Day: August 24, 2015

Under Canadian laws, you are not required to purchase a professional liability insurance policy before kick-starting your career in a certain field. But as we have said numerous times before, just because you don’t have to doesn’t mean that you shouldn’t. If you are a professional currently working and living in Canada, then you may […]

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.