Professional Liability Insurance

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Dictionary Says

Definition of 'Professional Liability Insurance'

Insurance that protects professionals such as accountants, lawyers and physicians against negligence and other claims initiated by their clients. It is required by professionals who have expertise in a specific area because general liability insurance policies do not offer protection against claims arising out of business or professional practices such as negligence, malpractice or misrepresentation.  
Investopedia Says

Investopedia explains 'Professional Liability Insurance'

Depending on the profession, professional liability insurance may have different names, such as medical malpractice insurance for the medical profession, and errors & omissions insurance for real estate agents. Professional liability insurance is a specialty coverage that is not provided under homeowners' endorsements, in-home business policies or business-owners' policies. It only covers claims made during the policy period.

Search results for

'Professional Liability Insurance'

  • Cover Your Company With Liability Insurance

    http://www.investopedia.com/articles/pf/08/CGL-insurance.asp
    ... Professional liability insurance is often covered on a claims-made basis while
    CGL polices generally are issued on an occurrence basis. ...

  • Filling The Gaps In General Liability Insurance

    http://www.investopedia.com/articles/financialcareers/08/liability-insurance.asp
    ... to the insurer. Buying a liability insurance that befits your professional
    needs can be the perfect stress buster. To learn about ...

  • Intro To Insurance: Other Insurance Policies | Investopedia

    http://www.investopedia.com/university/insurance/insurance10.asp
    ... (For related reading, see Critical Illness Insurance: Get Paid If You Get Sick.)
    Professional Liability Insurance Professional liability insurance is a ...

  • CFP Study Guide - Property, Casualty and Liability Insurance ...

    http://www.investopedia.com/exam-guide/cfp/property-casualty-liability-insurance/default.asp
    ... 10.8 Umbrella Liability Insurance; 10.9 Business Insurance; 10.10 Professional
    and Director Liability; 10.11 Worker''s Compensation. 11. ...

  • CFP Study Guide - Property, Casualty and Liability Insurance ...

    http://www.investopedia.com/exam-guide/cfp/property-casualty-liability-insurance/cfp4.asp
    ... 10.8 Umbrella Liability Insurance; 10.9 Business Insurance; 10.10 Professional
    and Director Liability; 10.11 Worker''s Compensation. 11. ...

  • Do You Need Casualty Insurance?

    http://www.investopedia.com/articles/pf/08/casualty-insurance.asp
    ... their job. Some popular examples of professional liability are malpractice
    insurance and errors and omissions insurance. 3. Product ...

  • ProAssurance Makes Doctors And Shareholders Happy

    http://stocks.investopedia.com/stock-analysis/2011/ProAssurance-Makes-Doctors-And-Shareholders-Happy-PRA-PTP-FPIC-MCY-SIGI0119.aspx
    ... cap professional liability insurance provider ProAssurance (NYSE:PRA) completed
    its $233 million purchase of Texas rival American Physicians Service Group. ...

  • Starting A Small Business: Business Structures | Investopedia

    http://www.investopedia.com/university/small-business/protect.asp
    ... Professionals such as doctors, lawyers and consultants need professional liability
    insurance to protect them from errors and omissions, including malpractice ...

  • Insurance Coverage: A Business Necessity

    http://www.investopedia.com/articles/pf/08/business-insurance-coverage.asp
    ... provide services to consumers in which errors of commission or omission may eventuate
    in substantial liability, may require professional malpractice insurance. ...

  • CFP Study Guide - Principles of Risk and Insurance - The Risk ...

    http://www.investopedia.com/exam-guide/cfp/principles-of-risk-and-insurance/cfp2.asp
    ... 10.8 Umbrella Liability Insurance; 10.9 Business Insurance; 10.10 Professional
    and Director Liability; 10.11 Worker''s Compensation. 11. ...

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