Day: October 9, 2015

In Canada, it is no secret that being a contractor is one of the most dangerous jobs. This is why companies prefer to hire skilled and experienced workers. With that being said, however, sometimes it’s easy to forget simple rules — especially after working as a contractor for several years. The more familiar a job becomes, the […]

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.