Day: August 27, 2015

Are you a professional currently living and working in Edmonton, Canada? Then it might be time for you to purchase a professional liability insurance policy. Quite simply, this policy covers you financially in the event of someone filing a lawsuit against you. In other words, when/if you are forced to defend yourself in court, you […]

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.