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The primary reason for professional liability coverage is that a typical general liability insurance policy will respond only to a bodily injury, property damage, personal injury or advertising injury claim. Other forms of insurance cover employers, public and product liability. However, various professional services and products can give rise ...
Medical Protective offers medical professional liability insurance policies with limits of $5,000/$15,000 for $15 a year. ... 50,000 claims and provides physicians ...
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.
Auto liability coverage insurance covers your financial responsibility when you are at fault in an accident. This coverage helps cover the costs incurred by the other party due to the accident.
In the United States insurance market this is known as Commercial General Liability (CGL). It is the "first line" of coverage that a business typically purchases, [ 1 ] and covers many of the common risks that can happen to any type of business, such as bodily injury or property damage on the business premises or due to the business operations ...
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.
Progressive’s Agency business sells insurance through more than 30,000 independent insurance agents [14] and progressiveagent.com where customers can quote their own policies and then contact an agent to complete the sale. In December 2009, Progressive announced it was selling car insurance in Australia. [15]
Professional liability insurance may take on different names depending on the profession. For example, professional liability insurance in reference to the medical profession may be called medical malpractice insurance. Often a commercial insured's liability insurance program consists of several layers.
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