Tag: insurance coverage

Maybe a friend of a friend of a friend has experienced it in the past. Maybe you’ve simply read about it online and have come to the conclusion that it might happen to you too. Regardless of why you are here, we can probably agree on one thing: As a professional currently living and working […]
Lethbridge professionals hailing from professions in which the risk of being held liable for an error or omission that they might not even have committed should spend some time reading about the benefits of being covered under a professional liability insurance policy. Here’s why: – Each year, thousands of professionals from all over the world […]
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.