Yes, it's a part of Professional Liability.
The insured and the insured professional are one and the same.
No difference. It's the same thing
The "Professional",, would be the person or entity "Insured" under the contract.
They are one and the same thing. The term "Malpractice Insurance" to describe a professional liability insurance policy is most often used in the medical professions and sometimes legal professions.
Yes,employment screenings services are generally the same as a background check. By definition, they are the process of researching one's public, professional, educational, driving, and financial records as well as their eligibility to legally work in this country.
Not specifically. Technically it doesn't actually refer to the attorney at all, but a Professional Limited Liability Corporation by the same name.
No, the liability exposure is the same.
Liability insurance companies owned by their policyholders. Membership is limited to people in the same business or activity, which exposes them to similar liability risks. The purpose is to assume and spread liability exposure to group members and to provide an alternative risk financing mechanism for liability. These entities are formed under the Liability Risk Retention Act of 1986. Under law, risk retention groups are precluded from writing certain coverages, most notably property lines and workers' compensation. They predominately write medical malpractice, general liability, professional liability, products liability and excess liability coverages. They can be formed as a mutual or stock company, or a reciprocal.
An oncologist has to carry liability insurance in case he or she is sued for not performing their due diligent duties. An oncologist has the same liabilities of any other doctor, to abide by a professional code of ethics.