Why Do You Need Professional Liability Insurance Coverage?

Pic-300x200If you are a professional, chances are that you have heard the term Coquitlam professional liability insurance policy thrown around.

But just how much do you know about this policy? If you do not currently own one, then probably not enough.

Here’s the thing: We live in a very litigious world. A simple mistake, a simple slip and fall and the life that you have worked so hard to achieve could disappear right before your eyes. Without a professional liability insurance policy covering you, going to work each day is a threat in itself. As a professional (regardless of what your profession is), being properly and adequately insured is your responsibility.

So how do you know whether or not you need this policy? Quite simply, you need this policy if the threat of being sued for a an error or omission is a possibility within your professional field. Medical professionals and lawyers are especially vulnerable to litigations. As the saying goes, it’s always better to be safe than sorry, so we recommend every professional to take a step back and contemplate the benefits associated with this coverage.

Because, yes there are benefits. And trust us: They are worth it.

Not only will your insurance company take care of the costs associated with your defence: They will even cover the settlement ordered by the court if applicable. All that will be needed of you is your deductible and co-operation. Sounds good? Certainly better than bankruptcy, no?

And you know what the good news is? Plenty of free insurance quotes can be found online. If you are unfamiliar with the process, let us walk you through it. All it takes is a few minutes of your day for us to give you a general idea of what to expect.

What are you waiting for? It’s never too late to secure your future. Obtain your free quote today!

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.