Day: June 6, 2015

You’ve heard it before: Professional liability insurance coverage is necessary. But why is it necessary? And more importantly — what do you, a Canadian professional, gain from purchasing it? Those are all valid questions that many people ask themselves on a regular basis. Because we know you’ve been itching to find out the answers to […]

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.