Why Get Professional Liability Insurance? Professional Liability is an essential coverage for any business providing professional services. It protects your business from claims arising from acts of professional negligence. Get Free QuoteProfessional Liability Claims Examples Professional NegligenceIncident: As an architect you are hired to design the buildings for a residential housing project. Once built the owner alleges that the original construction and design were faulty and sues for $750,000. Result: Eventually the owner and architect firms reach a settlement and your professional liability policy provides coverage for the settlement and legal fees. MalpracticeIncident: As a massage therapist you are hired to provide your professional services to a customer. The customer returns the next day claiming your massage caused him injury and demands you pay $100,000 in damages. Result: Your professional liability policy pays for the legal fees and reaches a settlement with the customer. Financial LossIncident: You are hired as an accountant for a wealthy investor. due to some mix-up you failed to file a tax return on time resulting in penalties and interest fees. Your client brings a suit against you for any resulting fees and additional costs to hire another accounting to fix the error costing $300,000. Result: Legal fees and damages associated with the case are covered under your professional liability policy. Get Free QuoteGet Free QuoteProfessional Liability Insurance, Explained What is professional liability insurance?Professional liability insurance provides coverage for third party claims resulting from professional negligence. It covers compensatory damages and legal defense costs. Who needs professional liability insurance? Any businesses that provide a professional service to their customers. This can include professional advice or medical services Architects, Engineers, Personal Trainer’s, Massage Therapists, Accountants, Consultants, Lawyers, etc… What is not covered by professional liability insurance? Losses arising before the retroactive and/or policy effective dates intentional criminal acts auto liability claims arising from bodily injury or property damage that are not associated with the professional services provided. Full List of Industry Insurance Types Contractor’s InsuranceHospitality InsuranceAccountant’s InsuranceHealth and Fitness InsuranceProfessional Office InsuranceWhy Choose Pacific Insurance? Our staff are trained Registered Insurance Brokers of Ontario (RIBO) which is the self-regulatory body for insurance brokers in Ontario. We have been regularly featured in the media as insurance experts and asked to speak at events like the ‘CRV Radio International’. 1 on 1 Service Speak directly with an expert instead of dealing with a faceless call centre. 40+ Years in Business We provide the results of a large agency while giving you the agility and service level of a boutique agency Fluent in Many Languages Speak to our brokers in English, Cantonese, Mandarin, French, Korean, or Hebrew. Get Free QuoteGet Free QuotePartnerships with over 50 leading Canadian insurance providers Pacific Insurance Reviews I was having trouble insuring my Muskoka cottage because my primary location was in the United States. I contacted Pacific Insurance and they were able to save me over 30% on my premium and get my cottage insured properly on very short notice.– Dimitri BToronto, ONHome InsuranceI have been with Pacific Insurance for over 27 years and we have a longstanding relationship. They always stay up to date with my family’s insurance needs and keep me informed.– Eva LMarkham, ONLife Insurance Pacific Insurance is amazing! Their service to get my home Insurance set up was extremely quick and efficient! Samantha helped me out and was very sweet. I highly recommend going to them for a no stress experience!– Chanakya UToronto, ONHome InsuranceWe’ve been using Pacific Insurance for years. They provide insurance for all our locations. They’re really great to deal with, even when we leave things to the last minute and need them to finalize same day coverage. Great people!– Natalie GToronto, ONOffice InsuranceFound Pacific Insurance searching for car insurance. I called in and spoke with Alice. She was very polite and knowledgeable. She provided me with professional advice on what types of coverages would best fit for me. I would highly recommend this brokerage. It was a pleasure to deal with their team. – Alex PToronto, ONAuto Insurance