What kind of insurance coverage do finance professionals in Halifax require?
You should refer to all contracts for any contractual insurance requirements. This includes any contracts with clients and landlords. You should also review any governing or regulatory body requirements and recommendations.
We recommend all finance professionals in Halifax carry professional liability insurance. Depending on your situation, you may require additional business insurance coverage. At EasyCover we offer a number of other critical protections, including cyber liability insurance, directors and officers insurance, and commercial general liability insurance.
Cyber Liability Insurance
Finance professionals in Halifax are responsible for sensitive customer data. We strongly recommend you carry cyber liability to protect your business in the event of a cyberattack or privacy breach. Our cyber coverage can help cover legal expenses, digital asset losses, regulatory fines and more.
Commercial General Liability Insurance (CGL)
Commercial general liability insurance (sometimes referred to as CGL) helps cover legal expenses if a third party is hurt or has their property damaged as a result of negligence by you or an employee. A common example is if someone slips and falls while visiting your office.
Our coverage starts at $1 million with higher coverage limit options available.
Directors and Officers Liability Insurance
Directors and officers insurance, or D&O insurance, is designed to protect individual officers and company directors from personal loss if they are sued due to negligent acts or breaches of duty while carrying out the Board responsibilities. Refer to the policy language for specific exclusions.