Professional liability insurance

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Professional liability insurance

Insurance designed to insure an architect, engineer, or any person or firm undertaking design responsibility, such as design-build contractor, against claims for damages resulting from alleged professional negligence.

professional liability insurance

Insurance designed to insure an architect or engineer against claims for damages resulting from alleged professional negligence.
References in periodicals archive ?
Malpractice insurance is a necessity for any physician.
Buying too much coverage is another common way to lose money on medical malpractice insurance.
Another reason to advocate uniform federal action is that it would eliminate the problem of doctors leaving states with disproportionately high malpractice insurance costs to practice in states where the costs are lower.
Money that would otherwise paid to the insurance companies would be saved by providing malpractice insurance directly to practitioners.
California has long been an example in how medical malpractice insurance is regulated given the product's litigious nature.
We had never come close to any type of litigation or disagreement with our clients, so I saw it as $2,500 in the bank when I decided not to renew my malpractice insurance.
For example, he said that his own malpractice insurance premiums have risen from $325 in 1976 to more than $3,000.
Tim Bone, President of MedMal Direct, said, "Because of the commoditized nature of medical malpractice insurance, it is simply more efficient for the physician to purchase directly from the company.
Concluding, Consumer Watchdog urged the Court to grant the plaintiff's petition for review so that the Court could "review the constitutionality of[California's cap on damages] against the backdrop of malpractice victims' constitutional rights in light of the absence today of any purported malpractice insurance rate crisis that may have existed in 1975.
com)-- Nexus's website now contains presentations specifically for physician assistants: info how to reduce malpractice insurance costs, as well as request a quote via an online form.
It cannot be denied that the cost of malpractice insurance is a problem.
Shortly after the President's visit, however, the Supreme Court of Pennsylvania took action that promises some relief to doctors, hospitals and other providers reeling from the state's malpractice insurance crisis--and it may be a model for other states to follow.