Tag: edmonton professional liability insurance policy

You are never really happy to be covered (or unhappy not to be covered) under a professional liability insurance policy until you find yourself in need of it. While you are not required by law to purchase this policy, some companies in Edmonton will require that you do regardless. Unfortunately, insurance policies tend to have […]

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.