Professional Liability Legal Definitions

Professional Liability – Errors & Omissions Insurance

Most professional liability policies exclude contractual liability insurance. This does not void or invalidate the consultant's obligation to indemnify us. It ...

The significance of the definition of Wrongful Act in professional ...

The E&O policy defined “Wrongful Act” as “any actual or alleged negligent act, error or omission.”

The Basics of Lawyers' Professional Liability Insurance

In any event, lawyer's professional liability (LPL) insurance is a must. Despite the fact that many lawyers try to rationalize away the need for ...

What Is The Difference Between General Liability And Professional ...

Professional Liability: Specifically addresses risks related to providing professional services. It protects against claims of financial losses, ...

A Guide to Legal Malpractice - Attorney Protective

Indemnity. As used in this informational document, indemnity is generally intended to mean the payments made by an insurance carrier on behalf of its insured ...

Standing Committee on Lawyers' Professional Liability

... legal malpractice claim statistics, insurance for lawyers, and malpractice prevention tips ... Terms of Use · Code of Conduct · Privacy Policy · Copyright & IP ...

What is legal liability? - Next Insurance

Legal liability is when you are legally responsible for the financial loss of another under the law. This responsibility can arise from intentional actions, ...

Errors and Omissions Policies (Professional Liability Insurance)

Errors and omissions (E&O) insurance, also commonly referred to as “professional liability insurance” or “malpractice insurance,” provides liability coverage.

professional negligence | Wex - Law.Cornell.Edu

Professional negligence, also known as malpractice, occurs when a professional breaches a duty to a client.

2300-892-1 - Reimbursement for Professional Liability Insurance

Qualified Employees are employees who may be reimbursed for half of the cost of professional liability insurance, provided they meet the definitions contained ...

Identifying and Responding to Professional Liability Claims

... professional legal services.” “Professional legal services” is usually defined in LPL policies and typically includes services rendered by the attorney, for ...

Professional Liability Insurance vs Malpractice Insurance

Malpractice insurance is a type of professional liability insurance that protects professionals in the medical field from claims of carelessness ...

Professional Negligence Definition | TechInsurance

Errors and omissions insurance, sometimes called professional liability insurance, can cover the cost of a lawsuit when a client claims you were ...

Glossary of Legal Terms | United States Courts

An individual (or business) against whom a lawsuit is filed. Defendant. In a civil case, the person or organization against whom the plaintiff brings suit; in a ...

Professional Liability Insurance FAQ | TRMS

Professional Liability insurance, in its simplest meaning, is coverage that protects a qualified professional against claims alleging negligent acts, errors, ...

Medical Malpractice Insurance Terms and Definitions

The most common type of professional liability coverage available, it provides protection for claims that occur and are reported while the policy is in effect ( ...

Professional liability - Medical Dictionary

The obligation that a professional practitioner has to provide care or service that meets the standard of practice for his/her profession–ie, reponsibility; ...

How Professional Liability Insurance Helps Protect CPA Firms

Professional liability insurance is a form of liability insurance that helps protect professionals and their businesses from negligence exposure claims.

Top Reasons Lawyers Professional Liability Insurance Claims Get ...

Definition and Purpose ... Lawyers professional liability insurance, also known as legal malpractice insurance, is designed to protect legal ...

Insurance Terminology Glossary - The Doctors Company

For a plaintiff to collect damages in a court of law, the plaintiff's attorney must show that the provider owed the patient a duty and that the provider's ...