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Insured vs Insured Professional Liability?
The insured and the insured professional are one and the same.
What the difference between Professional Liability and Practice Insurance?
No difference. It's the same thing
What is the difference between Errors and Omissions Insurance and Professional Liability?
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.
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.
What is a Professional Limited Liability Company?
A Professional Limited Liability Company (PLLC) is a specific type of limited liability company designed for licensed professionals, such as doctors, lawyers, and accountants. It offers the same liability protection as a standard LLC, shielding members from personal liability for the company's debts and obligations. However, members of a PLLC must be licensed in the profession for which the company is formed. This structure allows professionals to collaborate while maintaining liability protection and compliance with regulatory requirements.
Are employment screenings services the same as a background check?
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.
Does PLLC after an attorneys name mean he has passed the bar exam?
Not specifically. Technically it doesn't actually refer to the attorney at all, but a Professional Limited Liability Corporation by the same name.
Does liability differ for a paid coach versus a volunteers in case of an accident?
No, the liability exposure is the same.
What is the same as job?
Employment
What do the letters PL mean after an law firm's name?
A Professional Limited Liability Company (PLLC, P.L.L.C., or P.L.) is a limited liability company organized for the purpose of providing professional services. Usually, professions where the state requires a license to provide services, such as a doctor, chiropractor, lawyer, accountant, architect, or engineer, require the formation of a PLLC. However, some states, such as California, do not permit LLCs to engage in the practice of a licensed profession. Exact requirements of PLLCs vary from state to state. Typically, a PLLC's members must all be professionals practicing the same profession. In addition, the limitation of personal liability of members does not extend to professional malpractice claims. Source: Wikipedia.org
What is a risk retention group?
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.
Is criminal liability and criminal matter the same?
No.
