Professional liability insurance (PLI) protects professionals such as accountants, lawyers, and physicians against negligence and other claims initiated by their clients. Professionals with expertise in a specific area require this type of insurance because general liability insurance policies do not offer ...
Requirements engineering consulting side of its loss to bear the full economic liability, relying on its own can not afford to practice at home and abroad show that the registered construction engineer professional liability insurance system is an important measure to improve the situation. It will ...
"There is a lot of potential for insurance firms to provide and strengthen the professional liability insurance products and to cater them to the needs and requirements of the different industries," the added. Key Arab insurance premiums hit $27bn We are proud to be hosting the Professional Li...
Insurance requirements and arrangements also vary substantially, with LPL insurance being mandatory in only about half of the countries.Herbert M. KritzerLaw SchoolUniversity of MinnesotaInternational Journal of the Legal Profession
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...
When a contractor enters into a construction contract, they agree to fulfill a certain set of requirements for another party—often a general contractor. When the contractor breaches the contract by committing a mistake or otherwise performing negligent work, professional liability insurance can help co...
With 40+ years of experience, learn about AIG’s professional liability insurance solutions that addresses unique risks to meet the evolving needs of multinational programs.
each corporate practice shall have a valid and binding contract of professional indemnity insurance under the professional indemnity insurance master policy of the Institute and any additional binding contract of professional indemnity insurance required to ensure compliance with the minimum requirements set ...
In some states, for some occupations, holding professional indemnity insurance is a mandatory requirement before an operating licence is granted. Failing to comply with these requirements could also involve penalties and being barred from practising. ...
Many professions need to haveprofessional indemnity insuranceas part of their respective industry body’s regulatory requirements. These include: Accountants Architects Chartered surveyors Counsellors Some therapists However, even if you are not obliged to have PI insurance, without it, you cou...