing For Fitness Instructor (Non-Contact)
• More than 19 additional personal training and fitness professions…

Don’t see your profession on the list above? Let’s talk.

Sources:  ¹ ALIGNED Insurance: Why business consultants need E&O coverage; ² ALIGNED Insurance: Online professional liability insurance for a business consultant in Canada

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