Tag: real estate

There is a rising trend in the Canadian real estate business and it’s known as professional negligence.¬†Unfortunately, professional negligence benefits to no one and can often lead to lawsuits. If you are a Canadian realtor, then we can’t stress enough the importance of being aware of the pitfalls of your profession. Each year, dozens of […]

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.