Professional Liability Insurance for Regina Legal Services

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Legal service provider meeting with clients in Regina.

As a legal professional who provides services or advice in Regina, you may find yourself accused of negligence—and you know how expensive litigation can be. That’s why it’s critical to have the right insurance coverage.

 

Professional liability insurance in Regina can help legal service providers cover defence costs and damages in cases where clients claim the advice or service they received resulted in a financial loss.

Fortunately, EasyCover provides competitive and comprehensive professional liability insurance to legal service providers in Regina, including paralegals, legal executives, legal secretaries and more.

Don’t gamble on never making a professional mistake or never working for a litigious client. Get your legal services professional liability insurance from EasyCover.

What is professional liability insurance and why do legal service providers need it?

Professional liability (sometimes called errors and omissions) is a unique form of insurance that provides legal service providers in Regina protection from lawsuits stemming from claims of negligence causing financial damages. This is different from other liability coverage, which typically only offers protection from incidents of third-party property damage and bodily injury.

Is professional liability insurance mandatory for legal service providers in Regina?

Some national and provincial law societies require certain legal professionals—paralegals, for example—to carry professional liability insurance.

Regardless of whether professional liability insurance is mandatory or not for your profession, it is advantageous for all legal service providers in Regina to have this coverage. Without it, you’ll have to cover the legal defence costs that add up when defending yourself from a client’s claim of negligence resulting in financial damages.

 

That’s why EasyCover provides professional liability insurance to the following legal service providers in Regina:

  • Legal executive
  • Legal secretary
  • Legal skills trainer
  • Paralegal
  • General legal support

If your legal services occupation isn’t listed, contact EasyCover and one of our professional liability insurance brokers will discuss your options.

What does professional liability insurance cover for legal professionals in Regina?

Mistakes happen, and clients can sue when errors in professional advice or services cause them a financial loss. In this case, typically only professional liability insurance will help legal service providers in Regina cover defence expenses (subject to policy terms and conditions). This could include legal fees and restitution.

How much does legal services professional liability insurance cost in Regina?

Professional liability insurance rates are based on several factors, including:

  • your annual revenue;
  • if the coverage is just for you or for a small business with employees;
  • in which provinces you operate;
  • your level or amount of coverage; and,
  • your insurance and claims history.

What optional coverages are available for legal service providers in Regina? 

Besides offering professional liability insurance, EasyCover can also provide a few additional protections for legal professionals in Regina.  

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. 

If you have clients visiting your office, we highly recommend having this coverage in Regina.

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. 

You will likely deal with private information in the legal field, so this coverage is important to have.

How much professional liability coverage should legal service providers in Regina have?

EasyCover offers legal service providers in Regina three levels of professional liability insurance coverage:

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

You know your business, clients and the risk level of your industry best. Considering the following will help you determine your optimal level of coverage:

  • the type of clients you work for;
  • how risky of an environment you and your clients operate in;
  • the overall value of your work; and,
  • the size of a legal claim that can be made against you.

When determining your level of coverage, it’s also important to remember this is the total maximum amount you’ll receive for all claims during your 12-month policy term.

With our unique online platform, legal service providers in Regina can get their professional liability insurance in five easy steps:

 

1. Provide your contact information.

2. Answer a couple of questions about your occupation, including your annual revenue.

3. Select professional liability coverage for yourself or your small business. Also decided if you want to add other coverages, such as general liability and cyber insurance.

4. Review your instant quote.

5. Pay for your policy online.

 

It’s that easy to get covered, any time, any day, without needing to speak with a broker.

These are two different types of insurance that cover two different types of liability risk. Professional liability insurance covers consultants 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. 

PLI for Legal Service Professionals in Regina

Protect yourself against the unexpected with Professional Liability Insurance for Legal Service Professionals in Regina from EasyCover.

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