HUB International is pleased to offer an insurance program that provides professional liability insurance coverage for human resource professionals. Our program has been tailored to meet your unique needs as a human resource professional consultant.
FIVE THINGS YOU NEED TO KNOW ABOUT PROFESSIONAL OR ERRORS & OMISSIONS LIABILITY*
- The definition of professional services is changing… for the worse.
The courts have been steadily expanding the notion of professional responsibility to new professions, and broadening the duty and standard of care a professional is expected to deliver.
- The judgment isn't your biggest worry.
Being sued for negligence is expensive. If you need to defend yourself (even if the claims against you is without merit), keep a cheque book handy, as legal fees, court costs, and professional witnesses don't come cheap.
Having Professional Liability Insurance means you will have their own expert to guide you through the process and help you make good decisions while the insurer pays the legal bills.
- The judgment should worry you too.
Having expert claims professionals and lawyers guiding you through the process can save you a lot of money and stress, but there is still the possibility of a large settlement or judgment against you.
In fact, court awarded judgments have more than doubled in size since 2000.
- It's not just your services that they need to be worried about.
Professional liability suits can also land in your lap when your employees mess up, or when a contractor or supplier doesn't uphold their promise.
In these cases, you will carry the burden of having to defend yourself against someone else's error or omission.
- A good contract between your client and their customers won't save them.
Although having a strong contract outlining the scope of services being provided (and limitation provisions) is a great risk management tool, they may not hold up in the courts.
The more negligent one is, the less likely a limitation of liability clause will protect you.
*Modified with permission from Trisura Guarantee Insurance Company
The HRPL program is restricted as follows:
- Your business must be registered in Canada.
- You must demonstrate sufficient training and/or certification to carry on business as a human resources consultant.
To purchase online CLICK HERE.