Tag: professional liability insurance coverage

If you are new to the world of insurance coverage, then you are probably wondering what a deductible is… and rightly so. In simple terms, a deductible is the amount of money that you have to pay your insurance company before you are eligible to make a claim. It’s as simple as that. (Okay, maybe it’s not […]
In the insurance world, it is not uncommon to see people wondering whether they would benefit more from a professional liability insurance policy or from a general liability insurance policy. Because of the similar nature of each policy, it is not surprising either. Quite simply, a professional liability insurance policy covers professionals. As you may […]
When it comes to insurance coverage, there seems to be a recurring question among professionals in Medicine Hat, and really across the entire country as well: Should they purchase a professional liability insurance policy? The truth, unfortunately, is that we can’t say for sure whether YOU need to be covered under this policy. What we […]
Each year in Canada, thousands of professionals are sued for malpractice. Among those thousands of professionals, it would be safe to assume that at least several of them work in the accounting field. If you are an accountant, the very nature of your job makes you prone to being sued. Add an error here and […]
Are you a professional currently living and working in Edmonton, Canada? Then it might be time for you to purchase a professional liability insurance policy. Quite simply, this policy covers you financially in the event of someone filing a lawsuit against you. In other words, when/if you are forced to defend yourself in court, you […]
Under Canadian laws, you are not required to purchase a professional liability insurance policy before kick-starting your career in a certain field. But as we have said numerous times before, just because you don’t have to doesn’t mean that you shouldn’t. If you are a professional currently working and living in Canada, then you may […]
The 21st century has brought with it a worrisome and ever-increasing amount of claims against professionals in Canada and the United States. Malpractice, negligence, error and omission… those are all terms that no professional ever wants to see associated with them. For the most part, not partaking in malpractice and negligence always goes a long […]
Because of the nature of your work, being a social worker comes with a few pitfalls. As a result, it is not uncommon to see social workers having to defend themselves in court. If you are a Canadian social worker, then learning how to prevent someone from filing a lawsuit against you is of the […]
Are you a professional currently living and working in Calgary, Alberta? More importantly — are you on the lookout for a free professional liability insurance quote? If you are, then EasyCover has you covered. Because you are here, we can probably assume that you are already familiar with professional liability insurance coverage and why you […]
One of the most commonly asked questions related to professional liability insurance coverage is this one: Is professional liability insurance coverage mandatory in Canada? The answer is no. Unlike car insurance coverage, you are not required by law to be covered under a professional liability insurance policy. But here’s the thing: Just because you don’t […]

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.