Day: July 19, 2015

Purchasing a Calgary professional liability insurance policy isn’t meant to be a quick and easy job. It is one of the reasons why insurance coverage in general has such a bad reputation. But here’s the thing — being covered under a professional liability insurance policy has never been that important.┬áTo make sure that you receive […]

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.