What Does Professional Liability Insurance in Edmonton Cover?
Professional liability insurance for Edmonton professionals helps defend businesses by covering legal expenses if they are sued for negligence or errors and omissions. Negligence can take many shapes and forms.
Here are a few examples of claims that a professional liability insurance policy may cover:
- While filing a report at a health clinic, you make an administrative error, which results in unnecessary costs being added to a patient’s bill.
- You work as a therapist, and your customer feels as if your counselling efforts are ineffective. They are suing to recover what they paid for your services.
- While working as a marketing consultant, you overbook yourself and fail to meet a critical deadline. Your client is suing you for lost time.
Professional liability insurance can cover a variety of scenarios for a professional offering services or advice. For example, whether you are a tax accountant or an IT consultant you will likely require a PLI policy. Read our blog on this subject here: tax accountant protecting yourself against the unexpected
To safeguard your bottom line, professional liability insurance – in its many forms – can give you peace of mind and it will allow you to get back to doing what you do best.
Every policy has its limits. At EasyCover, we offer three levels of protection: $1 million, $2 million, or $5 million. These limits are the total amount your policy will pay out over a 12-month period, even if you make multiple claims during that period.