professional liability insurance


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malpractice insurance

A generic term for an insurance policy purchased by health professionals to cover the costs of paying for legal fees and damages that a court of law might award a plaintiff alleging that the covered party committed one or more negligent acts that resulted in some form of tangible (compensable) harm.
Segen's Medical Dictionary. © 2012 Farlex, Inc. All rights reserved.

professional liability insurance

A type of insurance contract that provides compensation for a person or party injured by a professional's acts or omissions. Two common types of policies are as follows: (1) Claims made. The claim for damages by the injured party must be made during the policy coverage period in order for the professional to be covered and represented by the insurance company. (2) Occurrence basis. The claim for damages by the injured party is covered by the insurance company as long as the act of professional liability occurs during the policy coverage period, even though the claim is filed after the coverage period ends.
Medical Dictionary, © 2009 Farlex and Partners
References in periodicals archive ?
That's why you need to protect your livelihood with professional liability insurance."
Professional liability insurance isn't a bullet-proof vest, however.
Professional liability insurance helps to fund this exposure.
As an Active Member of the ADAA, you are entitled to professional liability insurance protection subject to the policy terms and conditions.
Professionals in numerous fields often can get the lowest cost and most appropriate professional liability insurance through their associations because of the efficiencies created by the larger potential pool of purchasers.
As jury verdicts against long-term care facilities have skyrocketed, so have professional liability insurance premiums.
Not only has Crowder escaped the burden of professional liability insurance, he's also no longer routed from sleep by a jangling telephone.
The first five sections cover background material on professional liability insurance that serves as a foundation for a discussion of the particular coverage lines.
Of the 299 respondents, 86.0% indicated that their residency programs did provide, at no cost, professional liability insurance to residents while they were engaged in the capacity of a resident in the program; 12.7% reported that their residency programs did not provide free professional liability insurance; and 1.3% did not respond to the question.
For its initial launch, Hanover's Insurago will offer professional liability insurance for more than 100 classes of business including consultants, IT contractors, fitness professionals and allied healthcare professionals.
TOPEKA, Kan: KaMMCO announced it has been admitted to sell medical professional liability insurance and cyber security insurance in the State of Connecticut.

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