Cover your professional risks with Professional liability insurance

1
Cover your professional risks with Professional
liability insurance

• http//californiabusinessliability.com/professiona
  l-liability-e---o.html

2
Cover your professional risks with Professional
liability insurance

• Professional protection insurance is a type of
  insurance that is primarily intended to provide
  professionals from claims that are prepared
  against them by customers. This would formulate
  ideal business sense to you if you are an
  Architect, Engineer, Doctor, Lawyer, Chartered
  Accountant, Medical Practitioner, Mortgage
  Intermediary, Insurance Broker or a Financial
  Adviser.
• And also a service industry like a medicinal
  organization would necessitate this cover to look
  after the commercial benefit against legal claims
  for error, omissions, professional neglect for
  both the principles and their employees.

3
Cover your professional risks with Professional
liability insurance

• The scope of professional insurance cover age ,
  although, differ with each occupation. For
  example, registered therapeutic practitioners
  such as physicians, surgeons, cardiologists and
  pathologists as well as medical establishments
  are protected in opposition to lawful legal
  responsibility claims made by any of their
  patients that might be based on physical injuries
  or death. The policy also pays for the protection
  price incurred in defending the case. And they
  can cover not only by themselves, but also other
  partner or consulting doctors as well as employed
  assistants.

4
Cover your professional risks with Professional
liability insurance

• Unprofessional employees like peons and sweepers
  working in the clinic can also be covered for
  under this policy . Similarly engineers and
  architects are protected against legal
  responsibility arising out of plan defect,
  unsuitable design leading to construction damage,
  and loss of life to the third party. The defense
  costs are also payable under the policy on
  reimbursement basis.

5
Cover your professional risks with Professional
liability insurance

• For accountants and lawyers, the professional
  insurance policy covers the lawful liability
  incurred by means of losses to clients arising
  out of the acts of errors on the part of the
  insured or his remunerated workers named in the
  plan. For instance, if someone's attorney is
  handling a case for him and fails to file a paper
  with the court by a deadline, resulting in the
  decreased value or complete loss of his case, the
  attorney would be liable for an errors and
  omissions claim.

6
Cover your professional risks with Professional
liability insurance

• This insurance policy also deals with
  professional liability exposures of accountants
  and lawyers who hold themselves out to the public
  as professionals willing to perform professional
  services, for a fee, as independent contractors
  or their employees, partners or shareholders. .
  Professional liability insurance is required by
  law in some areas for certain kinds of
  professional practice especially medical and
  legal, and is also sometimes required under
  contract by other businesses that are the
  beneficiaries of the advice or service.
• Source http//californiabusinessliability.com/pr
  ofessional-liability-e---o.html