Are there any optional coverages available for IT professionals in Saskatoon?
Yes, we offer three optional business insurance coverages for IT contractors in Saskatoon: commercial general liability, cyber liability and director and officers liability.
Commercial general liability helps cover costs if a third party is injured or has their property damaged due to negligence on the part of you or your employee. A common example is someone slipping on the ice outside your company’s premises. If that individual injures themselves, they could sue your business to cover their costs.
Note that commercial general liability doesn’t cover injury to your company’s property or your employees.
Cyber liability helps cover the costs of recovering from a cyber-attack or data breach. This includes legal expenses, regulatory fines, public relations fees and other costs. As an IT professional, you understand the threat of cyber-attacks and the importance of having coverage for this risk.
Finally, directors and officers liability helps cover your legal expenses if you’re held personally liable for violating your duties in your role of director or officer. This helps protect your personal assets.