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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.
138 Questions
Generally no unless of course the chef is self employed. A chef's work typically is covered by the insurance policy of the Restaurant or food service company by which he or she is employed.
Who is responsible when someone who works for you in your house gets hurt in your house?
It just depends on the nature of the employment.
If the worker is a tradesman who offered to do a repair job on your home, then they are self employed and are responsible for providing their own insurance for the hazards they and their workers may face while on the job. Never hire a contractor who can't provide you proof that he is properly insured for the work to be performed.
If the worker is a w-2 wage earner then you are responsible for providing Workman's compensation or some equivalent liability coverage for mishaps or accidental injury while on the job.
Don't know if it is required you could check with the dept. of insurance, but most certainly would be a good idea whether required or not.
Which state can you obtain insurance license with a felony on your record?
Every state has restrictions on what types of crimes you can have on your record when applying for an insurance license.
Not all felonies however will prevent you from obtaining an insurance license. It just depends on the nature and seriousness of the offense and how strict your state interprets and enforces it. Full disclosure is required.
As a licensed insurer you are also by default a "Fiduciary Agent" for the client. It is expected that you will be entrusted with other peoples money so it is important to your state licensing authority that you can be trusted not to abscond.
Almost any felony involving moral turpitude such as, embezzlement, fraud, forgery, etc.. will prohibit you from obtaining an insurance license in any U.S. state.
Is there a professional liability insurance for a Residential contractor in SC?
What your looking for is Commercial General Liability Insurance for contractors, not professional liability insurance.
And Yes. Almost any Commercial lines carrier will provide CGL coverage as well.
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Do Mexican doctor have liability insurance?
Yes. It is known as Seguro de Responsabilidad Civil(literal translation of liability insurance). In case you are having a procedure with him/her, you should ask for it first.
How much professional liability insurance does a sole proprietor painting contractor need?
A contractor Buys Commercial Liability Insurance in the contractor class, not professional liability insurance. The amount needed is typically determined by the exposures presented or as specified by the employer.
Broadly, a liability insurance policy provides a source of recovery for a third party who or which is injured or sustains monetary damages due to the negligent act or omission of the insured. The corollary is that a liability inurance policy provides protection to the insured for the risk of financial loss to a third party as a result of the insured's negligence. Assuming that tje damages sustained by the third-party results from a covered cause of loss, the policy will answer for the damages which would otherwise payable by the insured, up to the coverage limit. That is, there may be some amount that the insurer will not pay if that amount exceeds the policy limits.
Another very important benefit of a liability policy is that if the insured is sued for an occurrence that is covered by the policy, the insurer will hire a lawyer, at its own expense, to defend the insured, and will pay costs related to that defense. In some forms of liability policies, such as professional liability policies (those issued to physicians, lawyers and some other categories of professionals), the amount paid by the insurer toward the conduct of the defense reduces the amount available for the indemnity payment.
Exists the professional liability insurance in Mexico?
Yes, Most countries have Professional Liability Insurance Policies available. If you have difficulty locating coverage in your country you can always look for an International Insurer such as Markel International or Lloyds of London.
How much does insurance cost for a non emergency medical transportation company?
It could be 5 hundred dollars or it could be 5 million dollars.
It all depends on how many people you are transporting each year, what the condition of those patients are, what services you are providing in transit. the type of conveyances you are using for transport, etc etc.
You will have to contact an insurer to find out the cost for your specific risk exposure.
Why do document shredders need professional liability?
It has to do with any error or omission that may occur during the operations of your business. For example if you don't end up shredding sensitive documents for some reason and someone's identy is stolen as a result this would be an error that you could be sued for.
Who offers liability insurance for professional organizers?
There is an organization called the National Association of Professional Organizers. It offers a variety of benefits, including liability insurance, medical discount cards (which are NOT insurance) and other things. You may want to start with them, as the insurers with which they deal are likely to be familiar with your trade and have tailored policies.
That said, you must be very careful that any insurance that you get is written by a licensed insurer; that is, the entity financially responsible for the payment of claims must be licensed by one or more state insurance departments. There is a sordid history of fraud in the insurance market-including health insurance-and often when insurance is sold to and through affinity groups.
You may also go to a licensed insurance broker to investigate coverage. A broker generally represents a variety of insurers, and is more likely to have a market for the insurance that you seek. In contrast, an "agent" usually represents only one or a couple of insurers and will have less of a choice of markets.
Are defense expenses paid in a contractors professional liability policy?
A Professional liability insurance Policy, as well as a contractors General Liability Insurance policy will provide coverage for the cost of legal defense.
What is public liability insurance and how is it different from general liability insurance?
General liability covers Public and Producs Liability, therefore by having General Liability cover, public liability is covered also.
No, You can communicate your loss notice on your own letterhead.
What exactly are general liability and professional liability premiums based on?
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Sales, payroll, number of professionals on staff, prior claim activity, years in business, types of services performed, geographic region and litigation history of the region, risk prevention methods you use to combat lawsuits.
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this depends on the type of business it is. Some are rated on sales, area, tickets sold, etc...need more specific information It also depends on the company providing the policy. Some rate on sales, payroll, area, etc. What type of business are you talking about and that will help? Your state insurance department is your best resource for insurance-related questions and concerns. Find information on insurance companies and agents, rate quotes and comparisons, insurance buying tips, claims filing information and much more!
What is Severability of interest cross liability?
Severability of Interest is also known as "Seperation of Insured." here's some ISO forms that mention it;
General Liability Form CG 00 01 12 04 on page 12
There's also mention of it under the Business Owners Coverage Form BP 00 03 01 06 page 41.
*****Separation Of Insureds
Except with respect to the Limits of Insurance of Section II -- Liability, and any rights or duties specifically assigned in this policy to the first Named Insured, this insurance applies:
a. As if each Named Insured were the only Named Insured; and
b. Separately to each insured against whom claim is made or "suit" is brought. *****
Do Professional Boxers need Insurance to fight?
You would think they at least need some good health insurance. I doubt it is a requirement, but that is a guess.
What is the required professional liability amounts for an optometrist is Florida?
Required? It's not required. It's up to the doctor if he or she wants to buy insurance or risk practicing without it.
"SIR" is short-hand for "Self Insured Retention" which is very similar to a "deductible". Basically, it is the amount that the insured must pay before the insurance policy is triggered.
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
Yes, but you probably need to get it through an international carrier like Lloyds of London or Markel International. An international carrier is more familiar with risks located in multiple countries.
Well, A typical Agent is going to say "Yes" pretty much right off the bat. But this agent will advise that it really just depends on your operations and the risks you feel that you face. If you have a small town operation where you provide typical cuts and trims and your clients are mostly people you know well and you are certain won't sue you, then It's probably not cost effective to buy a liability policy. If you are operating in a large market or you're providing a large range of hair care services including bleaches, coloring and creative styling, etc then you may want to look at buying coverage.
How much does general liability insurance cost for a fire sprinkler inspector?
The cost of insurance is determined by too may factors for it to be effective to answer this question with a specific number.
If you are interested in understanding what GL insurance is and how it is priced, check out the link attached to this post.
