Under normal circumstances, lawyers' malpractice insurance is applied for when any type of legal firm begins operating as a business. There are many circumstances where the professional could make an honest mistake and advise a client to do something that may not be in his best interests. This ...
What Is Professional Indemnity Insurance? Otherwise known as professional liability or errors and omissions (E&O), professional indemnity insurance provides protection to professionals in the services industries. This type of insurance responds to claims of negligence, oversights, malpractice, or errors you...
This type of professional indemnity insurance protects practitioners in the medical field against claims of negligence resulting in a patient’s injury or death. Lawyers Currently, legal malpractice insurance is mandatory only in two states – Idaho and Oregon. Nearly half of all ...
doi:10.1097/00000446-198383110-00013&NAAjn the American Journal of Nursing
I am sure this is not nearly as expensive as something like doctor malpractice insurance would be. Even so, for her, it is worth the money if she ever were to have any issues. BySarahSon— On Apr 17, 2012 My uncle was a chiropractor who ran his business from his home. Not only wa...
Professional liability insurance (also known as errors and omissions insurance) is the best way to counter professional negligence claims (one of the most common professional liability insurance claims). It provides you and your company with financial protection from claims of negligence, malpractice, ...
Beyond any direct financial ramifications—out-of-pocket liability, increased professional liability insurance premiums, etc.—a malpractice claim could also jeopardize a professional’s license. When a malpractice claim is filed against a professional, licensing & regulatory bodies often get involved and...
within a particular medical field. It requires expert testimony to establish what a reasonably skilled and competent healthcare professional should have done under similar circumstances. Their testimony helps the court and the jury understand complex issues around what is considered medical malpractice. ...
Professional Liability Insurance Unlike general liability insurance, which is for any business,professional liability insurance (PLI)is designed for businesses that provide services. Coverage is for loss caused by the service provided. It protects against expenses related to malpractice, negligence, or err...
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...