Professional Liability Insurance for Management Consultants in Toronto
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If you’re in a management position within a Toronto business, you run the risk of being held liable if something goes wrong under your watch. Whether it’s an issue with the performance of an employee or the quality of a particular service, you could be accused of negligence and legal action may be taken against you and your organization.
Many companies have Directors and Officers Liability insurance, but this type of policy typically doesn’t cover services carried out in your capacity as a manager. Even if you have a general management liability insurance policy, you may not be completely protected should legal proceedings take place.
That’s why EasyCover offers Toronto Management Liability Insurance (also known as Errors and Omissions Insurance). This specialized type of Professional Liability coverage goes above and beyond Directors and Officers Liability insurance, offering additional coverage should you face legal proceedings due to services or advice you may have provided in a managerial capacity. It’s affordable and effective protection for Torontonians working as managers.
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Examples of Toronto Management Liability Insurance
Typical scenarios for claims can include:
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Wrongful termination:
After dismissing an employee on reasonable grounds, you may be faced with allegations of wrongful termination from a difficult employee
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Mishandling of funds or investments:
After working on a project for a client, they accuse you of mishandling their funds or failing to meet the instructions for how funds were allocated
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Lack of corporate governance:
Following changes in the structure of your organization, shareholders accuse you of lack of corporate governance
Protect yourself from the unexpected.
We offer Toronto Management Liability Insurance to keep you covered.
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