Day: September 17, 2015

When it comes to insurance coverage, there seems to be a recurring question among professionals in Medicine Hat, and really across the entire country as well: Should they purchase a professional liability insurance policy? The truth, unfortunately, is that we can’t say for sure whether YOU need to be covered under this policy. What we […]

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.