Tag: canada

Because of the nature of your work, being a social worker comes with a few pitfalls. As a result, it is not uncommon to see social workers having to defend themselves in court. If you are a Canadian social worker, then learning how to prevent someone from filing a lawsuit against you is of the […]
One of the most commonly asked questions related to professional liability insurance coverage is this one: Is professional liability insurance coverage mandatory in Canada? The answer is no. Unlike car insurance coverage, you are not required by law to be covered under a professional liability insurance policy. But here’s the thing: Just because you don’t […]
Let’s face it: The process of finding a professional liability insurance policy isn’t as simple as most people would like it to be. Between trying to find a reliable company and trying to understand how policies differ from one another, you also have to worry about your budget. If you live in Canada, we have […]
There is a rising trend in the Canadian real estate business and it’s known as professional negligence.¬†Unfortunately, professional negligence benefits to no one and can often lead to lawsuits. If you are a Canadian realtor, then we can’t stress enough the importance of being aware of the pitfalls of your profession. Each year, dozens of […]
If you are a professional currently residing and operating in Canada, then chances are that you are familiar with professional liability insurance coverage and what it entails. While our dream is for every professional to be covered under this policy, we know that it just won’t happen. This is why we make it our priority […]

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.