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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 ...
Its four main operating companies are Marsh, Guy Carpenter, Mercer, and Oliver Wyman. [4] Marsh McLennan ranked No. 212 on the 2018 Fortune 500 ranking, the company's 24th year on the annual Fortune list, [5] and No. 458 on the 2017 Forbes Global 2000 List. [6] In 2017, Business Insurance ranked Marsh McLennan No. 1 of the world's largest ...
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.
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“When life's on the line or you're trying to fix a house, you need a solution that would get the job done that's simple enough to put out there,” Nussbaum said.
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