Professional Liability Insurance for Regina Management Consultants

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As a management consultant, you’re hired to plan, direct and monitor a specific area of a client’s business. The expectation, and your goal, is to steer the business towards success. But the reality is mistakes happen, no matter your level of expertise and knowledge.

That’s where professional liability insurance comes in. This coverage provides management consultants in Regina with protection should a client claim your advice or service resulting in financial damages.

Just as our name says, EasyCover makes it easy for management consultants to get the protection they need from unexpected lawsuits. The entire process—from getting your free quote to paying your premium—can be done online in about five minutes.

What does professional liability insurance cover for management consultants in Regina? 

Professional liability insurance in Regina (also known as errors and omissions) can protect management consultants in Regina from shouldering the costs of an unexpected lawsuit. 

Any mistakes in your professional advice or service, no matter how small, can have a significant impact on your client’s bottom line—which they can sue you for. This coverage can help you cover legal defence costs, such as legal fees, as well as any settlements or judgements you may have to pay.

The claims that management consultants face vary depending on your area of expertise; however, at a high level, a client can sue you for any errors, poor advice or negligent acts that cause them financial hardship. Professional liability insurance can help cover your defence costs against these claims, so long as the actions being brought into question were unintentional. 

Who needs professional liability insurance? 

Any management consultant in Regina who provides advice or service for a fee should have professional liability insurance. Management services vary greatly, which is why EasyCover provides coverage for consultants in Regina who specialize in the following management fields: 


  • Business process re-engineering 
  • Change management 
  • Company development and planning 
  • Distribution  
  • Estates and facilities 
  • Finance and accounting 
  • Human resources 
  • Operations 
  • Personnel management and selection 
  • Procurement management 
  • Quality systems 
  • Sales and marketing 
  • Training  

Don’t see your specialty listed? Contact us today, and EasyCover’s professional liability insurance brokers can discuss your options and find you coverage at a competitive rate. 

Is professional liability insurance mandatory for management consultants in Regina? 

Unlike auto insurance, which is mandatory in every province across Canada, professional liability is not legally required for management consultants in Regina. That said: 


  • Clients may require you to carry professional liability insurance. Your clients may stipulate that you have certain levels of insurance, including professional liability. Having this coverage reassures clients that you’re financially prepared to cover any unexpected expenses they might incur due to mistakes in your professional advice or service. 


  • You risk losing a lot without it. Not having professional liability insurance is like betting on never making a mistake. This is not a worthwhile gamble, especially since our society is becoming increasingly litigious. You’ll have to cover legal defence costs, settlements or judgements on your own if you don’t have professional liability insurance, which can be detrimental to the financial success of your business. 

How much should management consultants in Regina expect to pay for professional liability insurance? 

The rates for professional liability insurance are based on a couple of factors, including: 

  • your area of specialization 
  • your company revenue 
  • the size of your company workforce 
  • your level of coverage 
  • your insurance and claims history 


With EasyCover, professional liability insurance premiums for management consultants in Regina could start at $330 per year. You can also choose to bundle with additional liability insurance to ensure your business has comprehensive coverage. 

What optional coverages are available for management professionals in Regina? 

Besides offering professional liability insurance, EasyCover can also provide a few additional protections for management consultants 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. 

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. 

What is the right amount of professional liability insurance for management consultants in Regina? 

EasyCover offers three levels of professional liability insurance coverage: 

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


It’s important to carefully consider your coverage as this is the maximum amount you’ll receive for all claims—including defence costs, settlements and judgements—within a 12-month period. 


When it comes to determining your level of coverage, management consultants in Regina should consider: 

  • 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. 


You know your business, clients and the risk-level of your industry best; however, you can contact our professional liability insurance brokers if you’re interested in discussing your coverage options further. 

Get PLI for Management Consultants in Regina

Protect yourself against the unexpected with Professional Liability Insurance for Management Consultants in Regina from EasyCover.

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