Tag: halifax

As a professional, you probably know of the importance of securing your career. But what exactly does it mean and how do you go about doing this? Today we will be looking into one common thing that is especially detrimental to careers — namely, lawsuits. We live in a very litigious world. This shouldn’t be […]
As a professional currently operating in Halifax, you’ve probably heard this more times than you can remember: Don’t go to work without adequate coverage. But do you know what that means? And what exactly it entails? Let’s take a look at one of the most common forms of insurance coverage — namely, the professional liability […]

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.