Category: Quotes

Ottawa professionals, much like other Canadian professionals, have to live with the constant threat of being sued. Regardless of how good they are at their profession, as long as they work in a field in which they can be held liable for an error or omission that they may or may not have committed, then […]
As you probably already know, insurance coverage can be expensive. Depending on what type of professional you are, professional liability insurance coverage can be even more expensive. The good news is that such coverage does not always have to be¬†that¬†expensive. With a bit of research, lowering your monthly premiums becomes a very real possibility. 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.