Day: September 25, 2015

In the insurance world, it is not uncommon to see people wondering whether they would benefit more from a professional liability insurance policy or from a general liability insurance policy. Because of the similar nature of each policy, it is not surprising either. Quite simply, a professional liability insurance policy covers professionals. As 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.