What’s covered by professional liability insurance for forensic experts in Saskatoon?
Professional liability insurance is designed to cover legal expenses arising from a claim of financial loss by a third party as a result of a forensic expert’s professional service or advice. For example, you could be accused of making a mistake leading to a wrongful conviction which resulted in a loss of income and other financial repercussions.
Even if you haven’t actually made a mistake – you’ve just been accused of making one – you’ll still need to cover your legal defence costs. Professional liability insurance may cover you whether or not you’ve actually made a mistake (although you’re not covered for any intentional and criminal actions).
A benefit of choosing EasyCover for your professional liability insurance is that our coverage is retroactive. That means any claims that occur during your policy period that arise from your past actions are covered for the duration of your policy with us. This comes in handy as liability claims can take some time to manifest, meaning a claim against you could surface years later. Just be sure to disclose any potential claims to your insurer as soon as you are aware of them.
Covered legal expenses may include defence costs, judgement awards and settlements, up to your policy limit. We offer three limits:
Choose your limit based on the likelihood of a lawsuit and expected cost of a lawsuit, your annual revenue, and the number of clients and value of each contract.