Day: December 6, 2014

Being a professional comes with many responsibilities. One of these responsibilities entails┬ábeing properly covered under the right insurance policies. If you know anything about professional liability insurance coverage, then you probably already know that this type of policy is a must, regardless of what your profession is. It is normal, however, for people┬áto ask questions […]

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.