Tag: professional liability insurance quote

Okay, so you’re a professional. We have this covered (no pun intended). But the question still remains… are you covered under a Fredericton professional liability insurance policy? Chances that you’re not… or well, you wouldn’t be here! If you are considering purchasing this policy in the near future, here are 3 things that you need […]
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) […]
        In the professional world, not being covered under the right insurance policies can have disastrous effects on your life. Each year, hundreds of professionals from all over the country are taken to court. What prevents¬†you from being among them? Unfortunately, avoiding malpractice and acts of negligence is not enough to keep […]
If you are a professional currently operating in Canada, chances are that you have heard of either the term “error and omission coverage” or “professional liability insurance coverage” being used in the past. But if you are unsure of what those terms mean,¬†they can easily confuse you — especially when you end up learning that […]
Malpractice claims are every professional’s worst enemy… and rightly so. While malpractice claims don’t always ruin a career, they certainly have the possibility to do so. The more severe the claim is, the more damage they can cause. As a Canadian professional, properly insuring you should be one of your priorities. We simply can’t stress […]
If you are a professional currently operating in Coquitlam, then we cannot stress enough the importance of being covered under a professional liability insurance policy. Regardless of what field you are working in, the truth is that you are never immune to being sued. You might think that it “only happens to others”, and while […]

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.