Ottawa Professional Liability Insurance Coverage vs. General Liability Insurance Coverage

shirt-pocket-tie-1578351-1279x883In the world of insurance coverage, it is not uncommon for people to confuse professional liability insurance coverage and general liability insurance coverage. While nobody can doubt the importance of those two policies, few people can truly distinguish between the two. This is mostly due to those policies sharing the same purpose — namely financial protection in the event of a lawsuit.

Today, EasyCover would like to clear once and for all the confusion that surrounds those two policies. So without further ado, let’s take a look at what those policies entail:

  • General liability insurance policy: Typically, this policy covers a business (or a business) against claims of bodily or personal injury and property damage. One of the most common claims involves a customer injuring themselves on business premises, but general liability insurance claims are certainly not limited to that scenario. General liability insurance policy is crucial if you own a business in Ottawa, or anywhere else for that matter.
  • Ottawa professional liability insurance policy: Unlike GCL insurance policy, professional liability insurance policy covers you financially against claims of professional malpractice or negligence. In the industry, it’s also commonly referred to as “errors and omissions insurance coverage”. Doctors, lawyers, nutritionists and accountants absolutely need to be covered under this policy — but they are not the only ones. If you work in a field in which the threat of being sued for an error or omission that you may or may not have committed exists, then we highly urge you to consider requesting a free insurance quote from EasyCover today.


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.