Professional Services.
No matter what type of professional you are having custom tailored insurance cover is critical.
What is insurance for Professionals?
As a professional, you have dedicated your time and energy to acquiring the skills and knowledge needed to succeed in your field. Your clients rely on your expertise to help them make sound decisions that will improve their lives or businesses. But what happens when something goes wrong? What if you make a mistake or fail to meet your client's expectations?
These types of errors can result in financial losses for your client, and you could be held liable. That's where professional liability insurance comes in. Also known as errors and omissions insurance, this type of policy covers your liability for any mistakes or failures while providing your professional services. Whether you're in finance, legal, engineering, marketing, human resources, or consulting, we have insurance solutions tailored to the unique risks you face. So, you can rest assured knowing that you and your business are protected.
Why choose Summit?
We help Canadian Business Owners craft the perfect insurance policy for their business.
Our team takes pride in our relentless responsiveness. When you need us, we're here.
We compare rates across leading insurance companies to ensure you get the best price on your premium.
We craft the perfect insurance policy for your business so you can rest easy knowing you're covered.
Your dedicated account manager is there for you as your business grows ensuring your insurance policy grows with you
The right insurance plan for every business.
Here are a few of the types of businesses we serve.
Don't see yours? We serve all kinds of Canadian businesses. Chat with us.
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Professionals Insurnace FAQs
Business Insurance can be complicated. We're here to help.
Every day, your clients rely on your advice and expertise. The smallest mistake or failure to meet expectations could result in a financial loss for your client. Professional liability insurance covers your liability for errors and omissions while providing your specific professional services to your clients.
Whether your professional services are in finance, legal, engineering, marketing, human resources, or consulting, we have insurance solutions tailored to the unique risks you face.
The professional service industry covers a wide range of industries, and typically includes professions that require some kind of special training in a niche field as well as sometimes a license to operate. They are high paying jobs that typically earn considerably more than the national average and often require years of training. Some of the types of professionals we insure are:
Accountants
Architects
Consultants
Engineers
Financial Services
Lawyers
Staffing Agencies
Commercial General Liability Insurance typically includes coverage for legal costs and damages related to the following coverage areas:
Professional Liability (Errors & Omissions): Every day, your clients rely on your advice and expertise. Professional liability insurance covers your liability for errors and omissions while providing your specific professional services to your clients. Examples of errors and omissions that would require professional liability include miscalculation of assets valuation, error in legal advice given to clients, design recommendations not fully compliant with standards all of which your clients suffer financial damages that they sue you for.
Commercial property: Investments in office space add up quickly – prime real estate, furniture, supplies, art, technology, etc. Commercial property insurance may protect your property investments so that you can keep looking your best for your clients and employees, and keep business going after a covered peril, such as a fire or theft.
Commercial general liability: Commercial general liability insurance helps protect you from liability claims arising at your place of business or as a result of your operations. In the event your business was held accountable for injuries to another person, advertising liability, or damage to another’s property, you may be covered.
Commercial vehicles: Anything can happen on the road. If you drive back-and-forth from the office to your clients, commercial vehicle insurance may cover you, the drivers, and your vehicles in the event of a peril, such as a collision, theft, fire, vandalism, and more.
Cyber Insurance: As a professional, you have access to sensitive and confidential information about your clients that can get misplaced or stolen, in which case your reputation and operations could be compromised. Privacy breach coverage gives you access to resources to help prevent breaches, assist with required reporting and notifications, and recover from the damages should a breach occur.
Business insurance should never be sold solely on price. You are protecting your most important asset. Our mission is to find you the perfect coverage but also find the best priced policy with that coverage.
The exact cost for your insurance policy varies according to factors such as:
Industry
Risk Exposure
Years of Experience
Location
Number of Employees
Revenue
Claims History