Professional Liability Insurance for Vancouver Management Consultants

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Confident young management consultant standing in downtown Vancouver.

As a management professional or management consultant, you may deal with overseeing projects, implementing changes, and supervising employees. You’ll deal with budgets and deadlines and could be held responsible for success or failure. If a client blames your management services for financial loss, you could be held liable.  

Professional liability insurance protects management consultants in Vancouver if they are sued for causing financial loss due to their professional services. At EasyCover, we make getting professional liability insurance easy. It’s online, it’s quick and you get great coverage.  

How much does professional liability insurance cost for management consultants in Vancouver?  

 The cost of professional liability insurance depends on: 

  • The number of employees 
  • The type of contracts you take on and how many 
  • Your insurance coverage and limits you choose 
  •  Your annual revenue 
  • Your insurance history 
  • Which province(s) you operate in 

The quickest way to know how much your insurance will cost is to get a free quote with EasyCover’s online tool 

Management Professionals Insured by EasyCover in Vancouver

EasyCover has insured the following types of management consultants in Vancouver: 

  • Business process re-engineering  
  • Change manager 
  • Company development and planning 
  • Distribution manager 
  • Estate/facility director 
  • Finance and accounting 
  • Human resources director 
  • Operations manager 
  • Personnel management and selection 
  • Procurement manager 
  • Production manager 
  • Quality systems manager 
  • Marketing manager 
  • Sales manager 
  • Training manager 

If you do not see your speciality, contact us! We’re happy to refer you to a trusted industry partner.  

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

Management consulting comes with risks: missing a deadline, presenting misleading information, or even making a mistake. This can cost your clients. To recoup these costs, they may sue you.  

Professional liability insurance helps management professionals cover legal expenses if they’re sued for causing financial loss as a result of their professional services. This includes defence costs, settlements and judgement awards.  

EasyCover offers the following levels of coverage: 

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

This is the maximum amount your policy will pay out over the 12-month policy period, regardless of the number of claims you have. At EasyCover, we also offer retroactive cover, which extends your coverage to include claims made against you during the policy period for wrongful acts that occurred prior to the policy start date.  

Additional Liability Insurance Options for Vancouver Management Professionals  

While EasyCover specializes in professional liability insurance, we also offer  the following additional business insurance coverages for managers: 

  • Commercial general liability insurance 
  • Cyber liability insurance 
  • Directors and officers liability insurance 

Cyber Liability Insurance 

Cyber liability insurance is an increasingly important coverage option, as it insures businesses if they suffer a cyberattack or data breach. As most management professionals deal with customer data at a minimum, this coverage is important to have. Cyber liability can help cover costs such as extortion expenses, recovery costs, legal fees, regulatory fines and more.    

Commercial General Liability Insurance (CGL) 

Commercial general liability insurance helps cover legal expenses if you or an employee unintentionally causes injury or property damage to a third party due to a negligent act. A common example is if someone slips and falls at your office or if you accidentally damage a client’s property on a work site.   

EasyCover’s commercial general liability protection limits start at $1 million although we do have higher limits if needed. We strongly recommend all management professionals carry this coverage.  

Directors and Officers Liability Insurance (D&O) 

If a director or officer is accused of breaching their duty, directors and officers’ liability insurance can help cover legal expenses. This usually applies when the director or officer is alleged to have personal responsibility by creditors, regulatory bodies, vendors or customers. Keep in mind that intentional or criminal acts are not covered.  

When would professional liability insurance be important for management consultants in Vancouver? 

Whether you’re a management professional in IT, HR or PM, you can be held liable for causing financial loss to your client. Professional liability insurance helps protect management consultants in Vancouver financially.  

Often, you may be required to hold professional liability insurance by a regulatory or professional organization or by contract with your client.   

Here are some examples where having professional liability insurance comes in handy:  

  • If a client perceives you to have offered information that was misleading or faulty, you could be sued as a result. 
  • You made an error that caused a project launch to be delayed and the client sues you for the additional costs due to your negligence. 
  • You offer the wrong advice when serving as a project manager and your client holds you financially responsible. 

Why choose EasyCover for your consultants’ professional liability insurance in Calgary? 

EasyCover offers great coverage at affordable prices. We’re also super convenient because Vancouver management professionals can get a professional liability insurance quote at any time. You can even buy your coverage online! We make insurance as easy as possible because we know you’re busy. Get started today with a professional liability quote! 

All that we ask from you is to answer a few questions about who you are and what you do, including: 

  • Industry 
  • Physical location and where you operate 
  • Your day-to-day operations 
  • Contact information 
  • Number of employees 
  • Insurance history 
  • Coverage options 

EasyCover wants to help you protect your business. That’s why we make it simple to get comprehensive coverage at an affordable price.  

Protect yourself against the unexpected.

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

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