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Professional Liability Insurance
Professional insurance is coverage that protects you from certain liabilities that may arise out of the practice of your profession. It is a distinct and separate coverage from commercial and personal lines insurance which provides the professional a level protection for legal defense, judgments and other claims of liability asserted against you in the course of your profession.
267 Questions
Do dental hygienists practicing under general supervision have to maintain professional liability insurance in South Carolina?
Asked by Wiki User
Yes, dental hygienists practicing under general supervision in South Carolina are required to maintain professional liability insurance. This insurance coverage helps protect them in case a patient files a malpractice claim against them. It is an important risk management tool for all healthcare professionals.
What insurance will cover tutors going to students at home?
Asked by Wiki User
A personal liability insurance policy would likely cover tutors going to students' homes. This type of insurance provides coverage if the tutor causes accidental damage or injury while providing their services at a client's home. It's best to check with insurance providers for specific coverage details.
What does LIMITING AGe superannuated contracts mean?
Asked by Wiki User
Limiting the age of superannuated contracts refers to setting a maximum age at which a contract can be in effect. This could mean that a contract will automatically terminate or become void once the specified age limit is reached. It is a way to manage risks and uncertainties associated with entering into long-term agreements with individuals who may reach a certain age where their ability to fulfill contractual obligations could be impacted.
What is medical malpractice?
Asked by Wiki User
Medical malpractice occurs when a healthcare professional's actions deviate from the accepted standard of care, resulting in harm or injury to a patient. This can include errors in diagnosis, treatment, aftercare, or health management that lead to negative outcomes for the patient. In such cases, the patient may have grounds to pursue legal action against the healthcare provider.
What do they mean when they ask 'Eligible for professional liability insurance' in a job interview or application?
Asked by Wiki User
When a job interview or application asks if you are eligible for professional liability insurance, they are inquiring whether you meet the criteria to be covered by such insurance. Professional liability insurance is a type of coverage that protects professionals from potential lawsuits or claims arising from errors, omissions, or negligence in their line of work. By asking this question, the employer seeks to determine if you possess the necessary qualifications or certifications to be covered under this insurance policy.
What is the difference between professional and general liability?
Asked by Wiki User
Professional liability covers you for losses and expenses that can arise from the practice of your profession. Claims of loss or injury that result from negligence, incompetence, errors and or omissions on the part of the professional in carrying out the services being rendered.
General liability is more location oriented, It provides coverage for claims that may arise from your location such as slip and fall claims or other types of injury.
Answer
Professional liability policies were developed (fundamentally) to protect against claims arising out of economic loss. General Liability exists to protect against bodily injury, property damage, personal injury & adveritising injury - - all defined terms in the policy. There is no standard Professional liability policy and each should be read and explained by an experienced professional. This is a very thin answer in the broad scheme of insurance and there are sooo many factors to consider - CONTACT A SPECIALIST WHO CAN EXPLAIN THE DIFFERENCES... possibly someone with an MLIS designation.
What is the required professional liability amounts for an optometrist in Texas?
Asked by Wiki User
There is no requirement at all.
It's up to the optometrist if he wants to be insured or not and how much coverage he or she might elect.
How can Professional Liability Insurance be purchased?
Asked by Wiki User
Professional liability insurance comes in several forms, depending upon your profession. For example, if you are a doctor, you would want medical malpractice insurance. A lawyer would need errors and omissions insurance. There is even insurance for IT workers. You can find insurance for any type of service profession, but you may need to seek out more than one company. To save time, it is best to consult an independent insurance agent. The agent can check the rates and policies of several different companies at once, and find the best fit for you.
What is the average claim payout for liability insurance?
Asked by Wiki User
Payout is dependent on the sustained losses and coverage limits of the policy the insured purchased.
There is no average.
What type of knowledge is vital in avoiding medical professional liability suits?
Asked by Wiki User
interpersonal
Who is a professional liability contact at lexington Insurance Boston mass?
Asked by Wiki User
Just call them up and ask them. It will depend on what type of claim you have.
Would a sleep lab need professional liability insurance?
Asked by Wiki User
If your not administering drugs I could see no reason why a sleep lab would need professional liability.
Are you concerned you might be sued if you let someone oversleep?
Can you hold back money if a subcontractor doesnt have insurance?
Asked by Wiki User
If the contractor has already finished the work you can not legally hold back his money. What on earth would you be holding it for anyway?
Most states in the U.S do not require a contractor to be insured so you would have no legal grounds and are subject to suit by the contractor.
If your upset that he didn't have insurance, You were supposed to check that before you hired the contractor in the first place.
Holding the contractors money after the job is completed just looks like your trying to cheat the contractor out of his pay.
If the contractor wants to, he can sue you and or place a lien on your house if you fail to pay.
What does professional liability cover?
Asked by Wiki User
Professional Liability Insurance provides coverage if the professional makes a mistake that causes financial harm to another
The coverage invokes for claims of negligence, breach of contract, or both.
What are the components of a typical professional liability policy?
Asked by Wiki User
Claims-made: A type of professional liability insurance policy that covers injuries/damages only if the injury occurs in the policy period and only if the claim is reported or filed to the insurance company during the policy period or during the tail.
Occurrence basis: Professional liability insurance policy that covers injuries/damages that occur during the period covered by the policy even though the claim may be reported or filed outside the policy period.
Tail coverage: An uninterrupted extension of the insurance policy period, also known as the extended reporting endorsement.
Umbrella coverage: Coverage purchased in addition to a basic liability policy that provides additional amount limits and/or adds coverage for events not covered in the basic policy.What is professional liability errors and omission insurance?
Asked by Wiki User
Professional Liability Insurance or an Errors and Omissions policy provides coverage for liabilities that may arise from the practice of your profession.
How to get malpractice insurance if you have been turned down before?
Asked by Wiki User
There are many companies out there that sell Malpractice coverage.
You just have to check with another insurance company.
Can you list Additional Insureds on Professional Liability Insurance?
Asked by Wiki User
Yes, In New York, that is true for medical professional liability.
