Professional Liability

Whether you call it PLI, PII or E&O, Errors & Omissions insurance is designed to help protect individuals and companies who provide professional advice, consulting and services from costly negligence suits alleging wrong advice was given, an error in service, or incorrect data or information was provided to clients.

Breach of contract claims are common against professionals, as are allegations of breach of intellectual property rights (usually where source code has been used in another project, often unintentionally).

Protect yourself and your business with PMU Specialty’s superior professional insurance.

• Claims made policy
• First dollar defence
• Defence costs in addition to the limits of liability
• Defence coverage for disciplinary proceedings
• Spousal and domestic partner liability coverage
• Worldwide territorial coverage
• Employment Practices Liability Defence Costs Extension available
• Outside Directorship liability Defence Costs Extension available
• Life Insurance operations covered, with sublimits of up to $2 million available for independent agents
• Fraudulent Acts Endorsement included for Life and Mutual Fund agents.
• Coverage for Judgement, penalties, fines, and settlements resulting from allegations of breach of professional services or misrepresentation
• Misleading advice and conflict of interest coverage
• Wrongful business practices coverage

We offer comprehensive Errors and Omissions insurance for:

• Architects
• Engineers
• Project managers
• Consultants
• Credit and debt counsellors
• Medical professionals
• Law firms
• Executive search firms
• Financial consultants
• Management firms
• Software developers
• Insurance agents or brokers

Is your risk not on this list? Give us a call!

The best loss is the loss you don’t have. Preventing professional losses starts with an overview of contract exposures and incorporates best practices for administering accounts, documenting client interactions, and having your customers acknowledge in writing decisions and recommendations before they are implemented.

We can help you design coverage using our modular policy, and suggest best practices that can dramatically reduce the likelihood of a claim.

Think your risk is uninsurable? Try PMU Specialty – if we can help, we will!

A dangerous but common misconception of executives and boards is that alleged misconduct by directors or companies is covered under other liability policies, such as E&O, CGL or another professional liability policy. Secure your future with the D&O coverage your organization needs.

Some common allegations requiring defence by officers and directors include:

• Breach of fiduciary duties
• Giving wrong or unprofessional advice
• Acting beyond the scope of their authority
• Authorizing excessive company spending
• Failure to supervise subordinates or company affairs properly
• Allowing unauthorized company borrowing
• Non-compliance with regulations
• Reporting errors

• Damage awards
• Settlements and legal defence costs
• Protection for the assets of the organization and the personal assets of its directors and officers

Additional coverages available

• Spousal Extension
• Outside Non-profit Directorship
• Kidnap Expense coverage
• Key Person Recruitment
• Extended Legal Costs
• Claims Expenses coverage

• Acquisitions or divestitures
• Mergers
• Foreign investment (especially in the USA)
• Public offerings
• Management buy-outs
• Reduced dividends
• Failure to comply with regulation
• Environmental breaches
• Shareholder actions
• Cyber security breaches
• Sexual misconduct
• Waste or mismanagement of corporate assets
• Employee dismissal
• Boardroom dispute
• Breach of contract
• Liquidation of the company
• Change in ownership of the company’s share capital

We work closely with our insurance markets to offer risk assessments and minimize your exposures to shareholder actions, regulatory non-compliance allegations, employee-driven lawsuits, sexual misconduct and suits related to mergers and acquisitions.

While most physicians in Canada are members of the Canadian Medical Protective Association (CMPA) and may believe CMPA provides them with malpractice insurance, the CMPA is not an insurance company: their assistance to physicians is available strictly on a discretionary basis. The CMPA Council has full discretion to limit, decline or terminate assistance without reason.

Physicians and other medical practitioners may face civil claims, and because of the collaborative nature of medical care, most malpractice suits will name as defendants the physician, hospital (or private clinic), and hospital staff that provided care.

Medical malpractice claims can come with substantial damages, and commonly allege negligence in:

• Duty of care
• Foreseeability
• Causation

PMU Specialty’s medical malpractice insurance covers:

• Investigation and defense fees, and court costs
• Arbitration costs
• Settlement costs
• Punitive and compensatory damages
• Medical damages

Our minimum premium is $2,500.

PMU Specialty has an innovative product combination offering maximum protection:

Section 1: Medical Malpractice Liability (claims made):

Limits from $1 million to $10 million any one claim and in the annual aggregate are available

Section 2: Commercial General Liability (claims made)

Limits from $1 million to $10 million any one claim and in the annual aggregate in respect of liability arising from the insured’s products and completed operations

Included

• Products liability
• Pollution liability
• Public liability

Sub-limits of CGL liability

• T.L.L. limit: $250,000
• Medical payments: $10,000 for any one person; $50,000 any one accident
• Personal and advertising injury limit: $1 million
• Pollution sub-limit (sudden and accidental, 120 hours): $1 million annual aggregate
• Product recall expense: $50,000
• Employee benefits liability: $1 million annual aggregate
• Forest fire fighting expenses: $500,000 annual aggregate
• Employment practices: $25,000 annual aggregate (claims made)
• Non-owned auto: $1 million
• Legal liability for damage to hired autos: $50,000

• Hospitals
• Senior care homes
• Specialty and multidisciplinary clinics – veterinarians, dentists, psychiatrists, etc
• Individual practitioners
• Associations of practitioners
• Miscellaneous medical entities/exposures

Minimum premium of $3,500.

PMU Specialty’s innovative insurance products are modular – we build a policy and best practices geared to your medical services, and insurance needs.

Medical malpractice claims can be complex and are usually expensive. You’ll want the best, most experienced legal counsel, with specialized training in the field – the kind of protection PMU’s medical malpractice coverage provides.