Day: July 23, 2015

Let’s face it: The process of finding a professional liability insurance policy isn’t as simple as most people would like it to be. Between trying to find a reliable company and trying to understand how policies differ from one another, you also have to worry about your budget. If you live in Canada, we have […]

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.