Day: November 28, 2014

As a tax accountant, you are required to always remain on top of the game. This is not surprising — people trust and pay you to perform your duties to the best of your abilities. Failing to do can therefore land you in big trouble. But can it go as far as to make you […]

Professional Liability Insurance/PLI

(Errors and Omissions Insurance)

  • Flawed professional advice and services that may have resulted in financial loss to the customer or client.
  • Protects professional individuals or companies from responsibility of the full cost of defending against a negligence claim and damages awarded in such a civil lawsuit.
    • Professional liability insurance covers the costs of judgments, settlements and legal defense.
    • Damages paid under a professional liability policy are typically financial rather than physical.