Day: January 17, 2015

As a professional currently residing in Canada, you probably know that not being properly covered under insurance policies can be devastating to your career. While you might think that it “only happens to other people”, the truth is that no professional is every truly immune from being sued — included you. One of the most […]

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.