Depending on the type of business, professional liability insurance may have different names, such as medicalmalpractice insurancefor the medical profession orerrors and omissionsinsurance for real estate agents. Professional liability insurance is a specialty coverage not provided under homeowners' endorsemen...
Personal liability insurance, also known as "comprehensive personal liability (CPL) insurance," is a component of ahomeowners insuranceorumbrella insurance policythat protects you and members of your household against claims resulting from injuries and damage to other people or their property. It preven...
Professional liability insurance: what you need to know to mitigate risks through individual coverage.(INSURANCE)(Interview)Murti, Arati
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This is also called as CGL of commercial general liability. This may be the type of liability insurance that your business may need.The professional liability insurance however protects the business against errors, malpractice, negligence, as well as omissions. For instance, doctors need coverage to...
Liability insurance is a general term to describe different types of insurance coverage that helps protect you or your business if someone files a lawsuit or reports a claim against your company. What Is Liability Insurance Coverage? Liability insurance helps protect you financially if you’re foun...
Professional indemnity insurance would cover the financial losses incurred during the course of a lawsuit against you or your company. 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 ...
According to a survey byInsureon, the average annual cost for commercial general liability insurance is $741. To cut down on the cost of your commercial general liability policy, consider the following options: Bundle your insurance policies:A Business Owner’s Policy (BOP) packages common liabili...
Professional indemnity insurance is a form of cover that protects you should a client or customer claim that your service, advice, or design is inadequate, is not as expected or has resulted in financial loss for them. It covers legal costs and other expenses incurred in your defence...
Professional indemnity insurance is a type of insurance that protects professionals from claims by clients. This includes things...