Day: September 4, 2015

If there is one thing that every professional currently working and living in Canada should own, it’s a professional liability insurance policy. Unlike general liability insurance policy, this policy financially covers a person (professional) in the event of someone filing a lawsuit against them. If you are currently shopping for a professional liability insurance policy […]

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.