Tag: professional liability insurance policy

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 […]
Let’s be honest: Professional liability insurance coverage is often misunderstood, its importance underestimated. If you are a professional, then we cannot stress enough the importance of educating yourself on professional liability insurance coverage. To make this a little bit easier for you, EasyCover has compiled today a list of 3 common myths related to this […]
As an IT professional, you probably love your job. And rightly so — the world of IT is always expanding, and there are no limits to what people may employ you for. But here’s the thing: Your profession doesn’t come without its fair share of pitfalls. As you may (or may not be aware of) […]
Are you a Canadian professional interested in learning more about professional liability insurance coverage and how it might (or might not) benefit you? Then you’ve come to the right place. Here at EasyCover, we have experience in helping people understand just what this policy is and why they happen to need it. This is why […]
Maybe a friend of a friend of a friend has experienced it in the past. Maybe you’ve simply read about it online and have come to the conclusion that it might happen to you too. Regardless of why you are here, we can probably agree on one thing: As a professional currently living and working […]
As a Canadian professional, knowing how to prevent lawsuits can often go a long way. But here’s the thing: Sometimes you can’t prevent someone from filing a lawsuit against you. It doesn’t matter if you are the best at what you do.  It doesn’t even matter whether you were at fault or not. All it […]
Have you ever stopped to think about what you would do if someone were to bring you to court? Unfortunately, most people haven’t. But here’s the thing: People sue. They sue when companies fail to provide them with adequate service. They sue when they are victims of professional negligence. And they sometimes even sue when things […]

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.