Tag: professional liability insurance brokers

When people first delve in the great big world of insurance policies, they often wonder whether or not hiring a broker is worth it. Of course, having some reservation about hiring a broker is perfectly normal. After all, insurance policies can be taken care of (with some difficulty) by yourself. Plenty of people have done […]

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.