Professional Liability Insurance Coverage
Professional Liability Insurance provides protection for people who give professional advice, make educated recommendations, design solutions or represent or advocate for the needs of others. People who may benefit from this type of coverage include financial planners, consultants, and designers.
This is an important coverage for anyone who deals with clients who may claim that something done on their behalf was done incorrectly and that this error has caused them a financial loss.
What is Professional Liability Insurance?
Professional Liability Insurance is a form of insurance which helps protect individuals, businesses and service providers that give specialized advice. The policy protects against legal claims made against you or your business for professional services and advice.
Who Needs Professional Liability Insurance?
If you’re a medical professional, lawyer, accountant, architect, engineer, consultant, broker, financial advisor, or any other type of professional practitioner in Ontario, your professional organization requires you to have professional liability insurance.
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