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As a Canadian professional (regardless of which field you are actually working in), ensuring that you are properly covered should be one of your main priorities. More often than not, this includes being covered under a professional liability insurance policy. Quite simply, this type of policy covers you financially in the event of a lawsuit […]

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.