Professional liability insurance definition

Professional liability insurance means insurance against legal liability incident to the practice of a profession and provision of a professional service.

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Professional liability insurance if required for the professional services being provided, (e.g., those persons authorized by a license to engage in a business or profession regulated by the California Business and Professions Code), in the amount of not less than

Professional liability insurance if required for the professional services being provided, (e.g., those persons authorized by a license to engage in a business or profession regulated by the California Business and Professions Code), in the amount of not less than $1,000,000 per claim and $2,000,000 in the aggregate, to cover liability for malpractice or errors or omissions made in the course of rendering professional services. If professional liability insurance is written on a “claims-made” basis rather than an occurrence basis, the CONTRACTOR shall, upon the expiration or earlier termination of this Agreement, obtain extended reporting coverage (“tail coverage”) with the same liability limits. Any such tail coverage shall continue for at least three years following the expiration or earlier termination of this Agreement.

Examples of Professional liability insurance in a sentence

• Professional Liability Insurance for Errors and Omissions coverage in the amount of not less than one million dollars ($1,000,000) combined single limit for each occurrence.

• If CONTRACTOR sub-contracts in support of CONTRACTOR’S work provided for in the Agreement, Professional Liability Insurance for Errors shall be provided by the sub-contractor in an amount not less than two million dollars ($2,000,000) in aggregate.

• Professional Liability Insurance for Errors and Omissions coverage in the amount of not less than ($1,000,000).

• Professional Liability Insurance for Errors and Omissions coverage in the amount of not less than two million dollars ($2,000,000).

• If Consultant subcontracts in support of the services under this Agreement, Professional Liability Insurance for Errors shall be provided by the subcontractor in an amount not less than one million dollars ($1,000,000) in aggregate.

More Definitions of Professional liability insurance

Professional liability insurance means insurance taken out by a provider in respect of potential liabilities to recipients and, where applicable, third parties arising out of the provision of the service.

Professional liability insurance means insurance providing coverage for legal liability arising out of the performance of professional services rendered or that should have been rendered by a healthcare provider.

Professional liability insurance means insurance against legal liability incident 830 to the practice of a profession and provision of any professional services.

Professional liability insurance means professional liability insurance coverage of such kind, in such amount and underwritten by such insurers as required and approved by the Board.

Professional liability insurance means insurance against legal liability incident to

Professional liability insurance means insurance against

Professional liability insurance means general liability insurance;