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Professional liability insurance (PLI), also called professional indemnity insurance (PII) but more commonly known as errors & omissions (E&O) in the US, is a form of liability insurance which helps protect professional advising, consulting, and service-providing individuals and companies from bearing the full cost of defending against a ...
Professional liability insurance can help cover you and your business when a professional service mistake is made with a customer or client. Professional liability insurance is a different type of ...
PLUS was founded in 1990. [1] Since then, PLUS has grown from 300 members to over 7,000 members, representing over 1,000 companies active in the many fields of professional liability, including underwriters, brokers, risk managers, program managers, attorneys, claims examiners, general agents, teachers/professors, and students.
Liability insurance (also called third-party insurance) is a part of the general insurance system of risk financing to protect the purchaser (the "insured") from the risks of liabilities imposed by lawsuits and similar claims and protects the insured if the purchaser is sued for claims that come within the coverage of the insurance policy.
With the exception of those costs lawyers who work exclusively in a solicitor's office on a PAYE basis (i.e. in-house), all members of the association are required to produce proof by declaration from an insurer or broker that either as an individual or as a partner, director or employee of a firm of law costs draftsmen (i.e. freelance) work ...
South Carolina law requires businesses with an alcohol license that sell alcohol after 5 p.m. to maintain liquor liability insurance of at least $1 million. The law passed in 2017 so businesses ...
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