Day: August 6, 2015

Let’s be honest: Professional liability insurance coverage is often misunderstood, its importance underestimated. If you are a professional, then we cannot stress enough the importance of educating yourself on professional liability insurance coverage. To make this a little bit easier for you, EasyCover has compiled today a list of 3 common myths related to this […]

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.