Edmonton Errors & Omissions Insurance

As a professional in Edmonton, your business is at risk for lawsuits for the services your business provides. Even if these allegations aren’t true, you’ll need to pay for your legal defence – and lawyers don’t come cheap. 

Luckily, A-WIN Insurance can help Edmonton professionals with their errors and omissions insurance. We will work with you to determine how much protection your business needs, get you competitive quotes, and advise on the best option for your company. We’re also there to support you through claims and answer any of your day-to-day insurance questions.  

Contact us today to get an errors and omissions insurance quote for your Edmonton business. 

Below are the answers to some of our most frequently asked questions about errors and omissions insurance by Edmonton business owners. 

What is errors and omissions insurance?  

Errors and omissions insurance, also known as professional liability coverage, is a type of liability insurance that is generally required for professionals giving advice or service-providing businesses.  

What is covered by errors and omissions insurance in Edmonton? 

Errors and omissions insurance often covers both court costs and any settlements up to the amount specified by the insurance contract. 

This type of insurance typically covers four different kinds of errors: 

  • Accusations of negligence. 
  • Work mistakes and oversights. 
  • Undelivered services. 
  • Missed deadlines. 

Your policy documents will outline exactly what is covered by your individual policy. 

Does my Edmonton business need errors and omissions insurance? 

If you provide a professional service or advice in Edmonton or the surrounding area, yes, your business needs errors and omissions insurance. Many regulatory bodies encourage or require professionals to have this coverage and clients may ask for proof of insurance.  

Examples of professions in Edmonton that should carry this coverage include: 

  • Accountants  
  • Acupuncture & Accupressure Providers 
  • Analysts 
  • Architects 
  • Computer programmers 
  • Consultants  
  • Contract Employees or Freelancers 
  • Counsellors & Therapists 
  • Developers 
  • Engineers  
  • Event or Wedding Planners 
  • Fitness Coaches & Instructors 
  • Graphic Designers 
  • Healthcare Providers 
  • Lawyers  
  • Massage Therapists 
  • Nutritionists & Dieticians 
  • Photographers 
  • Project Managers 
  • Tattoo Artists & Piercers 
  • Technicians 

This is only a shortlist – contact us if you are not sure if you need errors and omissions coverage for your Edmonton business.  

Businessman in a suit looking directly at the camera.

What isn’t covered by errors and omissions insurance? 

Errors and omissions insurance coverage exclusions may vary between different providers, however, the most common are: 

  • Client and employee injuries. 
  • Property damage. 
  • Employee liability claims. 
  • Deliberate acts. 

Your policy documents will outline the specific exclusions of your individual insurance policy. 

How much errors and omissions insurance does an Edmonton business need? 

The amount of errors and omissions insurance an Edmonton business requires will depend on the risk factors of the company. This includes: 

  • Business operations 
  • Where you operate 
  • Annual revenue 
  • Number of employees 
  • Value of your contracts/projects 
  • Claims history 

Additional factors may impact the amount of coverage you require. Your broker will help you determine the correct level of protection for your business.  

Why should I choose A-WIN Insurance for my errors and omissions insurance in Edmonton? 

Our A-WIN Insurance Edmonton Commercial branch specializes in errors and omissions insurance. With over 20 years of experience, you can trust the expertise of Branch Partner, Murray Dadswell. We also offer: 

  • Exceptional customer service 
  • Ability to manage your insurance at your convenience with our web portal and app 
  • Claims support 
  • Competitive pricing 
  • Independent insurance advice 
  • Access to many different insurers 

Because A-WIN Insurance is independent, we work for you – not an insurance company. We can take care of the price shopping as well as give you expert advice that benefits your business. 

Yes, your business will likely require other types of insurance. Errors and omissions coverage protects very specific circumstances that do not meet all the insurance needs of an Edmonton business. Your broker can advise you on other types of coverage you should have. 

Professional liability insurance and errors and omissions insurance are the same coverage – they’re just different names!  

You can get an errors and omissions insurance quote in Edmonton by requesting one online, emailing Murray at [email protected] or giving our office a call at 780.435.3632.