Day: October 19, 2015

If you are a professional currently working and living in Nanaimo, you may be wondering (and with good reason) whether or not you need to be covered under a professional liability insurance policy. Here’s the thing: While you are not required to purchase this policy, it doesn’t mean that you shouldn’t. Think about it for a […]

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.