Professional Liability Insurance
Protect your company from the potential harm associated with the service or advice you provide.
Who is Professional Liability Insurance suited for?
If your company provides advice or a service to client for a fee, you have an E&O exposure. Typical examples of professions that require this type of coverage are:
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Factors Affecting Liability Insurance Cost:
The cost of liability insurance can vary depending on a number of factors. One of the main factors is the type of business or profession being insured. At InsureBC, we understand that every business is unique, which is why we offer customized liability insurance solutions that are tailored to your specific needs and budget. Some of the factors that could affect your liability insurance cost are listed below:
Type of Industry
The industry in which your business operates can significantly impact your liability insurance cost. For example, a business in the construction industry may face higher risks and may require higher coverage levels than a business in a lower-risk industry.
Revenue
Your business's revenue can also impact your liability insurance cost. Higher revenue businesses may require higher coverage levels and therefore, may have higher premiums.
Level of Experience
Your business's level of experience can also impact your liability insurance cost. Start-up businesses or those with limited experience may face higher insurance premiums due to the increased risks associated with new businesses. As a business gains more experience and a track record of success, insurance premiums may decrease.
Customer Testimonials
At InsureBC, we're proud of the trust our clients place in us. See what they have to say about their experiences working with our team of expert insurance brokers.
InsureBC helped me choose the right policy for my tech startup that covered all my needs. Their customer service was fantastic, and the process was easy and hassle-free.
As a small business owner, I was worried about the risks that come with running a business. InsureBC made it easy for me to get the coverage I needed and their customer service was excellent. They helped me find the right policy for my business and were always available to answer any questions I had
We needed a policy that would protect us from any potential lawsuits. InsureBC provided us with the coverage we needed and their customer service was exceptional. They helped us understand the complexities of insurance and made sure we had the right coverage for our practice
Second time now being helped with commercial liability insurance. Both times they were very helpful and very attentive to my requests. Highly recommend. Excellent service!
Frequently asked Questions
How much does Professional Liability Insurance Cost in BC?
A Professional Liability policy is not nearly as expensive as people think. Depending on the type of service your company offers, a policy can start as low as $700 annually. Please contact one of our 90 locations for a free, no-obligation quote for E&O insurance.
How do I get started with professional liability insurance with InsureBC?
To get started, you can fill in the quote form on our website, or contact your local office to discuss your specific needs. We'll tailor a policy that’s right for you.
Why do I need professional liability insurance?
Professional liability insurance gives you peace of mind that your business has protection against potential legal costs related to a claim. It also helps protect your assets, employees, and reputation should any allegations be made against you or your organization.
Looking to File a Claim?
Our dedicated claims department is committed to making the claims process as smooth and stress-free as possible. Whether you need to file a claim for your home, vehicle, or business, we have the expertise to guide you through the process.
