Should You Hire a Professional Liability Insurance Broker?


When people first delve in the great big world of insurance policies, they often wonder whether or not hiring a broker is worth it.

Of course, having some reservation about hiring a broker is perfectly normal. After all, insurance policies can be taken care of (with some difficulty) by yourself. Plenty of people have done in the past and continue to do so. Why would you be any different?

But here’s the thing — do you really want to take care of them by yourself?

If you are considering purchasing a Canadian professional liability insurance policy for your insurance needs in the near future, then we highly recommend hiring one of Canada’s professional liability insurance brokers before going any further. Not only will doing so make the whole process easier for you — it might even end up saving you money in both the long and short term!

Of course though, this is only an advice that can easily be overlooked. If you don’t mind spending some time doing research, then you might think twice about hiring a broker. Likewise, if you have lots of experience in insurance coverage and you already know of a trustworthy company that offers this type of coverage you might not need a broker.

But if you don’t and you still don’t feel like hiring one, you will find that plenty of insurance companies out there offer free insurance quotes. As we have before, those free quotes are your best friend when you are shopping for a professional liability insurance policy so use them wisely!


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.