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What does Professional Liability and Malpractice Insurance mean?
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What does Professional Liability Insurance mean?
Professional Liability Insurance (also known as Errors and Omissions Insurance) insures businesses with the defense they need if a dissatisfied client makes a claim against it.
What does it mean to have Professional Liability Insurance?
It means that the professional has obtained security in the form of an insurance policy for the protection of the professional and the client from errors or omission in the services or advice provided.
What does ALAE mean on a Professional Liability Insurance Loss Run?
Allocated Loss Adjustment Expense
What does 'p and l' mean in the insurance context?
Property and liability (P & L) insurance
What does a public liability mean?
A public liability is a form of insurance purchased by businesses. This insurance protects a company from lawsuit in the event a consumer is harmed as a result of their actions.
What do they mean when they ask 'Eligible for professional liability insurance' in a job interview or application?
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 does pllc mean after doctor's name?
PLLC stands for "Professional Limited Liability Company," which is a type of corporate structure that many doctors and other professionals choose to operate under for liability protection. It indicates that the doctor is operating as a professional entity rather than as an individual.
What does PLLP mean after an attorneys name?
Professional Limited Liability Partnership
What is excess insurance mean on an subcontractors insurance?
The term 'excess' insurance is usually for liability coverage. An excess liability policy is also commonly referred to as an 'umbrella' policy because it offers additional coverage over other liability coverages. In the case of a subcontractors insurance, it would be a policy which would extend higher limits than the base policy on general liability and auto liability.
What does pllc mean after a physical therapists name?
Professional Limited Liability Company.
Can repossession be claimed against insurance?
No, sorry! Unless you mean that your property was wrongfully repossessed (wrong car, etc.) in which case you might have a Professional Liability claim against the repo man or his client, no.
What does each occurrence mean in liability insurance?
An occurrence is a loss, or a claim filed on the policy.
