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.

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.
References in periodicals archive ?
That's where professional liability insurance comes into play.
Unfortunately, some small firms don't realize they need professional liability insurance until it's too late.
Everything you need to know in 60 minutes about updating your medical professional liability insurance for 2011
A line-by-line look at an updated medical professional liability insurance policy, highlighting terms that are most negotiable right now, and specific types of coverage that are currently being included and terms you absolutely must update before the end of the year (e.
CPAs generally limit exposure to liability either externally, by purchasing professional liability insurance, or internally, through various quality control techniques.
Alaina Walls brings to Lockton the type of deep experience our current and prospective law firm clients need to help them secure the correct types of professional liability insurance.
As a physician-owned company, our goals are to provide physicians with affordable and reliable professional liability insurance, and to promote the highest quality health care.
Best Company, the medical professional liability insurance industry suffered losses from 1998 to 2003 and only returned to modest profitability in the last two years.
Listwan brings two decades of professional liability insurance experience to the Board as well as experience in a variety of medical leadership roles, including past president of the Wisconsin Medical Society.
through its subsidiary companies, is a leading provider of medical professional liability insurance for physicians, dentists and other healthcare providers and a provider of insurance management services to other medical professional liability insurance carriers.
Medical professional liability insurance products are underwritten by The Medical Protective Company, rated AAA (Extremely Strong) by Standard & Poor's and A+ (Superior) by A.

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