These are not risks to which
the professional liability insurance policy responds, so lawyers will want to consider the risks and how best to protect themselves as part of their due diligence.
As I mentioned, lawyers»
professional liability insurance policies are almost always written on a claims made form of coverage.
The session also covered the «ins & outs» of
a professional liability insurance policy so that an insured will be covered, and what to do if your firm is sued or accused of malpractice.
The professional liability insurance policy belongs to the individual lawyer, and not the firm.
• Poole v. Lombard General Insurance: This case dealt with whether a law firm's
professional liability insurance policy would respond to acts of employees at a non-traditional work event.
Professional liability insurance policies are usually arranged on a claims - made basis, which means coverage is good only for claims made during the policy period.
Professional liability insurance policies are generally set up based on a claims - made basis, meaning that the policy only covers claims made during the policy period.
Professional indemnity insurance or
a professional liability insurance policy helps manage your business and losses better without having to be sued or legally accused of major financial losses, which might lead to the fall of your entire business or your client's entire business.
In the event you face a lawsuit, you need the protection only
a professional liability insurance policy can offer.
These might include Group Mediclaim, Group Gratuity, Fire Insurance, Workmen Compensation, Personal Accident, and
Professional Liability Insurance policies.
To ensure you have adequate coverage in the untimely event that a lawsuit arises, take out
a professional liability insurance policy for yourself.
For Licensed Marriage and Family Therapists, post-master's or post-doctoral working under supervision towards a license or other licensed professionals seeking
a professional liability insurance policy, click here!
1994), a New York court found that a lawyer who was sued for fraudulent overbilling was entitled to a defense under
his professional liability insurance policy despite a policy exclusion for «return... of legal fees.»
Professional standards procedures of Member Boards must reflect substantively the approved due process policies and procedures of this Manual in order to ensure Board entitlement to coverage by
the Professional Liability Insurance Policy of the National Association in litigation involving the Board in connection with Board enforcement of the Code of Ethics, provided that such policies and procedures are consistent with applicable state law.