Professional Liability Insurance for Edmonton IT Professionals

Get a Quote Online In Minutes!

Start Quote
Two IT consultants working in Edmonton.

f you an IT contractor, freelancer or small IT business owner in Edmonton it’s important you protect yourself with professional liability insurance. Also known as errors and omissions insurance, this coverage can help if you’re sued for negligence resulting from your professional service or advice (or failure to provide it) causing financial loss. Mistakes happen – don’t let them ruin your business.  

Luckily, EasyCover makes it simple: 

  1. Provide your contact information. 
  2. Answer a few questions about your business. 
  3. Choose your coverage. 
  4. Review your quote. 
  5. Pay online 
  6. You’re insured! 

It really is that easy. Get peace of mind with affordable coverage.  

Professional Liability Insurance Coverage for IT in Edmonton 

If you’re an IT freelancer, contractor or small business owner in Edmonton, professional liability insurance covers you if you’re sued for negligence causing financial loss as a result of your professional service or advice or failure to deliver it. This includes your legal defence costs, judgement awards and settlements up to your coverage limit. 

Professional liability insurance does not cover bodily injury, property damage or criminal acts. A full list of exclusions and coverages can be found in your policy documents.  

At EasyCover, we also offer optional add-on protection: 

Commercial General Liability Insurance (CGL) 

Commercial general liability insurance (CGL) is the most basic form of liability insurance.  It offers protection in the event that you or any of your employees accidentally injure a third party or cause damage to their property while carrying out business operations. This includes any injuries or damages that occur on your premises or on a client’s property. 

 CGL insurance is considered a critical coverage option and if you have professional liability insurance but leave CGL out, you may leave your business vulnerable. We start CGL coverage at $1 million but you can choose higher limits if desired or required. 

Directors and Officers Liability Insurance 

Directors and officers can be held personally responsible for their actions while serving on a board of directors if they have acted outside the law or failed to perform their duties properly.  Directors and officers liability insurance (D&O) is designed to offer protection for directors and officers, covering legal expenses from claims brought by regulatory bodies, suppliers and vendors, employees, creditors, and customers. 

Criminal penalties or offences will not be covered as this type of loss is not insurable by law 

Cyber Liability Insurance 

Cyber liability insurance is designed to help cover certain costs following an alleged or actual hacking event or privacy breach. EasyCover’s cyber liability coverage includes network security liability and privacy liability. It may help cover the cost of network security and privacy breach costs, business income interruption losses, defence costs, extortion fees, digital asset losses, and regulatory fines. 

Every policy has a specified limit, so be sure to familiarize yourself with yours and note any exclusions or separate deductibles. 

Why do I need Professional Liability Insurance? 

Edmonton IT professionals may need professional liability insurance as part of your contract requirements. We recommend this coverage due to the high cost of legal expenses related to professional liability claims. Without this protection, you would need to pay these costs out of your own pocket.  

IT Professionals We Can Insure in Edmonton 

We offer coverage to the following Edmonton IT professionals:

  • CRM Systems Consultants 
  • IT Facilities Managers 
  • IT Hardware Consultants 
  • IT Hardware & Software Sellers and Suppliers 
  • IT Network Architects 
  • IT Outsourcing Consultants 
  • IT Program Managers 
  • IT Systems Analyst 
  • IT System Designers 
  • IT Trainers 
  • Network Communication Consultants 
  • PC / IT Network Supporters  
  • Search Engine Optimization Consultants  
  • Software Engineers, Developers, Programmers & Consultants 
  • Telecommunication Consultants 
  • Website Developers 

Don’t see your profession listed here? Contact us – we’re happy to refer you to a great insurance partner. 

How much does professional liability insurance cost for IT consultants in Edmonton? 

IT professionals will have insurance premiums reflective of their individual situations. The following factors impact the cost of professional liability insurance for IT professionals in Edmonton: 

  • Annual revenue 
  • Number of employees 
  • Provinces you operate in 
  • The type of IT work you do 
  • Your coverage options 

For example, an IT consultant making $75,000 a year with 1 employee may pay $440 per year for basic professional liability insurance. They could add on cyber liability coverage for an extra $150.  

A software engineer in Edmonton that makes $150,000 a year with no employees may pay $858 for $2 million professional liability insurance each year.  

Get an online professional liability insurance quote today and find out what your rates would be. 


Read More:

Can a Software Failure lead to a Lawsuit?

Is Cyber Liability Insurance enough coverage for It Contractors?

How much professional liability coverage do I need? 

We offer three levels of protection at EasyCover for IT professionals in Edmonton: 

  • $1 million 
  • $2 million 
  • $5 million 

This is the maximum amount that your policy will pay out over the 12-month policy period, regardless of the number of claims. 

Most contract requirements for professional liability insurance for IT professionals in Canada are $1 million or $2 million. You will want to consider the likelihood of a lawsuit and the potential total costs of a lawsuit as well. 

Examples of IT Professional Liability Insurance Claims 

Here are a few examples of claims that can be made against Edmonton IT professionals: 

  • A software product you developed fails to perform properly, resulting in a financial loss for your client.  
  • You accidentally infringe on the intellectual property owned by your client or a third party while installing or developing software or hardware. 
  • Your custom-made IT product breaks down, causing financial damages and business interruption for your client. 
  • You unintentionally breach confidential information related to your client while working on their IT infrastructure. 

There are many types of liability insurance and each will cover a different risk. Professional liability insurance specifically protects Edmonton IT professionals if they’re sued for causing financial loss due to negligence.  

These are two different types of insurance that cover two different types of liability risk. Professional liability insurance covers Edmonton IT professionals if they are sued for causing financial loss to a third party in the course of providing their service or professional advice. General liability wouldn’t cover you in this situation, as it covers injuries and property damage caused by negligent acts. Both are important coverages.

As an IT professional in Edmonton, we strongly encourage you to have cyber liability coverage. Cyberattacks can impact businesses of any size and you may be held accountable.

Why choose EasyCover? 

Edmonton consultants should choose EasyCover for their professional liability insurance because we offer:

  • Great coverage.
  • Competitive prices.
  • Convenience.
  • Quick, easy service to get a quote or purchase your policy.

We’re one of the few digital options in Canada – you don’t need to speak to a broker to get insured! We provide the professional liability insurance consultants in Edmonton need and make it easy.

Protect yourself against the unexpected.

Protect yourself against the unexpected with Professional Liability Insurance for IT in Edmonton from EasyCover.

Start Quote