Tag: calgary

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 […]
When people hear the word “insurance”, some of them don’t always respond positively. Some think that insurance policies are too expensive. Others think that they are useless. As a professional currently operating in Calgary, Alberta, what’s your take on it? Chances are that you don’t agree with those people. You know exactly how important insurance policies […]
Have you ever thought of how you would react if you were to ever be faced with a lawsuit? Most people don’t. Lawsuits can be terrifying. Not only can they completely ruin a person’s reputation — they can also leave them financially ruined for many, many years to come. If you are a professional currently […]
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.