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In general, the insurance claim is filed with a local representative of the insurance company. This agent becomes responsible for investigating the specific details of the claim and negotiating the payment from the main insurers. Many times, a recognized authority — like a medical professional, rep...
What does professional liability insurance cover? Any negligence, omissions, or errors made by a professional while providing a service that leads to harm to the property of a third party or damage to the third party themselves can be covered by a professional liability insurance policy, which pr...
A desire for confidentiality in a settlement may be in the mind of the defendant lawyer from the time the suit first arises. However, the plaintiffs or even plaintiffs' counsel may be surprised if a confidentiality provision is first suggested only after the other terms of a proposed ...
Given that the alleged cause for the lawsuit is not a physical injury or damage to your client’s property, you can’t expect your general liability policy to kick in and cover the costs. Any claim related to your professional practices and the services you provide falls under the professiona...
What Is a Professional Degree? Related Articles What does a Claims Representative do? How do I Become an Adjudicator? Discussion Comments Practical Adult Insights, in your inbox Our latest articles, guides, and more, delivered daily. Subscribe ...
A sole proprietorship is the quickest way to get your small business up and running. Learn the requirements, advantages, and disadvantages of starting a business as a sole proprietor.
If you are self-employed, it's likely you need to fill out an IRS Schedule C to report how much money you made or lost in your business. Freelancers, contractors, side-giggers and small business owners typically attach this profit or loss schedule to the
Typical professional liability policies willindemnifythe insured against loss arising from any claim or claims made during the policy period because of any covered error, omission, or negligent act committed in the conduct of the insured's professional business during the policy period. What Is Includ...
This combination ofproperty and casualtyclaim education provides a solid base from which to form or enhance a career in claims. As a nationally recognized certification, holders of the AIC designation are well-positioned to secure positions in the field. If someone is already working in the insura...