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What is Professional Liability insurance and named insured?
Professional Liability Insurance, sometimes called E&O insurance covers judgments, settlements and the costs of legal defense that may arise from the conduct of your profession or the professional services you provide to your clients. The named insured is the professional who purchased the insurance policy.
Can a third party be named as additionally insured for professional liability insurance on a certificate of insurance?
Yes, a third party can be named as an additional insured on a certificate of insurance for professional liability insurance, but this is less common than with general liability insurance. The specific terms and conditions depend on the insurance policy and the insurer's guidelines. It's essential for the third party to request this endorsement and ensure that it aligns with their contractual requirements. Always consult with the insurance provider to confirm coverage details.
Is there a loss payee on malpractice policies?
A Loss payee on a Professional liability Malpractice Insurance Policy would be the injured party claiming loss or damages as a result of the actions or in-actions of the Named Insured Professional
Who is covered in Professional Liability Insurance?
The practicing professional or organization is generally the named insured. The coverage provides for legal defense and or mediation costs of the insured as well as liabilities and judgements for losses of a client that arise from the conduct of the defined profession, up to the specified limits.
What does it mean to be a general liability insurance certificate holder?
If you are named as Certificate Holder on a Certificate of Insurance, the insurance company MAY or (in some instances) HAS TO notify you if the policy cancels prior to the renewal date.
What is proof of liability insurance?
A certificate of insurance , with you named as the cewrtificate holder. However, you should always call the agent listed on the sertificate to verify that the coverage and policy is in force.
Who is a professional when referring to the exclusion under a commercial general liability policy for professional fees?
The "Professional",, would be the person or entity "Insured" under the contract.
Do you need liability insurance in a hospital to hold a weekly meeting when the hospital has already got insurance?
The hospital's insurance will protect the hospital from any liability caused by your meeting. However, the hospital or its insurer may not wish to assume the liability presented by your meeting and may require you to provide your own insurance with the hospital named as an additional insured. That way, the hospital and its insurer is protected in the event of a liability claim. Insurance of this type is expensive to purchase for a single meeting due to minimum premium rules. The cost could be as much as $500 or even more. If your intent is to hold many meetings, it may make sense to buy an annual policy. IN that way, you could provide a certificate of insurance to any place you hold a meeting during the course of the policy-- and the premium may not be much more than for a single meeting.
If my 18 year old daughter has an accident and the car and insurance are in her name do you as her parent have any liability?
No you are not liable as your daughter is the owner and named insured
Can a named insured be an excluded driver on an automobile liability insurance policy in Arizona?
Yes as long as the named insured is not a spouse, or if the spouse does not drive and does not have a drivers license the spouse can also be excluded.
Can you have auto insurance without a car?
You do not have to own a vehicle to bind car insurance. If you do not own a vehicle you can purchase auto insurance to cover you when you are driving borrowed and unowned vehicles. Named non-owners insurance is a policy for individuals who drive borrowed cars and have a need for liability insurance. If you are required to provide an SR-22 to the DMV to keep your driving privilege and do not own a vehicle, named non-owners policies are the best solution. These policies will provide you with liability coverage in any car you do not own if you are found at fault for injuries or damage.
Can a named insured be an excluded driver on an automobile liability policy in New Mexico?
A named insured person can be an excluded driver on an automobile liability policy in New Mexico, if the policy holder wishes to remove a driver from the policy. The policy holder will have to notify the insurance company to make the changes.
