The policy analyses and comparisons will help you determine which policies
are best and design the broadest coverage.
Professional Liability Insurance provides actionable
recommendations and useful insight into errors and omissions (E&O),
medical and non-medical professional, and management liability exposures and
insurance. It gives a helpful overview of the exposures that lead to the need
of various types of insurance and follows with detailed analyses of how
various policies cover or don't cover them.
Using its market directory, thorough policy descriptions and analyses,
discussions of common problems and pitfalls, and summaries of underwriting
considerations, any insurance professional can confidently evaluate,
negotiate, and arrange almost any type of professional, E&O, or
management liability insurance program.
Professional Liability Insurance covers these topics.
- Legal Aspects
- Practical Concerns
- Markets
- Common Features
- Coverage Triggers
- Directors & Officers
- Governmental and Nonprofit
- Fiduciary
- Accountants
- Lawyers
- Insurance
- Medical
- Architects and Engineers
- Media
- Miscellaneous
- Other
- Employment Practices Liability
- Medical Professions
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Table of Contents
Agents, Brokers, and Account Support Staff
- Evaluate and choose between competing E&O, professional, or
management liability policy forms using the discussions and comparison
charts.
- Increase your sales using supportive explanations of exposures,
related claims, and needed coverage.
- Work more successfully with underwriters by reviewing underwriting
considerations and anticipating their needs.
- Spot problems in your competitors' programs or proposals and use
IRMI as third-party support of your discoveries and related
recommendations.
- Identify and utilize the best markets for management liability,
E&O, and professional liability insurance with the up-to-date market
directory.
- Avoid errors and omissions arising from tricky claims-made policies
using the explanations, analysis, and recommendations provided.
Risk Managers, Financial Executives, & Insurance
Buyers
- Keep abreast of major developments in management, E&O, and
professional liability exposures.
- Determine how CGL and umbrella liability insurance covers or does not
cover the management and professional liability exposures your
organization faces and whether or not a specific policy is needed.
- Evaluate and choose between competing management, E&O, or
professional liability policy forms using the discussions and comparison
charts.
- Learn ways to prevent professional, management, or E&O liability
claims.
- Understand the activities, exposures, and coverage gaps when using
claims-made liability policies.
Underwriters
- Learn how you stack up against the competition with discussions of
the policy forms and comparison charts.
- Respond to requests for policy modifications with more insight as to
the appropriateness and comparison to competing policies.
- Teach new underwriters about professional liability exposures and how
to underwrite them.
- Get advice to provide to agents, brokers, and insureds on ways to
prevent claims against professionals.
Claims Adjusters
- Use the layman's language explanations of coverage provisions to
develop perspective into coverage intent and as support for your
arguments for or against coverage.
Attorneys
- Includes 962 case citations, a 97 percent increase since 2007.
- Keep abreast of major claim sources against professionals.
- Learn how to advise clients on ways to prevent claims against
professionals.
- Gain insight into common variations among different insurers'
forms with respect to exclusions, covered damages, claims-made
provisions, and much more.
- Use the layman's language explanations of coverage provisions to
develop perspective into coverage intent and as support for your
arguments for or against coverage.
- Understand the resources available to insurance agents and brokers to
help them properly arrange coverage for professionals.
- Demonstrate coverage best practices to the court to help you win your
agent/broker E&O cases.
Consultants
- Keep abreast of major claim sources against professionals.
- Learn how to advise clients on ways to prevent claims against
professionals.
- Gain insight into common variations among different insurers'
forms with respect to exclusions, covered damages, claims-made
provisions, and much more.
- Get ideas for coverage enhancements to recommend for your
clients.
- Use as support and a second opinion in your litigation consulting
work.
Your purchase of Professional Liability Insurance comes
with access to the Contractor's Guide to OCIPs, a handy
reference that provides guidance on 39 issues contractors should
consider when accepting coverage through a wrap-up or controlled
insurance program. This publication was prepared by the OCIP Task Force
of the AGC of America.