What Is Professional Liability Insurance Coverage and Why Is It Important? Even the most skilled professionals can make mistakes or face false allegations, and the consequences can be severe without proper professional liability coverage. Professional liability insurance, also known as errors and omissions...
Professional Liability insurance Also known as errors and omissions (E&O) or malpractice insurance, this coverage protects your business if you're sued for alleged negligence, common mistakes, and more.Why it's essential Covers legal defense costs if you're sued for errors, omissions, or ...
CHAPTER 6 Professional Liability Insurance Coverage TRACY ALAN SAXE, DAVID G. JORDAN, JOHN S. SANDBERG, CAROLINE W. SPANGENBERG, AND JULIE A. LIERLY Introduction To state the obvious, the design and engineering work associated with a construction project is critical to the overall success of the...
Professional liability insurance provides coverage for any damages due to claims of negligence or misconduct in the course of a professional conducting their duties and responsibilities. In other words: If you or your employees make a mistake—or are perceived to—and your client suffers a loss as...
Insurance coverage is key to your peace of mind. Along with your training, experience and expertise, The Trust Sponsored Professional Liability* insurance program gives you the confidence to provide psychological services in a host of settings – across your entire career. Even if you have coverage...
How much does professional liability insurance cost? Costs depend on the region in which one practice, field, and the number of claims filed against someone. The company's number of workers and the length of time in the company may also affect the cost of insurance coverage. Similar to other...
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Professional liabilityinsurance policiesare usuallyclaims-made, which means coverage is good only for claims made and events occurring while the policy is active. You might also findoccurrencepolicies, which means you're covered if an incident occurred while you had coverage—even if you let your p...