Architects & Engineers Errors & Omissions Insurance, Ontario, Canada.

Minimum Premium • Starting at $750 !

Cheapest Professional Liability coverage Cost for Engineers & Architects

We offer Errors & Omissions (E&O) and General Liability Insurance (CGL) and Property (Contents) coverage QUOTE and issue the policy on the SAME DAY to Most Architects & Engineers.

What is professional liability insurance?

Professional Liability or Professional indemnity (also called Errors or Omissions, and E&O) protects your business from claims of financial losses resulting from omissions or errors, performance failures or failure of work. Premiums are based on the type of work undertaken by you, loss history, experience and billings including any specialty/niche areas where you consult and work. Architects and engineer’s professional liability insurance’s annual premiums start from $750.

Why do architects and engineers need professional liability insurance?

Architects & engineer’s errors and omissions insurance also referred as professional liability insurance (PLI) protect engineers or building design firms against their professional negligence, errors or omissions claims. Any engineer or engineering firm professionals (even the best), regardless of the service they offer, can never escape the possibility that their service may fail to meet their client's expectations. In today's litigious environment even one dissatisfied client can place a professional's career and personal assets at risk. Having professional liability (Errors & Omissions) insurance also entrusts the client that you have the business experience and professionalism needed to secure the coverage.

Why not just General Liability is enough for architects and engineers?

General Liability covers your business against claims of bodily injury or property damage to others (for example your client). Commercial general liability does not provide coverage for professional errors, professional liability matters or any other contract performance disputes. Architects, engineers and building designers and other firms who have general liability only without professional liability (Errors & Omissions Liability) coverage are taking a serious risk.

Why deal us for professional liability insurance?

Our brokerage specializes in professional liability for Architects and Engineers and building designers or professionals or other firms in Ontario, Canada. We offer Errors & Omissions (E&O) and General Liability Insurance (CGL) and Property (Contents) coverage at excellent rates. Our programs for architects and engineers protect firms offering architectural, engineering, structural, environmental, land surveying or landscape architectural services against claims or allegations of professional negligence on the part of the business owner or the firm’s employees.

Eligibility

Our policy is available for firms providing professional services, including architectural, engineering, land surveying, project management and landscape architectural services.

Coverage Details

• Policy Form – The insurance is written on a claims-made basis with full coverage for prior acts • Policy Period – Annual and multi-year policies • Capacity – Limits up to $50,000,000 • Territory – Services rendered and claims made anywhere in the world • Policy Features • First dollar defence coverage (deductible does not apply to defence costs) • Full retroactive coverage • Split damages deductible • Broad definition of named insured (including contract employees and employees on loan from other firms) • Broad definition of professional services • Design-build coverage • Equity interest coverage where the insured’s interest does not exceed 10% • Joint ventures with other design professionals • Disciplinary coverage • Pollution liability coverage • Occupational Health and Safety Act defence coverage • Loss of documents coverage • Difference in limits and conditions coverage for separately insured projects • Non-cancellable coverage • Defence assistance reimbursement

Also available:

• Breach of confidentiality coverage • Libel and slander coverage

Additional Coverages Available

• Employment practices wrongful act liability coverage endorsement available for firms of any size • Directors and officer’s non-profit extension • Retirement program for sole practitioners of design firms

We are also able to insure

• Building Designers (Bill 124) • Certified Engineer Technicians • Design manufacturing/Fabrication • Environmental Consultants • Single project available • Design Build • Construction contractors • Construction Managers • Project Managers • Land Surveyors • Management consultants • Acoustical Engineering • Chemical Engineering • Electrical Engineering • Environmental Engineering • Forensic Engineering • Geophysicists • Hydrogeologists • Geotechnical • Health & Safety Consulting • Industrial Process Oil & Gas • Industrial Process Pulp & Paper • Laboratory/Material Testing • Nuclear Engineering • Structural Engineering


To discuss the professional liability Insurance contact Kirpal Multani, RIB, C.A.I. B (Hons.) at 416-728-6806 or email contact at errorsandomissionsinsurance.ca.

Kirpal Multani, C.A.I.B (Hons.)
Registered Insurance Broker Ontario
 

Professional Liability Insurance for Architects & Engineers

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