Day: May 27, 2015

As a Canadian professional, knowing how to prevent lawsuits can often go a long way. But here’s the thing: Sometimes you can’t prevent someone from filing a lawsuit against you. It doesn’t matter if you are the best at what you do. ┬áIt doesn’t even matter whether you were at fault or not. All it […]

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.