Anyone operating in Canada have recommendations for an insurance company for General Liability Insurance, and errors and omissions insurance. I was hoping the PMI would have some arrangment with insurance companies for reasonably priced insurance. Saving Changes...
I'd suggest checking with your local Chapter as some might have partnerships with insurance providers that offer such products. I know the Lakeshore Chapter has a tie up with Johnson for Auto & Home insurance so the Ottawa-Hull Chapter might have something similar for liability insurance...
I received a few letters from PMI Chapters for promotions on Car and Home insurance! Nothing for liability insurance, though.
I would check banks, e.g. RBC, TD Saving Changes...
Stéphane ParentSelf Employed / Semi-retired| Leader MakerPrince Edward Island, Canada
Your accountant may be a good source of business insurance companies. Saving Changes...
Thanks All. It appears there are a couple of insurance providers that have created policies specifically for professional contracting. Prolink and Easycover are two that I found. They offer custom packages for contractors working through contract agencies. I contacted Prolink. They have insurance for working with one agency ($30/month), or for working with multiple agencies (50$/month). They have different levels however these prices were for $1,000,000 of each General and Errors and Omissions. Seems reasonably affordable. When I am getting insurance directly from one of the contract firms it comes in around $20/month, however they have some kind of volumne agreement and I as a small business do not get that rate.
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1 reply by Stéphane Parent
Nov 07, 2022 12:19 PM
Stéphane Parent
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Thanks for letting us know, Todd. I'm sure there are a few Canadians that may need the same insurance.
Here is what I found.
1. PROLINK– PROLINK has been providing insurance to the Independent Contractor community for over 10 years and they have put together a special program for the National Association of Canadian Consulting Businesses (NACCB), which many agencies are members of. This program provides $2M and $5M insurance options for Independent Contractors for as low as $25/month.
2. EasyCover – Rogers Insurance is an established provider of Independent Contractor insurance and through their EasyCover program, Independent Contractors can access liability insurance for their business with limits of $1M, $2M and $5M and for prices as low as $25/month for anyone on assignment with one agency.
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2 replies by Kiron Bondale and Rami Kaibni
Nov 07, 2022 1:11 PM
Rami Kaibni
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Great info Todd, thank you for sharing!
Nov 07, 2022 5:01 PM
Kiron Bondale
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Thanks Todd!
If I am not mistaken, I'd used Prolink (back when they were LMS Prolink) for $2M of general/liability insurance a couple of decades back when I had a contract gig in the U.S.. The premiums were pretty hefty then, but I was able to build those costs into my hourly rate with the client.
Kiron
Saving Changes...
Stéphane ParentSelf Employed / Semi-retired| Leader MakerPrince Edward Island, Canada
Nov 07, 2022 12:16 PM
Replying to Todd Keuleman
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Thanks All. It appears there are a couple of insurance providers that have created policies specifically for professional contracting. Prolink and Easycover are two that I found. They offer custom packages for contractors working through contract agencies. I contacted Prolink. They have insurance for working with one agency ($30/month), or for working with multiple agencies (50$/month). They have different levels however these prices were for $1,000,000 of each General and Errors and Omissions. Seems reasonably affordable. When I am getting insurance directly from one of the contract firms it comes in around $20/month, however they have some kind of volumne agreement and I as a small business do not get that rate.
Thanks for letting us know, Todd. I'm sure there are a few Canadians that may need the same insurance. Saving Changes...
Senior Projects Manager | Field & Marten AssociatesNew Westminster, British Columbia, Canada
Nov 07, 2022 12:19 PM
Replying to Todd Keuleman
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Here is what I found.
1. PROLINK– PROLINK has been providing insurance to the Independent Contractor community for over 10 years and they have put together a special program for the National Association of Canadian Consulting Businesses (NACCB), which many agencies are members of. This program provides $2M and $5M insurance options for Independent Contractors for as low as $25/month.
2. EasyCover – Rogers Insurance is an established provider of Independent Contractor insurance and through their EasyCover program, Independent Contractors can access liability insurance for their business with limits of $1M, $2M and $5M and for prices as low as $25/month for anyone on assignment with one agency.
Great info Todd, thank you for sharing! Saving Changes...
Here is what I found.
1. PROLINK– PROLINK has been providing insurance to the Independent Contractor community for over 10 years and they have put together a special program for the National Association of Canadian Consulting Businesses (NACCB), which many agencies are members of. This program provides $2M and $5M insurance options for Independent Contractors for as low as $25/month.
2. EasyCover – Rogers Insurance is an established provider of Independent Contractor insurance and through their EasyCover program, Independent Contractors can access liability insurance for their business with limits of $1M, $2M and $5M and for prices as low as $25/month for anyone on assignment with one agency.
Thanks Todd!
If I am not mistaken, I'd used Prolink (back when they were LMS Prolink) for $2M of general/liability insurance a couple of decades back when I had a contract gig in the U.S.. The premiums were pretty hefty then, but I was able to build those costs into my hourly rate with the client.