Professional Liability Insurance for IT Consultants in Winnipeg

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One of the biggest risks IT professionals face is the threat of a lawsuit. At EasyCover, we make it easy for Winnipeg’s IT consultants to protect themselves with professional liability insurance. It’s fast, simple and entirely online.

What’s covered by professional liability insurance for IT consultants in Winnipeg?

If you’re sued for causing financial loss to a third party as a result of your service or advice, professional liability insurance can help cover your legal expenses. This includes defence costs, judgement awards and settlements.

For example, let’s say you create and install software for a client. Unfortunately, the software crashes and your client sues you for the loss of income to their business and the cost to fix the software or replace it. While no one ever wants to make a mistake, it happens and professional liability insurance can help reduce the financial impact on your IT business in Winnipeg.

How much does professional liability insurance cost for IT professionals in Winnipeg?

The cost of professional liability insurance for IT consultants in Winnipeg will depend on the individual business. Here are some factors that impact your rates:

Where you operate your business.
The specific work you do.
The number of employees you have.
Your average revenue.

The insurance coverage you choose.

Here are some examples of what IT consultants might expect to pay for professional liability insurance in Winnipeg:

An IT consultant earning $90,000 a year might expect to pay around $440 for basic professional liability insurance in Winnipeg.
A network architect earning $225,000 per year might expect to pay $950 for their basic professional liability insurance in Winnipeg.

Note these examples are for reference only and do not indicate an agreed premium.

How much professional liability insurance do Winnipeg IT consultants need?

We offer three optional limits of coverage: $1,000,000; $2,000,000; and $5,000,000. The amount of coverage you need will depend on your individual situation. You should consider:

The likelihood of a lawsuit.
The expected cost of a lawsuit in your industry.
The value of the contracts you have.

The number of contracts you have.
Your annual revenue.
Any requirements for professional liability insurance in your contracts, professional associations or regulations.

Are there other coverages available for IT professionals in Winnipeg?

We also offer the following insurance to Winnipeg’s IT professionals: commercial general liability, cyber liability and directors and officers liability.

Yes, EasyCover offers three additional insurance coverages for IT professionals in Winnipeg.

Commercial general liability covers legal expenses if you’re sued for causing an injury or property damage to a third party due to negligent acts. A common example is someone visiting your workspace, tripping, falling and hurting themselves.

Cyber liability covers costs associated with recovering from a cyber-attack or data breach. This can include regulatory fines, legal expenses, public relations, and other costs, up to your policy limits. We strongly recommend this coverage given the prevalence of cyber-attacks in the IT industry.

Directors and officers liability covers legal expenses if you’re held personally liable for failing to perform your duties as a director or officer. This can help protect your personal assets but does not include coverage for any criminal acts.

Does EasyCover insure all IT professionals in Winnipeg?

We can insure many different IT specialists living in Winnipeg including:

CRM System Specialists
IT Facilities Manager
IT Hardware Consultant
IT Hardware Sales & Supply Consultant
IT Network Architect

IT Outsourcing Consultant
IT Program Manager
IT Project Manager
IT Security Consultant
IT Software Consultant

IT Software Developer/Programmer
IT Software Sales
IT Software Tester
IT System Analyst
IT System Designer

IT Training Consultant
Network Communication Consultant
PC/IT Network Support Consultant
Search Engine Optimization Specialist
Telecommunications Consultant

Website Designer

If your specialty isn’t listed here, contact us! We will see what we can do or refer your business to a trusted industry partner.

Protect yourself against the unexpected.

Protect yourself against the unexpected with Professional Liability Insurance for IT Consultants Winnipeg from EasyCover.

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