What You Should Know About Training Consultant Insurance
Your clients depend on your expertise and advice to help them with arguably their most important business activities: ensuring that their talent is suitably trained in their job functions, that policies and procedures are effectively communicated and that the business culture is instilled every step of the way. With that heavy a responsibility comes a corresponding weight of expectation and professional duty. As anyone in the service industry will tell you, some clients are impossible to please. Training consultants insurance can cover your legal fees if one of them decides, with or without merit, to take you to court. It can also cover legal fees and other costs associated with personal injuries, cyber security breaches, accusations of bad advice, intellectual property theft and more.
Training Consultant Insurance Coverages
Insurance for training consultants are customizable and tailored to meet the unique needs of individual training consultants in private practice and large training consultant firms alike. Legal protection coverages can include lawyers’ fees, legal costs to mount a defence, reimbursement for billable hours lost while in court, out-of-court settlements, liability claims and damages awarded by the court.
Errors & Omissions (E&O) / Professional Liability Insurance is liability coverage for claims that bad advice, mistakes, deficient performance or negligence, for example, resulted in losses for your client.
Commercial General Liability Insurance provides legal coverage for suits alleging personal injury, property damage, false advertising and libel & slander.
Property Insurance whether you own or lease a commercial unit or work from a home office, your building and/or contents need protection in case of fire, sewage backup, flooding vandalism and other perils. Optional extensions include:
- Business Interruption cover which reimburses you for lost income caused by an insured peril; and
- Extra Expense covers for the costs of setting up a temporary workspace following an insured peril.
Cyber Liability & Privacy Insurance as training professionals, you hold intimate and sensitive information about your clients and their businesses. A breach of your devices or network could be disastrous. Cyber liability insurance can cover for third-party losses, data and systems restoration, notification costs and more.
Employment Practices Liability (EPL) Insurance can provide legal coverage for lawsuits alleging wrongful dismissal, harassment, discrimination, and other employment-related suits related to your employees and training business.
Commercial Auto Insurance / Commercial Vehicle Insurance mandatory insurance policy for the vehicles used in your consultancy business.
ALIGNED – Like You, We’re Experts in Our Field
When you chose ALIGNED, you get an advocate looking out for your best interests who is also a commercial insurance expert. Commercial insurance is all we do. Our advocates save you time, money and the hassle of shopping around for training consultants insurance that covers all of your risks at an affordable rate. We work with Canada’s top insurance companies to get you the right insurance policy that suits your needs and budget. Contact an ALIGNED advocate to get a free quote in minutes or get started right away by using our free online tool.
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- Get An Insurance Quote Online In Canada