Safeguard yourself by acquiring IT Professionals Business Insurance.
Insurance specifically designed for IT consultants provides coverage for client lawsuits, property destruction, and various other risks that may arise.
Click on one of the below topics to unpack your Business Insurance:
Professional Liability Insurance, also called errors and omissions (E&O) insurance or malpractice insurance, protects individuals from accusations of misconduct, negligence, or failure to meet advertised service standards if a customer alleges that your advice or service was incorrect and they experience financial loss or damage.
As a result, they have the potential to take legal action against you. The purpose of professional liability insurance is to provide coverage for your legal expenses and any financial judgments that the court may impose.
Commercial General Liability (CGL) Insurance, commonly known as “slip-and-fall insurance,” provides essential coverage to safeguard your business against everyday risks.
CGL offers protection in the event of third-party bodily injury or property damage that occurs at your business premises. If an accident occurs while someone is visiting your office and it is determined that your negligence played a role, you could have to pay a substantial settlement amount.
Commercial Property insurance safeguards the property and contents of your office and covers the expenses associated with replacing them in the event of a covered loss. Your office is a physical space and a representation of your professionalism and credibility.
Therefore, ensuring that all the necessary job-specific items within your office are adequately protected is crucial. By securing these items, you can minimize downtime and quickly resume operations after experiencing a loss.
This coverage is essential if your business stores sensitive client information, bank records, or other vital information on its computer systems. As a business owner, being realistic about cybercrime risks is essential.
One beneficial aspect of a Cyber policy is the inclusion of Crisis Management expenses, which often encompass the necessary Public Relations Management that is often associated with a Cyber Breach.
Protect your business from unexpected disruptions with Business Interruption insurance. While property insurance covers physical assets, this policy ensures you don’t lose crucial income when your business is closed due to an insured event. This coverage can replace the revenue you need to protect your business’s future.
Simply put, this coverage is designed to pay necessary expenses to help maintain profit.
Get a customizable health insurance plan that helps replace or fill the gaps in your provincial or workplace benefits, whether you’re looking for individual or family health insurance that best meets your needs. A Basic Plan Includes:
- Accidental Dental
- Drug Prescriptions
- Health Practitioners
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Insurance tailored for Information Technology Consultants in Canada.
Depending on the selected coverages, our insurance provides comprehensive protection for IT consultants, including coverage for Office Contents, General Liability, Professional Liability, Tenants Legal Liability, and Non-Owned Auto.
Rest assured that with our Policy, you can confidently focus on your work, knowing you are protected against potential risks and liabilities.
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When you advise businesses on a daily basis, unintentional incidents can occur. A professional error in a piece of work, an accident while visiting a client’s premises that causes injury, or the theft of clients’ personal digital information could have a serious financial impact on your business.
According to a survey from (IBC), almost half of Canadian small businesses found that they suffered a cyber attack reported that it cost them at least $100,000.
What is General vs. Professional Liability Insurance?
Defending against lawsuits can be expensive, primarily if you work as a freelancer. This is where professional liability insurance, also known as errors and omissions insurance, comes into play, as it helps protect consultants from liabilities related to professional negligence.
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