PROLINK Broker Network Inc

Description

Why the need for Errors & Omissions coverage? In Canada, court awards have risen sharply in recent years. Increasingly, people are showing a willingness to turn to the courts when they believe that goods or services they receive are substandard. The fact is, even if you are not at fault, defending yourself in court is a costly business - and a threat to your financial security. Will your existing insurance policy protect you? Most liability policies do not respond to suits involving professional services. Nor do they cover any legal disputes involving pure financial losses. Errors & Omissions insurance complements your Commercial General Liability coverage - filling in these dangerous gaps. When do you require E&O coverage? Lawsuits can affect any profession. A simple error or omission can result in exorbitant claims over: Do You Need Errors & Omissions Insurance? If you answered YES to any of the above, you may be vulnerable to lawsuits that many business insurance policies don't cover! Request for Professional Liability Insurance Information Form You Can Be SUED! There is no shortage of sickness, injuries and even deaths giving rise to litigation in all areas of "professional services". Recent cases employ the following test to determine if an activity is a professional service; that is if your service is one, hich embraces "both a mental or intellectual exercise within a recognized discipline and the application of special skill, knowledge and training to the particular function in question." Lawyers, doctors, dentists, opticians, nurses, physiotherapists, chiropractors, veterinarians, dietitians, occupational therapists, kinesiologists, dental hygienists … to name a few fall within the term "Professional." I'm sure you can think of several other occupations, which likely meet this test. Issues arising from Professional Liability, or MALPRACTICE, are of great concern to both you , the professional, and your client or patient. There was, of course a time when socially your client would never have even considered bringing an action against you. . . not even in instances where there was simple negligence or an obvious errors. Times have changed and you are a target for lawsuits. Today, the public and our legal system expect much more from you and are much more inclined to initiate a lawsuit. When adjudicating cases, the courts have based their judgment on an increasingly higher standard of care and responsibility. The ever increasing levels of education, training, experience and reputation of professionals have led the courts and your clients to expect service which is superior if not perfect in all circumstances. This higher accountability can be overwhelming and even frightening for many in your profession. To think that you are responsible for every action which you do or fail to do, or allegedly did or failed to do, and that any error however innocent, could bring severe or negative consequences, is quite unnerving. Why have public attitudes changed toward the professional? There are a number of contributing factors.

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