Tag: profesisonal liability insurance coverage

If you are a professional currently operating in the Oshawa region, chances are that you are not immune to being sued. This does not come as a surprise — you are, after all, hired to perform a certain task. Failure to perform this task can often negatively impact the lives of other people. In this […]

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.