professional liability


Also found in: Acronyms.

professional liability

The obligation that a professional practitioner has to provide care or service that meets the standard of practice for his/her profession–ie, reponsibility; when a professional fails to provide the standard of practice, liability refers to the obligation to pay for damages incurred by negligent acts. See Liability, Malpractice.

professional liability

The obligation of health care providers or their insurers to pay for damages resulting from the provider’s negligent acts of omission or commission in treating patients.
References in periodicals archive ?
Lecci will report to Drew Dinsmore, managing director of Professional Liability at Markel Corporation, and his appointment was effective July 22, 2019.
"Amy has more than 15 years of commercial insurance industry experience," says Jeff Slivka, President - National Environmental and Construction Professional Liability Practice.
The company claims to be the first national carrier to offer general and professional liability insurance for general contractors entirely online.
The new role requires Rea to focus on writing miscellaneous professional liability for US-domiciled companies through wholesale intermediaries.
They join the six-strong professional liability team in Newport, led by partners Clare Hughes-Williams and Catrin Davies.
AXIS Re, a business segment of AXIS Capital Holdings Limited (NYSE:AXS), has announced the appointment of Neil Monahan as Senior Vice President, Professional Liability, the company said.
NAPLIA is a programme administrators of professional liability insurance for accountants, bookkeepers, and investment advisors.
The 2010 policy included coverage for commercial general liability, business personal property liability and lawyers' professional liability. Sicari paid a premium of $2,728 for the 2010 policy.
Consequently, audit services present a potential area of professional liability risk for a CPA firm.
Professional Liability insurance has expanded well beyond the "learned professions," such as lawyers, doctors, accountants, engineers and architects.
Over the recent past, the West Virginia Medical Insurance Agency (WVMIA) has lost numerous clients (individual and groups of physicians) to corporate organizations (primarily hospitals) that have controlled the placement of the medical professional liability insurance for these physicians.

Full browser ?