Why you as a Private Investigator Need Errors and Omissions Insurance

Private investigators undoubtedly have one of the most fascinating jobs in the world. This is often the way those on the outside view the profession. Of course, they fail to acknowledge the complications and extreme responsibilities placed on the shoulders of these individuals. When attempting to perform an investigation, you can be placed under extreme duress and the situations can be very stressful. Suffice to say, clients expect a lot from their PI and client relationships can go bad and result in a lawsuit, without notice. This is where your Private Investigator Errors and Omissions Insurance also known as PI E&O Insurance comes in.

It is pertinent to obtain insurance, which can protect you from legal action. There are numerous ways to better protect your business and you should never neglect the enormous benefits of errors and omissions insurance. Below, you will learn about coverages that you may wish to obtain.



private investigator insurance




Various Coverage Options For The PI

As a private investigator, you may find yourself in some very dangerous situations. Even after the investigation has concluded, you may find yourself facing legal action. With this in mind, obtaining appropriate insurance and coverage is recommended. Private investigators have a handful of insurance options at their disposal and these will be listed below for your consideration.

  • Commercial and General Liability
  • Firearms Coverage Endorsement
  • Lost key Liability Endorsement
  • Personal Property in-transit coverage
  • Errors and Omissions coverage

Each of these coverage options is very important and will help to protect your business further. It is also possible to obtain some optional insurance, such as property insurance and commercial auto.


Individual Basis

Each errors and omissions policy is based on the individual needs of a client. For instance, an attorney would not profit from the same type of coverage that is offered to a licensed physician. The main reason for this is because each profession is exposed to different types of exposures. This is why many professionals will seek the advice of an insurance broker to protect themselves in the event of a civil lawsuit occurring.


Understanding Your Requirements

When attempting to abide by Canadian law, it is essential to remember that the regulations will vary blankfrom province to province. Some provinces are a little lenient than others. In Ontario, you must obtain a license, as well as first aid and CPR training. Under the Insurance Act, you will not be able to sell your services, unless an insurer has insured you and they have been insured under this act with appropriate limits. An average PI has a coverage of no less than $1,000,000.


Private Detective Surety Bond

As a private investigator, you are responsible for following the Federal and Provincial government laws. You may need to obtain a private detective surety bond, before you are allowed to offer your investigatory services to citizens, within a specific area. You will be analyzing legal and personal data, so you will need to operate according to the laws that are applicable to your profession.


Finding a Broker for your Private Investigator E&O Insurance.

Initially, you may have concerns over the costs involved with this type of insurance. Although it can be slightly expensive, it is truly worth it. At the same time, this insurance can be found at an affordable rate, by contacting LiabilityCover. We are highly reputable in the insurance market and offer some of the cheapest premiums in the industry.

Request a Quote for your Private Investigator Errors & Omissions Insurance Today!




insurance for investigators



Other professions we provide E&O insurance to:

Alternative Energy
Architects & Engineers
Architectural/Engineering technicians and technologists
Building Designers
Business Consultant
Civil engineers
Collection Agencies
Contractors for all specializations
Commercial General Liability Insurance
Directors and Officers
Employment Agencies/Recruiters
Environmental Engineers
Energy Audits & Assessments
Event Organizer/Planner
Foreign Legal Consultants
Holistic Professional
Home Inspectors
Information Technology
Immigration Consultants
Interior Designers
IT Contractor
IT Specialist/Technician/Programmer
Independent Contractor
Product Designers
Professionals Liability
Professional Organizer
Lawyer’s Excess Professional Liability
Management Consultants
Medical Professionals (Malpractice Insurance)
Medical Students (Malpractice Insurance)
Multimedia designers
Mortgage Brokers
New Media
Occupational Health and Safety Consultants
Quality Control Consultants
Placement Agencies
Process Servers
Private Investigators
Project Managers
Property Managers
Publishers and Printers
Recruitment and Employment Agency
Recruitment Consultants
Safety Engineers
Service Organizations
Solar & Wind Farm Engineers & Consultants
Structural Engineers
Sub Contractor
Therapist Professionals
Traditional Chinese Medicine
Fitness Trainers
Travel Agencies
Travel Agents, Tour Operators
Excess & Umbrella Liability
Web-Site Designers
Workplace Engineers & Consultants