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...
Professional liability insurance means insurance against legal liability incident to the practice of a profession and provision of a professional service. Fund Indemnified Persons means, the Fund and its affiliates and trustees, officers, partners, employees, agents, representatives and control persons, en...
The limit of liability is usually denoted as per claim/aggregate. For example, you may select a limit of liability of $5 million per claim / $5 million aggregate. This means any given claim will have a maximum coverage of $5 million, and the most the insurance company will pay in a p...
Professional liability insurance is typically a claims-made insurance policy. That means the policy covers claims made during the coverage period—and may include events that occurred in the past. Claims-made policies may include: Retroactive date This is the date your professional liability insurance...
Professional liability insurance is the most disruptive problem confronting engineers today. Soaring premium rates can bankrupt even a healthy firm. Scarcity of insurance coverage can force a company to abandon profitable parts of its practice. However, an increasing variety of solutions is emerging for...
Additionally, professionals should be aware that professional indemnity insurance typically operates on a claims-made basis. This means that the policy only covers claims that are made and reported during the policy period, regardless of when the alleged incident occurred. It is essential to timely ...
Gallagher's Errors and Omissions team provides professional liability insurance for insurance brokers in Ontario and Newfoundland to help protect you when defending a claim.
In effect, this means that every corporate practice will have aggregate cover of $10 million for all claims during an insurance period subject to a maximum of $5 million per claim. 还要求所有索赔的年度总赔偿额不少于最低赔偿限额的两倍。总保单为最低保额和任何补充保额提供此类总保额。实际上,这...
There are also other names for professional indemnity insurance, including errors and omissions insurance. This name is mainly used in the US, but it means the same thing. Whatever you call it, protecting yourself with insurance could be valuable to your business, helping you to manage claims ...
Kouwenhoven & Associates Inc. is an independent insurance agency, which means that we are not tied to one specific insurance company. Because we work with multiple carriers, we are able to provide you with a wider variety of options. As a result, you get the coverage you need. ...