Sentences with phrase «errors or omissions policies»

An exception is errors or omissions policies, which typically apply on a claims - made basis.

Not exact matches

Coverage under the policy would include losses by reason of any act, error, omission, misstatement, misleading statement, neglect or breach of duty.

A business umbrella policy differs from a personal umbrella policy because it focuses on specific liabilities businesses face, such as «errors and omissions,» meaning advice or consultation that results in a loss for the client.

6.1.2 In accordance with its policy, KPMG advises that neither it nor any Partners or employee undertakes responsibility arising in any way whatsoever, to any person other than our client in respect of the matters dealt in this report, including any errors or omission therein, arising through negligence or otherwise, however caused.

Arguably, the harm that can come from public policy decision that are based on errors, omissions or deceptions by climate researchers is equal to the harm that can come from unregulated stock market promoters.

TitlePLUS purchase and mortgage policies include legal services coverage at no extra cost (and with no separate order required) for the lawyer's errors or omissions in providing legal services for the transaction (excluding Quebec policies.

The policy affords protection against claims for damages arising out of a claim, provided liability is the result of an error, omission or negligent act in the performance or failure to perform «professional services» for others.

A key determinant both of coverage provided by the LawPRO policy under the Law Society's insurance program, and of whether liability could spread beyond the individual lawyer - policyholder, is the nature of the error or omission giving rise to a claim.

The coverage does this by treating a «dishonest, fraudulent, criminal or malicious» act of either the insured or of others for whose actions the insured might be liable (for example, under the doctrine of vicarious liability) as an «error, omission or negligent act» as described in the policy.

Feel free to engage in policy development in the Comments, and to point out errors or omissions in the foregoing discussion.

For example, the LAWPRO policy covers lawyer errors and omissions, but does NOT generally cover criminal acts or fraud (other than through its specifically defined and priced innocent party coverage)-- compensation for losses related to these is more commonly available from the Law Society's victim compensation fund.

E&O issues Remember that the LAWPRO policy provides Ontario lawyers protection for claims that are the result of your error, omission or negligent act in the performance or failure to perform «professional services» for others involving the practice of the law of Canada, its provinces and territories.

The term «experience» or «experienced,» as used on the Site, Applications, and in other communications in reference to third party attorneys participating in LegalZoom's legal plans or other attorney access services means that the legal plan primary handling partner of each law firm fulfills the following: (a) possesses a minimum of five years» experience practicing law, (b) maintains errors and omissions insurance policies consistent with industry standards, (c) is in good standing with the state bar in each jurisdiction in which the attorney is licensed to practice, (d) has no pending malpractice lawsuit, as of the date of joining one of LegalZoom's legal plans, and (e) has no public record of discipline by a state bar within the last five years.

In case you have some specific concerns, additional liability policies selected according to your needs, such as Errors and Omissions Liability Insurance or Directors and Officers Liability, will be most helpful.

A business umbrella policy differs from a personal umbrella policy because it focuses on specific liabilities businesses face, such as «errors and omissions,» meaning advice or consultation that results in a loss for the client.

The above stated information is not exhaustive or complete; there are many additional features and variations to each Errors & Omissions wording and policy, including definitions and exclusions which must be reviewed carefully.

This indexed universal life insurance policy (this «Policy») is not sponsored, endorsed, sold or promoted by SPDJI, S&P, or any of their respective affiliates and none of such parties make any representation regarding the advisability of paying premiums for the Policy nor do they have any liability for any errors, omissions, or interruptions of the S&P 500 policy (this «Policy») is not sponsored, endorsed, sold or promoted by SPDJI, S&P, or any of their respective affiliates and none of such parties make any representation regarding the advisability of paying premiums for the Policy nor do they have any liability for any errors, omissions, or interruptions of the S&P 500 Policy») is not sponsored, endorsed, sold or promoted by SPDJI, S&P, or any of their respective affiliates and none of such parties make any representation regarding the advisability of paying premiums for the Policy nor do they have any liability for any errors, omissions, or interruptions of the S&P 500 Policy nor do they have any liability for any errors, omissions, or interruptions of the S&P 500 Index.

Typical professional liability policies will indemnify the insured against loss arising from any claim or claims made during the policy period by reason of any covered error, omission or negligent act committed in the conduct of the insured's professional business during the policy period.

More specifically a typical policy will provide indemnity to the insured against loss arising from any claim or claims made during the policy period by reason of any covered error, omission or negligent act committed in the conduct of the insured's professional business during the policy period.

The error, omission, or lie must be material to the policy or the risk.

A malpractice policy is specialized to deal with the risk of lawsuit due to errors and omissions in your work, such as bad advice, accidental injury, incorrect information, or unintentional misrepresentation.

Errors and omissions insurance policy can provide a defense for you, even if a claim is groundless or fraudulent.

Professional Liability Insurance, also known as Errors and Omissions (E&O) Insurance, is an insurance policy that protects an individual or business from the risk that they may be sued and held legally liable for something such as malpractice, injury, or negligence.