Day: September 10, 2015

Okay, by now you’ve probably heard enough things about professional liability insurance coverage to know when you need it. But what about when you DON’T need it? Unlike what some people think, not every professional needs to be covered under this policy. Here is when purchasing a professional liability insurance policy in Canada is not […]

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.