Day: April 7, 2015

Professional liability insurance coverageĀ has become increasingly more popularĀ in the last few years or so… and for a reason. Without this policy under their belts, professionals from all over the world must face the threats of lawsuits on a daily basis. Are you among them? Here’s the thing: People sue. By now this shouldn’t be a […]

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.