Key Person & Professional Liability Insurance - Cornerstone

If you are a business owner and would like to ensure business continuity, we recommend that you set up key person insurance. It is highly recommended that you protect your organization’s most valuable employee(s) from unforeseeable circumstances. Failure to do so may cause irreparable damages to your business due to your key employees’ incapacity to work. On the other hand, if you are a professional whose business dealings involve complex procedures, you need to protect yourself against unintentional malpractice or misrepresentation through a professional liability insurance policy.

Protect Your Key Man With the Best Key Person Insurance

As a business owner, one of your main responsibilities is to ensure that your employees are performing effectively. If you have employees that your business largely depends on, you need to have a key person insurance policy. This includes any critical health conditions or disabilities your key employees may suffer, rendering them incapable of fulfilling their duties.

The main factors our experienced key person insurance broker will consider to determine your policy will include 

  • length of term
  • amount of coverage
  • age of the individual
  • gender
  • smoker or non-smoker
  • general health status of the key employee

Key person insurance policies can cover a wide range of conditions including disability, critical illness, and death. Coverages can be term or permanent policies, depending on your business’ needs. Typically, key person insurance policies are written to cover five times the income of the individual insured. While conditions may vary depending on the company’s needs and budget, it is our goal to get you the best key person insurance that’s well worth your investment.

Getting You the Best Professional Liability Insurance Policy

Lawsuits filed against professionals due to misrepresentation, malpractice, or negligence complaints are litigious in nature. They are financially and physically demanding as well. As a professional whose core value is credibility, the reputation you’ve worked so hard to maintain should be protected. What better way to do that than by having liability insurance to ensure your financial security.

Since different professions require varying frameworks, our experienced professional liability insurance broker will help you write a policy tailor-made to fit your line of work and all the variables that come with it. The broker determines premiums by doing a comprehensive assessment of your

  • contracts
  • liability levels
  • exposures
  • years of experience

Our professional liability insurance quotes are available for

  • Business consultants 
  • IT professionals 
  • Directors and officers 
  • Architectural firms

Depending on your profession and the coverage you need, we offer General Liability Coverage (GLC) as well as Errors and Omissions (E&O) services. At the minimum, we recommend a $2 million policy for GLC and $1 million for E&O.

Keep yourself, your business, and your workforce protected against any liability and potential damages by making us your partner today.

Get in touch

Our clients are our partners - and we want to make it as easy as possible for you to reach us in person, by phone, email, or via our online portal. Our 24-hour claims reporting system allows you to file at any time in case of an emergency situation.

We offer key person and professional liability insurance services in Edmonton, St. Albert, and Sherwood Park.

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Call us at 780.489.8080 of fill out our online form to receive a free quote for home or vehicle insurance

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Tel: 780.489.8080
Toll-free: 1.877.448.0706
Fax: 780.489.8890
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