Day: July 30, 2015

As an IT professional, you probably love your job. And rightly so — the world of IT is always expanding, and there are no limits to what people may employ you for. But here’s the thing: Your profession doesn’t come without its fair share of pitfalls. As you may (or may not be aware of) […]

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.