Tag: professional liability insurance

Okay, by now you’ve probably heard enough things about professional liability insurance coverage to know when you need it. But what about when you DON’T need it? Unlike what some people think, not every professional needs to be covered under this policy. Here is when purchasing a professional liability insurance policy in Canada is not […]
Ottawa professionals, much like other Canadian professionals, have to live with the constant threat of being sued. Regardless of how good they are at their profession, as long as they work in a field in which they can be held liable for an error or omission that they may or may not have committed, then […]
Professional liability insurance coverage has become increasingly more popular in the last few years or so… and for a reason. Without this policy under their belts, professionals from all over the world must face the threats of lawsuits on a daily basis. Are you among them? Here’s the thing: People sue. By now this shouldn’t be a […]
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 […]
If you are a professional currently residing and operating in Canada, then chances are that you are familiar with professional liability insurance coverage and what it entails. While our dream is for every professional to be covered under this policy, we know that it just won’t happen. This is why we make it our priority […]
As a professional currently operating in Halifax, you’ve probably heard this more times than you can remember: Don’t go to work without adequate coverage. But do you know what that means? And what exactly it entails? Let’s take a look at one of the most common forms of insurance coverage — namely, the professional liability […]
If you are a professional currently operating in the Oshawa region, chances are that you are not immune to being sued. This does not come as a surprise — you are, after all, hired to perform a certain task. Failure to perform this task can often negatively impact the lives of other people. In this […]
Being a professional comes with many responsibilities. One of these responsibilities entails being properly covered under the right insurance policies. If you know anything about professional liability insurance coverage, then you probably already know that this type of policy is a must, regardless of what your profession is. It is normal, however, for people to ask questions […]

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.