Day: October 2, 2015

If you are new to the world of insurance coverage, then you are probably wondering what a deductible is… and rightly so. In simple terms, a deductible is the amount of money that you have to pay your insurance company before you are eligible to make a claim. It’s as simple as that. (Okay, maybe it’s 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.