Professional Liability Insurance Alberta

Self-employed professionals and small business owners across Alberta – from Grande Prairie to Brooks, Fort McMurray to Coutts, Banff to Medicine Hat and everywhere across Wild Rose Country need to shield themselves from third-party allegations and lawsuits related to their professional services.

Professional liability insurance is designed to provide your business with financial support when facing customer claims alleging monetary losses resulting from your professional services because of negligence, misconduct, or failure to deliver a service as promised. It also provides protection for your media and advertising services that triggers a lawsuit against your customers if sued for defamation, libel, or slander.

Also referred to as errors and omissions (E&O) insurance or medical malpractice insurance depending on your profession, a professional liability insurance policy from Zensurance is the critical protection you need to safeguard your finances if you are sued for damages.

A professional liability insurance policy protects small businesses and independent professionals from a variety of liability exposures, including:

• Negligence
• Misconduct
• Misrepresentation
• Failing to deliver a service as promised
• Omissions
• Mistakes or oversights in your services
• Breach of contract
• Poor advice
• Products or devices you provide or develop for a client

Insurance providers determine the cost of a professional liability policy by weighing a variety of factors, including:

• Your business’s location
• The services you provide and your industry
• How many employees you have (if applicable)
• Who your customers are, the size of those organizations, and the industries they’re in
• Your years of experience
• Your annual and projected revenue