Tag: kamloops

The 21st century has brought with it a worrisome and ever-increasing amount of claims against professionals in Canada and the United States. Malpractice, negligence, error and omission… those are all terms that no professional ever wants to see associated with them. For the most part, not partaking in malpractice and negligence always goes a long […]

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.