Tag: canadian professional liability insurance

Are you a professional currently operating in Cape Breton? If you are here, then we can probably assume that you are. But here’s the question: Are you currently covered under a Cape Breton professional liability insurance policy? If you are here, then we can probably assume that you aren’t. And if you aren’t familiar with […]

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.