Why Lethbridge Professionals Need to Inform Themselves on Professional Liability Insurance Coverage

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Lethbridge professionals hailing from professions in which the risk of being held liable for an error or omission that they might not even have committed should spend some time reading about the benefits of being covered under a professional liability insurance policy. Here’s why:

– Each year, thousands of professionals from all over the world are taken to court. 

– Among those professionals are people who have made honest mistakes. Some of them may have omitted vital information by accident. Some of them might not even be at fault; maybe they were brought to court because they had NO control over something and this fact displeased their client.

– Lawsuits are expensive. Professionals who are unable to afford lawyers and any settlement that has been ordered the court often go bankrupt as a result.

– Lawsuits are also stressful. Professionals who must deal with lawsuits by themselves lose more than sleep over them. 

As you can see, lawsuits are troublesome. As a professional currently living and operating in Lethbridge, we cannot stress enough the importance of being covered under a Lethbridge professional liability insurance policy. Not only does the latter completely take the burden of having to find a lawyer off your shoulders — it also completely covers the costs related to hiring one. Once you have paid your deductible, all that you have to do is work in tandem with your lawyer and try to prove your innocence or alleviate the claims being made against you.

For more information, we encourage you to request a free insurance quote such as the one offered by EasyCover.

Categories:

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.