Protect your expertise and preserve your reputation
Professional liability insurance, also known as errors and omissions (E&O) insurance, helps protect your business against claims related to the professional services, guidance, or advice you provide. If a client alleges negligence, mistakes, omissions, or misrepresentation, this coverage can help reduce the financial impact of legal defence costs, settlements, and judgments.
Safeguard your growing business
Common professional liability insurance coverages
Even with strong expertise, careful processes, and proactive risk management, unexpected client disputes can still arise. Professional liability insurance helps protect your business when allegations are made about the services, advice, or work you provide.
Service or product failure
If a product, service, or deliverable does not perform as expected, your client may seek compensation for resulting damages or lost revenue. Professional liability coverage can help pay for legal defence costs, settlements, and judgments, subject to your policy limits.
Professional negligence
If a client alleges that your business failed to meet agreed service standards or professional obligations, your policy can help cover legal expenses and eligible financial losses connected to the dispute.
Reputation and media liability
This coverage can help protect against claims involving copyright infringement, libel, or defamation. It may also help cover legal costs if a client experiences financial harm connected to published or shared content and holds your business responsible.
Small business sectors we cover
Support for businesses built on advice, service and expertise
Navacord provides professional liability insurance solutions for a wide range of businesses and professionals across Canada. The sectors we support include:
- Technology and IT professionals
- Engineers and architects
- Financial advisors and accountants
- Real estate agents and property managers
- Lawyer and other legal professionals
- Consultants and contractors
- Healthcare professionals
Advice and protection for what you do best
Why businesses choose Navacord for professional liability coverage
Navacord brings together national reach, local advisory support, and access to leading insurance providers to help you protect your business with confidence. Our advisors take the time to understand your operations, identify potential exposures, and recommend professional liability solutions that align with your needs, budget, and long-term goals.
Access to leading insurance providers
As an independent brokerage, we work with a broad network of insurance companies to help you compare coverage options and find a solution suited to your business.
Local professional liability advisors
Our advisors build long-term relationships with clients and provide practical guidance that supports informed risk and insurance decisions.
Risk review and mitigation support
We help identify potential exposures and recommend strategies that may reduce the likelihood or impact of future claims.
Coverage designed around your industry
Our team can recommend professional liability solutions tailored to the realities of your sector, operations, and service model.
Cost-conscious coverage recommendations
We can review your rates, coverage limits, and risk management practices to help identify opportunities for value without compromising protection.
Smooth policy management
From quote to renewal, we help manage the details, so your coverage remains clear, current and aligned with your business needs.
Learn from our professional liability insurance experts
One mistake. One misunderstanding. One lawsuit. That's all it can take to put your professional reputation and financial future at risk. In today's increasingly complex and litigious business environment, E&O insurance isn't just a smart investment—it's an essential safeguard for the business you've worked so hard to build.
Industry‑specific coverage options
Our advisors leverage cross‑industry expertise to deliver tailored insurance solutions that go beyond generic coverage.
FAQs for professional liability insurance
Professional liability insurance, also known as errors and omissions (E&O) insurance, helps protect your business against claims that your professional services, advice or recommendations caused a client financial loss. If a client alleges negligence, an error, an omission or misrepresentation, this coverage can help pay for legal defence costs, settlements and judgments, subject to the terms of your policy.
A professional liability policy may help cover claims and costs related to:
• Alleged negligence, errors or omissions in your professional services
• Breach of contract claims, where eligible under the policy
• Legal defence costs, even when allegations are unfounded
• Settlements or damages awarded through a lawsuit
The cost of professional liability insurance depends on several factors, including your industry, services, claims history, risk exposure, and coverage limits. A Navacord advisor can help assess your needs and compare coverage options designed for your business.
Commercial general liability insurance typically responds to third-party claims involving bodily injury or property damage arising from your business operations. Professional liability insurance focuses on claims related to the professional services, advice, or recommendations your business provides.
To get a professional liability insurance quote, contact Navacord to connect with an advisor. We’ll ask about your business, industry, services, and risk profile so we can help identify coverage options that align with your needs and budget.
