As we said before, being a professional comes with many responsibilities. This does not come as a surprise — after all you are hired to perform a certain task. It makes sense, therefore, that failing to perform this task lands you in a situation that you would have rather avoided. If you live in the […]
Are you a professional currently residing in Brampton? Then you might be among those in need of a professional liability insurance policy. If you are unsure of whether or not you need to be covered under such policy, ask yourself this question: Does the risk of being held liable for an error or omission that you […]
As a professional currently residing in Edmonton, one of the worst-case scenarios related to your career probably entails a lawsuit. Let’s be honest — no matter how good you are, lawsuits are sometimes inevitable. By now it’s no surprise to anyone that we live in a very, very litigious world. A simple mistake can often […]
You’ve heard it a thousand times before — being properly uninsured is dangerous. It’s dangerous if you drive an uninsured car and you get into an accident. It’s dangerous if your uninsured house becomes the victim of vandalism overnight. But do you know how dangerous it is for you to go to work each day […]
Being a professional comes with a certain degree of responsibility. Regardless of your profession, the burden of performing your work properly lies on your shoulders at all times. Let’s say that you are a doctor currently operating in Toronto. Nobody has ever complained about you. Your co-workers enjoy working with you and you are never […]
Being a lawyer in Kitchener, Ontario comes with many burdens and responsibilities. Among those is the pressure to always perform properly. The truth is that being a lawyer does not make you immune to being sued, as ironic as it sounds. In fact, legal professionals are among some of the most sued people on earth. If […]
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If you are a professional, chances are that you have heard the term Coquitlam professional liability insurance policy thrown around. But just how much do you know about this policy? If you do not currently own one, then probably not enough. Here’s the thing: We live in a very litigious world. A simple mistake, a […]
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.