Tag: lethbridge professional liability insurance policy

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 […]

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.