Day: May 12, 2015

Have you ever stopped to think about what you would do if someone were to bring you to court? Unfortunately, most people haven’t. But here’s the thing: People sue. They sue when companies fail to provide them with adequate service.¬†They sue when they are victims of professional negligence. And they sometimes even sue when things […]

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.