Any person, firm or corporation designated in the policy by name as the insured, as opposed to someone who may be covered by the policy but is not specifically named. For example, the registered owner of a house would be the named insured on a home insurance policy. Members of the family while living under [...]
If you have a professional liability (errors & omissions) policy, lapsing your policy for even one day can leave you open to a potentially devastating lawsuit down the road. Most E&O policies are written on “claims made” basis. This means that the policy covers claims that are reported druing the current policy period, even if [...]
insurancebroker.ca has recently launched the Professional Liability Insurance Centre for professionals working in a wide variety of businesses and professions.
Most brokers and agents do not specialize in Professional Liability Insurance so you may not be able to obtain the right coverage for your business from your current broker or agent. Besides, we know that you [...]
Errors & omissions (E&O), also known as professional liability or medical malpractice in the health industry, covers liability arising out of negligent acts in rendering, or failing to render, professional services. Professionals are people who hold themselves out as having a special skill, knowledge or experience. Most people think of lawyers, doctors, accounts, architects, and [...]