Professional Liability
Need for Insurance
With an ever-expanding communications/news network, the need for professional liability insurance is becoming more prevalent than ever before. Anyone offering services or expertise to a business may be held to a high standard of care due to the fact that the professional is being relied upon to assist the client in making decisions that can have a significant impact on their business. Courts are expanding the idea of the “professional” which means those offering services that may not have been considered to be of this nature in the past, may find they now fall under the professional services category.
When a claim happens, and quite possibly will, the service professional will need to look to an insurance professional to provide a defence against the allegations made by the client. Trisura provides that insurance expertise and ensures that the claim is handled professionally and quickly so that the professional can focus on their expertise.
Classes of Business
Below is a partial listing of the professions we write at Trisura:
- Alternate Dispute Resolution Services
- Auctioneers
- Bookkeepers
- Claims Adjusters
- Computer Consultants
- Court Reporters
- Expert Witnesses
- Forensic Accountants
- Human Resource Consultants
- Management Accountants
|
- Personal Counsellors /
Social Workers
- Meeting Planners
- Management Consultants
- Placement Agencies
- Property Appraisers
- Property Managers
- Relocation Consultants
- Tax Preparers
- Translators
- Travel Agents
|
We will consider excess coverage for many classes of business.
Coverage Defined
Professional Liability Insurance offers protection from claims arising from alleged negligent acts, errors or omissions on the part of a professional in the performance of a service to a third party. For an action to succeed, there must be a duty of care owed to the claimant by the professional. It is the breach of this duty that can expose the professional to financial liability and hence trigger the policy.
Coverage Benefits
Trisura has a Miscellaneous Professional Liability Insurance product, allowing flexibility to tailor the coverage to fit each specific class of professional noted above.
Our definition of Professional Services is tailored to the professional to ensure that the coverage accurately reflects the service provided. It is broad enough to avoid any gaps in coverage that could occur, should the definition of professional services be too narrowly defined.
The Trisura Advantage
At Trisura we offer:
- Expertise - many years of experience in analyzing Miscellaneous Professional Liability exposures
- Solutions - if we cannot help with the risk, we will work tirelessly to offer suggestions
- Flexibility - a willingness to look at nearly every miscellaneous class of business
- Customization - we have the ability to tailor the policy to each risk/profession
- Options - we will consider extensions on the policy for the appropriate risk in order to address the needs of the client
Coverages Available
- Miscellaneous Professional Liability Insurance
- Technology Professional Liability Insurance
- Educational Institution Liability Insurance
- Excess Professional Liability Insurance
Contact your broker about how Trisura Guarantee Insurance Company can assist you with your professional insurance needs.
(back to top)
