LMBF Offers Professional Liability Insurance Solutions in Canada

Commercial general liability insurance is commonly recommended for businesses as it can cover general liability claims resulting from trips and falls, property damage, and other similar events. However, CGL policies fall short when it comes to financial damages that may come out of your professional services or advice. Enter professional liability insurance (otherwise known as errors and omissions insurance) - the policy designed for professionals. LMBF knows litigation can be expensive, even if you believe you have done nothing wrong. Start today with LMBF’s professional liability insurance in Canada to get the coverage you need for less.

What Professional Liability Insurance Covers



Professional liability insurance provides coverage for claims alleging you have made an error, whether that error was misinformation, a mistake in your services, or failure to deliver a promised service to the quality of standards that is expected of your industry.



If a client believes that you have omitted crucial information, resulting in their financial loss, they may make a claim against you for omissions. Your professional indemnity insurance covers claims of omissions, including any consequential litigation costs.

Negligent Acts

Negligent Acts

Negligent acts are covered under your professional liability insurance policy. If you are sued by a third-party or client due to perceived negligent actions, your professional liability coverage can help cover your legal costs.

  What errors and omissions insurance covers
  • Negligent acts
  • Mistakes
  • Misinformation
  • Malpractice
  • Omissions
  What errors and omissions insurance excludes
  • Intentional harm
  • Criminal actions
  • Cyber liability
  • Some forms of legal liability

What is professional liability insurance?

Professional liability insurance is a type of commercial policy that protects professionals from claims alleging negligence, errors, or omissions when offering a promised service or advice. Policies are typically “arranged” on a claims-made basis, so coverage is valid so long as claims are made during the policy period. Some policies may include a retroactive date to include incidents that have occurred before the coverage was activated.

Professional Indemnity Insurance for These Business Sectors:

Professionals, whether individual or companies, require errors and omissions insurance to protect their operations from claims of negligent actions or failure to meet a specific industry standard when delivering a promised service/advice. Anyone who offers a service or gives advice requires professional liability insurance, including doctors, wedding planners, lawyers, and so on. Read on for some of the business sectors that may benefit from errors and omissions insurance.
Financial Industry


  • Commercial banks
  • Insurance brokerages
  • Financial advisors
  • Accountants & bookkeepers
More info
Real Estate Industry

Real Estate

  • Estate agents
  • Real estate developers
  • Property management
More info
Construction Industry


  • HVAC construction
  • Commercial construction
  • Residential construction
  • Demolition
  • Electrical installers
  • Highway construction
More info
Maintenance Industry

Personal Services

  • Garage repair shops
  • Autobody stores
  • Auto servicing
More info
Education Industry


  • Online courses
  • Driving schools
  • Primary education
  • Universities
More info
Manufacturing Industry


  • Metal manufacturers
  • Autobody part manufacturers
  • Chemical manufacturers
  • Food manufacturers
More info
Transportation Industry


  • Airlines
  • Freight road transportation
  • Courier companies
  • Railways
  • Trucking companies
More info
Organizations Industry


  • Chairities
  • Organizations
  • Fundraisers
More info
Agriculture Industry


  • Hobby farms
  • Commercial farms
  • Beef farms
  • CBD plantations
More info
Entertainment Industry


  • Bowling alleys
  • Amusement parks
  • Theatres
  • Arcades
  • Minigolf
More info
Healthcare Industry


  • Occupational therapists
  • Counselors
  • Massage therapists
  • Dentists
More info
Retail Industry

Retail Industry

  • Liquor retail
  • Grocery retailing
  • Furniture retailing
  • Garden supplies retailing
  • Auto parts retailers
More info
Hospitality Industry


  • Hotels and motels
  • Travel agents
  • Lodging agencies
More info
Publishing Industry


  • Printers
  • Publishers
More info
Personal Care Industry

Personal Care

  • Hair salons
  • Weight loss services
  • Nail spas
  • Dry cleaners
More info
Wholesale Distribution Industry

Wholesale distribution

  • Agricultural machinery wholesale
  • Audio and video equipment retailers
  • Bakery product wholesale merchants
More info
Professional Services Industry

Professional Services Industry

More info

Our Professional Liability Insurance partners

LMBF knows that the litigious nature of our society poses a real threat to professionals who are always trying to “do it right.” Errors and omissions insurance is typically required by many professional service-providing or advice-giving businesses, which is why LMBF wants to ensure that you can get comprehensive coverage for the right cost. Thanks to our partnerships with some of Canada’s top professional liability insurance carriers, we are confident that we can do just that. Start today with a free professional liability insurance quote.

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Want to Get Started on Your Professional Liability Insurance in Canada? Start with a Professional Liability Insurance Quote.

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Professional Liability Insurance: Frequently Asked Questions

A: Easy. You can apply online through a brokerage like LMBF and compare quotes. When you find a professional liability insurance policy you like, you can purchase with the assistance of a professional broker and secure coverage quicker.

A: Professional liability insurance is sometimes referred to as professional indemnity insurance. The language of insurance can sometimes get confusing. For many businesses, there is no difference between submitting proof of professional indemnity insurance or professional liability insurance.

A: In some cases, yes, your business may need both types of insurance. For example, if you work for a larger lawyer firm, you may have each individual lawyer carry their own professional liability insurance policy and the business carry a basic commercial general liability policy.

A: It depends on your business. Some professionals may own a single-professional enterprise whereas others may operate a larger firm with dozens or hundreds of employed professionals. The nature of your work, the number of clients you see, your history, and more will impact your coverage needs.

A: Any business that offers a professional service or advice requires errors and omissions insurance. Those industries and professions may include forensics experts, engineers, accountants, lawyers, consultants, health professionals, financial advisors, and more.

A: The cost of errors and missions insurance ranges. Like with any insurance policy, your coverage cost will change depending on the factors of the business you operate. That includes the size of your company, its current legal standings, history of lawsuits, training, legal documentation, industry, company location, etc.