Professional Liability Insurance protects businesses and individuals against claims alleging negligence, errors, omissions, or failure to perform professional services.

SRIM offers flexible Professional Liability solutions, ranging from low-limit bolt-on extensions to high-limit stand-alone policies, designed to meet the needs of a broad range of professional and service-based risks across Canada.

What Does Professional Liability Insurance Cover?

Professional Liability insurance typically responds to claims alleging:

• Negligence, errors, or omissions in professional services
• Misstatements, inaccurate advice, or failure to perform
• Breach of professional duty
• Financial loss suffered by third parties (without bodily injury or property damage)

Coverage is written on a claims-made and reported basis and tailored to the insured’s professional activities.

Coverage Options

SRIM can structure Professional Liability coverage in multiple ways, including:

• Low-limit bolt-on extensions
  • Designed to sit alongside existing CGL or package policies
  • Suitable for contractual requirements or smaller exposures
• Stand-alone Professional Liability policies
  • Broader coverage and higher limits available
  • Appropriate for professionals with primary E&O exposure

A broad range of limits is available to meet your client’s needs — from small, targeted placements to large, complex risks — subject to underwriting review.

Options to include Network Security and Privacy Liability within the base limits

Optional CyberGuard product on certain risk classes including but not limited to: 

• Cyber Incident Response (and associated incident, legal and regulator, IT Security and Forensics costs)
• Cyber Crime Extensions (Electronic Theft, Extortion, Telephone Hacking, Push Payment Fraud, Unauthorized use of Computer Resources)
• Systems Damage and Business Interruption (Systems Damage Rectification Costs, Loss of Income, Extra Expense, Consequential Reputational Harm and Hardware Replacement)

Classes of Business

SRIM’s Professional Liability offering spans a wide range of professional, consulting, technical, creative, and service-based occupations.

Rather than a one-size-fits-all approach, each risk is underwritten on its own merits, with coverage structured to reflect the specific professional exposure.

Selected Classes We Can Consider

While appetite varies by risk profile, SRIM has the ability to consider more challenging or volatile classesthat some markets may restrict, including:

• Property Managers
• Home Inspectors
• Collection Agencies
• Freight Forwarders
• Alternative Therapy Practitioners

These classes are not written on a volume basis, but they represent areas where SRIM can support brokers seeking solutions for otherwise difficult placements.

In addition, we consider a wide variety of professional and consultancy risks across technology, media, business services, and specialty consulting disciplines 

Why Place Professional Liability with SRIM?

• Specialist Canadian MGA focused on complex and non-standard risks
• Flexible limit structures — from bolt-on to high-limit stand-alone placements
• Ability to consider classes outside standard market appetite
• Experienced underwriting review on a case-by-case basis
• Broker-focused service with practical, solution-driven underwriting

Limits & Policy Structure

• Flexible limits structured to suit individual client needs
• Claims-made and reported policy forms
• Terms, conditions and limits subject to underwriting review