consultant professional liability coverage

Quality Control Consultant Insurance

For Canadian businesses, it is pertinent to maintain high-quality products that their customers will love. To achieve supreme quality, these companies will hire quality control consultants. These individuals will help ensure that their products are high-quality, safe, and worth the money. Quality assurance consultants are immensely important to any Canadian business because they protect that business from numerous problems. If you work in this field, you’ll understand how important it is to avoid problems. You need to make sure that your client’s products are free of flaws.

While protecting your clients, you’ll need to protect your business too. Acquiring consultant insurance is smart.

 

What Is Quality Assurance Consultant Insurance?

Quality control consultant insurance or professional liability insurance is a type of insurance built to protect companies from professional liability issues. When dealing with quality control issues, you need to be perfect. If you make an error in an email, there is a risk that you’re going to unnecessarily disqualify good products. Who knows? If this unexpected event occurs, you’ll cost your client a lot of money and they’ll want to be repaid for your mistake. If a lawsuit is filed, you’ll be able to use your quality assurance consultant insurance to defend your company.

 

What Does Quality Assurance Consultant Insurance Do?

Quality control consultant insurance is designed to protect quality control experts from professional liability issues. While you’ve worked diligently to minimize the risk, there is still a chance that you’re going to make a mistake. You may miss a deadline or make an error on the invoice. Both problems could lead to a lawsuit. Thankfully, professional liability insurance can help you deal with this problem. With this insurance, you’ll be able to cover the costs of the lawsuit. This insurance will cover many court-related costs, including court fees, reporter fees, administrative fees, and more.

In addition to this, it will cover potential settlements and court judgments.

 

What Is Not Covered By Quality Assurance Consultant Insurance?

Ultimately, quality assurance consultant insurance is not a comprehensive insurance policy. It only protects from claims of professional neglect and error. You’ll still want this insurance but you’ll need to combine it with other policies to fully protect your quality assurance consultancy. Quality control consultant insurance does not cover claims of personal injury and property damage. You’ll need general liability insurance for these issues. Also, this insurance is not going to cover your commercial property or equipment. You’ll need other insurance products to cover these things.

 

Quality Control Consultant Insurance & Limits

There are several limitations associated with quality control consultant insurance. This insurance is not comprehensive and will not protect you from all potential problems. Quality control consultants will have two limits on their policies. This insurance is not unlimited. When you sign up for this insurance, your policy will be equipped with two limits. For starters, you’re going to have a per occurrence limit. The per occurrence limit determines how much the insurance company will pay per claim. You’ll also have an aggregate limit and that covers the amount paid during the policy period.

 

Disability Insurance

You biggest asset in life is your earning ability. If you are unable to work, you will need to rely on either your savings or borrow money to sustain your lifestyle. When these unfortunate circumstances occur, dependents and spouses are also impacted financially and emotionally.

Disability insurance coverage will provide you a monthly income benefit, usually totaling 70% to 80% of your income, when you are unable to work for a period of time due to injury or illness.

Types of disability insurance

 

 

 

 

 

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Other Types of Consulting Businesses we insure:

If your specializing is not mentioned below, have no worries. Our insurance markets can provide liability coverage for the majority of consulting businesses.

 

 

 

FAQ before purchasing liability insurance

 

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