Professional Liability Insurance for Saskatoon Social Services
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Social service professionals provide essential care for many vulnerable people in Saskatoon. While your goal is always to help others, unfortunately, this isn’t always the result. Professional liability insurance helps protect Saskatoon’s social service providers if they’re sued for causing financial loss as a result of their service or advice. With EasyCover, you get great coverage for an affordable price. Plus it’s incredibly easy – we’re online and available 24/7.
Do Saskatoon’s social service providers need professional liability insurance?
There are several reasons social service professionals in Saskatoon should have professional liability insurance:
- It’s required by your regulatory body or professional association.
- It’s required by a contract.
- Lawsuits are expensive and you can’t afford to cover the costs out of pocket.
What is covered by professional liability insurance for social services in Saskatoon?
Professional liability insurance can cover legal expenses if you are sued for causing financial loss to a third party as a result of your professional service or advice. This includes defence costs, judgement awards and settlements. This coverage applies whether you are found to be at fault or not (you’ll still need legal representation regardless) but intentional and criminal actions are not covered.
You’re also only covered up to your policy limit. We offer three insurance limit choices at EasyCover: $1,000,000; $2,000,000; and $5,000,000. This is the maximum amount that will be paid out during a policy period, regardless of the number of claims. Consider the likelihood of a lawsuit, its expected costs, your annual revenue and your individual clients and contracts to determine your appropriate limit.
As a bonus, our policies all include retroactive cover. This means you are covered for claims made during your policy period arising from previous actions.
Are there optional coverages available for Saskatoon social service providers?
Yes, EasyCover offers three optional business insurance coverages for Saskatoon’s social services:
- Commercial general liability helps cover costs if a third party is injured or has their property damaged as a result of your negligence.
- Cyber liability can help cover recovery costs if your business is a victim of a cyber-attack or data breach, up to your policy limit.
- Directors and officers liability helps cover legal expenses if you’re held personally liable for breaching your duties as a director or officer.
How much does professional liability insurance cost for social service providers in Saskatoon?
The cost of professional liability insurance for social service professionals in Saskatoon will depend on your individual situation. Our policies may start at $440 per year for basic professional liability insurance, with commercial general liability starting at $220 per year and cyber liability starting at $150 per year. Your rates will depend on many factors including your insurance options, annual revenue, where you operate, your business operations and the number of employees you have.
Protect yourself against the unexpected.
Protect yourself against the unexpected with Professional Liability Insurance for Saskatoon Social Services from EasyCover.
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