Tag: canada professional liability insurance

In the world of insurance coverage, free insurance quotes should be everybody’s weapons of choice. This is because they allow people to get a general idea of what to expect from a particular company… but you already know that, right? If you are here, we can only assume that you are interested in the WHERE […]
As a Canadian professional (regardless of which field you are actually working in), ensuring that you are properly covered should be one of your main priorities. More often than not, this includes being covered under a professional liability insurance policy. Quite simply, this type of policy covers you financially in the event of a lawsuit […]
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 […]

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.