Tag: professional liability insurance canada

If you are a professional currently operating in Canada, chances are that you are at least familiar with professional liability insurance coverage. But being familiar with this policy is not nearly enough. In fact, it’s nowhere near enough. Professional liability insurance Canada should never be ignored. Being properly covered is more important than ever, and […]

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.