What does professional liability insurance cover for social services in Vancouver?
Professional liability insurance covers legal expenses if you are sued for causing financial loss to a third party as a result of your professional service or advice. We offer three levels of coverage: $1 million, $2 million and $5 million. This is the maximum amount of coverage that will be paid out over a 12-month period.
The amount of coverage depends on your individual business. Consider the likelihood of a lawsuit, the average cost of a lawsuit in your industry, and the value of your contracts. Our policies may include retroactive cover, which includes claims brought during the policy period arising from incidents that occurred prior to the start date of the policy. Please note you will have to disclose any potential claims.
Claims scenarios for Social Services Professionals
You could be sued as a social service professional for real or perceived errors, no matter your years of experience or good intentions. Here are a few claim scenarios:
- A complaint is filed against your organization for negligence in providing a service to a client.
- You made an administrative error on a past client’s documents to their health insurer and they hold you liable for the resulting financial losses.