Professional Liability Insurance in Edmonton
MBS Insurance provides businesses with extensive professional liability insurance coverage in Edmonton. Our brokers work closely with you to identify the nature of your business to ensure that we provide you with a policy that adequately protects you and your business.
If you are a professional in the Edmonton area, it is crucial to protect yourself against liability claims related to the delivery of professional services. “Liability is the greatest risk for home-based businesses,” according to the Insurance Bureau Canada. Make sure you have the best professional liability insurance policy for your business by speaking directly with us.
What does professional liability insurance cover?
This type of insurance coverage will help with legal expenses in the event a client or a third party sues you. Lawsuits often arise due to a mistake or a failure to fulfill your services. This type of coverage includes:
- Cost of legal fees
- Cost of any potential settlements
All policies cover costs to a limit outlined in your policy. Our team of experience liability insurance brokers will work closely with you to ensure that you have the best policy and that the policy limit is suitable for your specific business needs.
Edmonton Professional Liability Insurance Protects you From Negligence Claims and Lawsuits.
It is also called Errors and omissions (E&O) insurance. Errors and omissions insurance is a specific type of professional liability insurance. It protects you from damages and legal defence costs if you advise clients wrongly or fail to provide expected advice, and your client or his or her business suffers as a result. Liability Insurance does not cover intentional or potentially criminal acts. E&O Insurance protects your business in the event of honest mistakes. Examples of scenarios that Errors & Omissions insurance covers can include:
- Not providing agreed upon service
- Providing incorrect advice to a client
- Negligence or misrepresentation
Contact Us Today for a Free Consultation
Our team of experienced commercial insurance brokers has the expertise to ensure that your business is adequately covered. We work closely with you to protect your business. Request a free quote online or contact our office at 780.436.7880 to speak directly with one of our brokers.