Tag: calgary professional liability insurance policy

Purchasing a Calgary professional liability insurance policy isn’t meant to be a quick and easy job. It is one of the reasons why insurance coverage in general has such a bad reputation. But here’s the thing — being covered under a professional liability insurance policy has never been that important. To make sure that you receive […]
Being a professional comes with many responsibilities. One of these responsibilities entails being properly covered under the right insurance policies. If you know anything about professional liability insurance coverage, then you probably already know that this type of policy is a must, regardless of what your profession is. It is normal, however, for people to ask questions […]

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.