Under Canadian laws, you are not required to purchase a professional liability insurance policy before kick-starting your career in a certain field. But as we have said numerous times before, just because you don’t have to doesn’t mean that you shouldn’t. If you are a professional currently working and living in Canada, then you may be wondering (and with good reason) whether or not you should be covered under a professional liability insurance policy that is tailored to meet your particular needs.
To make this decision a bit easier for you and to help you assess your need for it, ask yourself the following questions:
- Does your company require you to be covered under a Canadian professional liability insurance policy? While you are not legally obligated to purchase one, some companies will require that you do regardless.
- Are mistakes easy to make in your profession? Certain professionals, like doctors and lawyers, have to carry a heavy burden on their shoulders. Unfortunately, with heavy burdens often come mistakes.
- Are those mistakes bound to be costly? In the professional world, certain mistakes can prove to be very, very costly. If your profession comes with the threat of being sued for an error or omission that you may (or may not) have committed, then chances are that you would benefit greatly from a professional liability insurance policy.
- Are professionals often sued in your field? Lastly, ask yourself this question. Search it up online and bring it up with other professionals if needed. Be aware of the pitfalls of your profession, but more importantly be ready to face them at all times.