When searching for the best professional liability insurance policy, free insurance quotes are your weapons of choice. Requesting and filling out as many as you can will give you a general idea of what to expect from each company and policy. If you are a professional currently living and working in Vancouver, British Columbia, then […]
In 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 […]
If you are a Canadian accountant, chances are that you have heard of at least one person being sued for a mistake or omission in the past. This is not surprising: We live in a world in which lawsuits are becoming increasingly common. But what does it mean for you? And more importantly — what […]
You are never really happy to be covered (or unhappy not to be covered) under a professional liability insurance policy until you find yourself in need of it. While you are not required by law to purchase this policy, some companies in Edmonton will require that you do regardless. Unfortunately, insurance policies tend to have […]
Are you a Canadian professional interested in learning more about professional liability insurance coverage and how it might (or might not) benefit you? Then you’ve come to the right place. Here at EasyCover, we have experience in helping people understand just what this policy is and why they happen to need it. This is why […]
Maybe a friend of a friend of a friend has experienced it in the past. Maybe you’ve simply read about it online and have come to the conclusion that it might happen to you too. Regardless of why you are here, we can probably agree on one thing: As a professional currently living and working […]
If you are a small business owner in Canada, chances are that you already know how important it is to be covered under the right insurance policies. But here’s the thing: Knowing about something and actively seeking to make said thing happen are two different things. Too often people hear about professional liability insurance policy […]
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 […]
You’ve heard it before: Professional liability insurance coverage is necessary. But why is it necessary? And more importantly — what do you, a Canadian professional, gain from purchasing it? Those are all valid questions that many people ask themselves on a regular basis. Because we know you’ve been itching to find out the answers to […]
There is a rising trend in the Canadian real estate business and it’s known as professional negligence.¬†Unfortunately, professional negligence benefits to no one and can often lead to lawsuits. If you are a Canadian realtor, then we can’t stress enough the importance of being aware of the pitfalls of your profession. Each year, dozens of […]

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.