Professional Services Insurance

At Waypoint Insurance, we understand the unique challenges and risks faced by businesses in the professional services sector. Our specialized Professional Services Insurance solutions are designed to provide comprehensive coverage and peace of mind, allowing you to focus on delivering exceptional service and growing your business.

Coverage is available for:

  • Consulting Firms
  • Legal Practices
  • Accounting Firms
  • Insurance Agencies
  • Coaching Services
  • Architects
  • Financial Services

Professional Services Insurance

At Waypoint Insurance, we understand the unique challenges and risks faced by businesses in the professional services sector. Our specialized Professional Services Insurance solutions are designed to provide comprehensive coverage and peace of mind, allowing you to focus on delivering exceptional service and growing your business.

Coverage is available for:

  • Consulting Firms
  • Legal Practices
  • Accounting Firms
  • Insurance Agencies
  • Coaching Services
  • Architects
  • Financial Services

Coverage is available for:

  • Consulting Firms
  • Legal Practices
  • Accounting Firms
  • Insurance Agencies
  • Coaching Services
  • Architects
  • Financial Services

Why Choose Waypoint Insurance?

Local Touch, National Strength™: Founded in British Columbia over 150 years ago, Waypoint Insurance has deep roots in the communities we serve. As part of the Navacord group, we leverage our national relationships with key insurance carriers to offer the best value for your investment.

Expertise in Professional Services: Our in-house experts specialize in the professional services industry, providing tailored solutions that address the specific risks and exposures faced by businesses in this sector. From small consulting firms to large legal practices, we have the experience and knowledge to protect your business.

Comprehensive Coverage Options:

Often referred to as Errors & Omissions Insurance, Professional Liability Insurance is crucial to the professional services firms as they employ experts with specialized expertise and service clients in the form of advice, consultancy, and support rather than physical products. Professional Liability Insurance covers claims that may arise from allegations of mistakes or oversights in the provision of professional services.  It covers the cost of legal representation in the event of a claim and includes court costs, the costs of settlements or judgments and often includes coverage for fines or penalties imposed by professional licensing boards.

Protects businesses against third-party bodily injury or property damage claims if a client or visitor is injured at the business’s premises or arising out of their operations.  Coverage also includes personal injury claims such as libel, slander and defamation, and advertising injury claims such as copyright infringement or false advertising.  This coverage pays the cost of legal representation, court costs, and settlements or judgements related to covered claims. 

Protects physical assets for businesses including buildings, equipment, improvements, and inventory against insured perils. A broad property policy would typically insure against the perils of fire, water damage, theft, vandalism, earthquake, flood and sewer back up.  

This coverage is vital for professional service firms to protect against financial losses due to unexpected disruptions to businesses following damage to insured property or premises.  During the downtime, this covers lost income, pays continuing expenses like rent, utilities and payroll, as well as extra expenses such as temporary relocation expenses and additional operational costs. 

Essential for professional service firms due to the sensitivity of client data and the increase of cyber threats. This coverage protects firms against data breaches, cyber-attacks, and other cyber-related incidents. Coverage can include expenses related to responding to a data breach, lost income, cyber extortion, funds transfer fraud, and reputational management. Given the reliance on digital systems and the handling of sensitive information, cyber liability insurance is vital for professional services firms to protect against financial losses, legal issues, and reputational damage resulting from cyber threats.

Protects businesses against losses caused by employee theft, robbery and burglary, forgery & alterations, computer fraud, and social engineering fraud.  Crime insurance helps professional services firms mitigate the financial impact of criminal activities and maintain operational stability.

Protects professional services firms against unexpected failures of essential equipment.  For a professional services firm, these claims would typically include failure of a server, network equipment, telephone systems, HVAC systems, electrical systems, security systems or specialized equipment.  Equipment breakdown insurance can cover the cost of repair or replacement for these types of equipment caused by mechanical or electrical failures as well as related expenses such as lost business income and temporary repairs.  

D&O Insurance protects the personal assets of directors and officers, as well as the financial well-being of the company, against claims alleging wrongful acts in their management of the company.

Sometimes included as part of a D&O policy or a standalone policy, EPLI covers employee claims against the company for various employment-related issues such as wrongful termination, discrimination, sexual harassment, and retaliation.

The Waypoint Advantage

Solid Insurer Relationships: Our strong relationships with insurers allow us to secure optimal coverage for your business, ensuring you receive the best products and customer service the insurance industry offers

In-House Risk Management Team: Our dedicated risk management team will help you evaluate your operations and prevent losses, providing proactive advice and support to keep your business running smoothly.

Exceptional Client Service: We pride ourselves on delivering exceptional client service. Our dedicated advisors are committed to servicing your account and providing personalized support every step of the way.

Commitment to Excellence

As a leading insurance brokerage in Canada, Waypoint Insurance & Navacord are uniquely positioned
to offer industry-specific coverage and tailored benefits solutions for your business. Whether you
operate a small manufacturing unit or a large-scale plant, we have the expertise and resources to
protect your business from a wide range of risks.