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  2. Professional liability insurance - Wikipedia

    en.wikipedia.org/wiki/Professional_liability...

    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 ...

  3. Do I Need Errors and Omissions (E&O) Insurance? - AOL

    www.aol.com/finance/errors-omissions-e-o...

    Errors and omissions (E&O) insurance protects businesses from claims of negligence or inadequate work, serving as a critical safeguard for individuals and businesses in various industries.

  4. How Do I Know If I Need Errors and Omissions (E&O) Insurance?

    www.aol.com/know-errors-omissions-e-o-142224102.html

    The post Errors and Omissions (E&O) Insurance for RIAs and Advisors appeared first on SmartReads by SmartAsset. These lawsuits not only harm their reputation but can financially devastate their ...

  5. MIB Group - Wikipedia

    en.wikipedia.org/wiki/MIB_Group

    MIB aims to uncover errors, omissions, misrepresentations on insurance applications to reduce fraud and anti-selection or adverse selection. MIB Group, Inc. is a member-owned corporation operating in the United States and Canada since 1902. MIB's services are used exclusively by MIB's member life insurance companies to assess an individual's ...

  6. Liability insurance crisis - Wikipedia

    en.wikipedia.org/wiki/Liability_insurance_crisis

    During the period from 1984 to 1987, premiums for general liability increased from about $6.5 billion to approximately $19.5 billion. [1] In addition to increases in premium, many insurers took the following measures to limit the number and cost of claims: 1) changed policy coverage from an occurrence to a claims-made basis; 2) expanded exclusions; 3) raised deductibles; and 4) lowered policy ...

  7. Insurance company ratings explained - AOL

    www.aol.com/finance/insurance-company-ratings...

    Ohio-based financial analysis company Demotech rates insurance companies for their survival strength regardless of market downturns. Its rating scale is a little different, in that the highest ...

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