Professional liability insurance covers legal expenses if you’re sued by a client or third party for a mistake or failure to provide your service or professional advice. This includes:
• Defense costs
• Judgement awards
Keep in mind that you’ll only be covered to your policy limit (the maximum amount that’s covered by your professional liability policy). You’re also not covered for intentional or criminal actions.
Exactly what’s covered will depend on your individual policy and the insurance company. Talk to one of our professional liability insurance brokers in Calgary for full details.