🔍💼 Independent Contractor Liability Gaps: Are You Fully Covered? 🇨🇦
As an independent contractor in Canada, you’re your own boss—but are you fully protected against liability risks? 🤔
Many contractors overlook critical gaps in their insurance, leaving themselves exposed to unexpected costs and claims. 💥💸 Whether you work in construction, transportation, IT, or another field, understanding where you may not be covered is essential.
⚠️ Common Liability Gaps for Independent Contractors
1️⃣ General Liability – Accidents or injuries on the job site that aren’t covered by your client’s insurance.
2️⃣ Professional Liability – Errors, mistakes, or omissions in your services that cause financial loss to clients.
3️⃣ Non-Owned Vehicle Liability – Accidents that occur while driving a vehicle you don’t own may not be fully covered. 🚗
4️⃣ Property Damage – Damage to a client’s property during your work can result in costly, out-of-pocket expenses. 💥
💡 Why This Matters for Canadian Contractors
With evolving regulations and legal requirements in Canada, inadequate coverage can lead to lawsuits, business interruptions, and even reputational harm. 🏚️ Without the right insurance, a single mishap could disrupt—or even derail—your business.
🧠 Pro Tips
✔️ Review your contract terms to confirm all insurance requirements.
✔️ Work with an insurance broker to identify and address policy gaps.
✔️ Consider additional protection such as professional, cyber, or pollution liability coverage, depending on your industry. 🔒
📣 Final Word
Contractors in Canada: protect yourself and your livelihood from the unexpected. Let’s connect to discuss how to close liability gaps and keep your business secure. 📲
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