Logo
Unionpedia
Communication
Get it on Google Play
New! Download Unionpedia on your Android™ device!
Free
Faster access than browser!
And Ads-free!

Professional liability insurance

Professional liability insurance (PLI), also called professional indemnity insurance (PII) but more commonly known as errors & omissions (E&O) in the US, is a form of liability insurance that helps protect professional advice- and service-providing individuals and companies from bearing the full cost of defending against a negligence claim made by a client, and damages awarded in such a civil lawsuit. [1]

48 relations: Accounting, Appraiser, Architect, Breach of contract, Broker, Business administration, Charitable organization, Civil law (common law), Construction, Consultant, Defamation, Engineering, Fair dealing, Financial services, General contractor, Good faith, Indemnity, Information technology, Insurance broker, Intellectual property, Landscape architect, Lawsuit, Lawyer, Legal liability, Liability insurance, Management consulting, Misrepresentation, Negligence, Non-governmental organization, Nondestructive testing, Nonprofit organization, Notary public, Personal injury, Physician, Plumber, Product liability, Professional liability insurance, Prosecutor, Public liability, Quality control, Real estate broker, Software development, Statute of limitations, Surety bond, Transport, Vicarious liability, Warranty, Web developer.

Accounting

Accounting or Accountancy is the measurement, processing and communication of financial information about economic entities.

New!!: Professional liability insurance and Accounting · See more »

Appraiser

An appraiser (from Latin appretiare, to value), is one who sets a value upon property, real or personal.

New!!: Professional liability insurance and Appraiser · See more »

Architect

An architect is a person who plans, designs, and oversees the construction of buildings.

New!!: Professional liability insurance and Architect · See more »

Breach of contract

Breach of contract is a legal cause of action in which a binding agreement or bargained-for exchange is not honored by one or more of the parties to the contract by non-performance or interference with the other party's performance.

New!!: Professional liability insurance and Breach of contract · See more »

Broker

A broker is an individual or parties (brokerage firm) that arranges transactions between a buyer and a seller for a commission when the deal is executed.

New!!: Professional liability insurance and Broker · See more »

Business administration

Business administration is the process of managing a business or non-profit organization, so that it remains stable and continues to grow.

New!!: Professional liability insurance and Business administration · See more »

Charitable organization

A charitable organization is a type of non-profit organization (NPO).

New!!: Professional liability insurance and Charitable organization · See more »

Civil law (common law)

Civil law is a branch of the law.

New!!: Professional liability insurance and Civil law (common law) · See more »

Construction

Construction is the process of creating and building infrastructure or a facility.

New!!: Professional liability insurance and Construction · See more »

Consultant

A consultant (from consultare "to discuss") is a professional who provides professional or expert advice in a particular area such as security (electronic or physical), management, education, accountancy, law, human resources, marketing (and public relations), finance, engineering, science or any of many other specialized fields.

New!!: Professional liability insurance and Consultant · See more »

Defamation

Defamation—also calumny, vilification, and traducement—is the communication of a false statement that harms the reputation of an individual person, business, product, group, government, religion, or nation as well as other various kinds of defamation that retaliate against groundless criticism.

New!!: Professional liability insurance and Defamation · See more »

Engineering

Engineering is the application of mathematics, empirical evidence and scientific, economic, social, and practical knowledge in order to invent, design, build, maintain, research, and improve, structures, machines, tools, systems, components, materials, and processes.

New!!: Professional liability insurance and Engineering · See more »

Fair dealing

Fair dealing is a limitation and exception to the exclusive right granted by copyright law to the author of a creative work.

New!!: Professional liability insurance and Fair dealing · See more »

Financial services

Financial services are the economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, consumer-finance companies, stock brokerages, investment funds and some government-sponsored enterprises.

New!!: Professional liability insurance and Financial services · See more »

General contractor

A general contractor (main contractor, prime contractor) is responsible for the day-to-day oversight of a construction site, management of vendors and trades, and communication of information to involved parties throughout the course of a building project.

New!!: Professional liability insurance and General contractor · See more »

Good faith

Good faith (bona fides) is fair and open dealing in human interactions.

New!!: Professional liability insurance and Good faith · See more »

Indemnity

An indemnity is an obligation by a person (indemnitor) to provide compensation for a particular loss suffered by another person (indemnitee).

New!!: Professional liability insurance and Indemnity · See more »

Information technology

Information technology (IT) is the application of computers and telecommunications equipment to store, retrieve, transmit and manipulate data, often in the context of a business or other enterprise.

New!!: Professional liability insurance and Information technology · See more »

Insurance broker

An insurance broker (also insurance agent) sells, solicits, or negotiates insurance for compensation.

New!!: Professional liability insurance and Insurance broker · See more »

Intellectual property

Intellectual property (IP) is a term referring to creations of the intellect for which a monopoly is assigned to designated owners by law.

New!!: Professional liability insurance and Intellectual property · See more »

Landscape architect

A landscape architect is a person who is educated in the field of landscape architecture.

New!!: Professional liability insurance and Landscape architect · See more »

Lawsuit

A lawsuit (or suit in law) is "a vernacular term for a suit, action, or cause instituted or depending between two private persons in the courts of law." The term refers to any proceeding by a party or parties against another in a court of law.

New!!: Professional liability insurance and Lawsuit · See more »

Lawyer

A lawyer is a person who practices law, as a barrister, judge, attorney, counsel (counselor at law) or solicitor.

New!!: Professional liability insurance and Lawyer · See more »

Legal liability

Legal liability is the legal bound obligation to pay debts.

New!!: Professional liability insurance and Legal liability · See more »

Liability insurance

Liability insurance is a part of the general insurance system of risk financing to protect the purchaser (the "insured") from the risks of liabilities imposed by lawsuits and similar claims.

New!!: Professional liability insurance and Liability insurance · See more »

Management consulting

Management consulting is the practice of helping organizations to improve their performance, operating primarily through the analysis of existing organizational problems and the development of plans for improvement.

New!!: Professional liability insurance and Management consulting · See more »

Misrepresentation

Misrepresentation is a concept in the contract law of England and some other Commonwealth countries, referring to a false statement of fact made by one party to another party, which has the effect of inducing that party into the contract.

New!!: Professional liability insurance and Misrepresentation · See more »

Negligence

Negligence (Lat. negligentia, from neglegere, to neglect, literally "not to pick up something") is a failure to exercise the care that a reasonably prudent person would exercise in like circumstances.

New!!: Professional liability insurance and Negligence · See more »

Non-governmental organization

A non-governmental organization (NGO) is an organization that is neither a part of a government nor a conventional for-profit business.

New!!: Professional liability insurance and Non-governmental organization · See more »

Nondestructive testing

Nondestructive testing or Non-destructive testing (NDT) is a wide group of analysis techniques used in science and industry to evaluate the properties of a material, component or system without causing damage.

New!!: Professional liability insurance and Nondestructive testing · See more »

Nonprofit organization

A nonprofit organization (NPO, also known as a non-business entity) is an organization that uses its surplus revenues to further achieve its purpose or mission, rather than distributing its surplus income to the organization's directors (or equivalents) as profit or dividends.

New!!: Professional liability insurance and Nonprofit organization · See more »

Notary public

A notary public (or notary or public notary) of the common law is a public officer constituted by law to serve the public in non-contentious matters usually concerned with estates, deeds, powers-of-attorney, and foreign and international business.

New!!: Professional liability insurance and Notary public · See more »

Personal injury

Personal injury is a legal term for an injury to the body, mind or emotions, as opposed to an injury to property.

New!!: Professional liability insurance and Personal injury · See more »

Physician

A physician is a professional who practices medicine, which is concerned with promoting, maintaining or restoring human health through the study, diagnosis, and treatment of disease, injury, and other physical and mental impairments.

New!!: Professional liability insurance and Physician · See more »

Plumber

A plumber is a tradesperson who specializes in installing and maintaining systems used for potable (drinking) water, sewage, and drainage in plumbing systems.

New!!: Professional liability insurance and Plumber · See more »

Product liability

Product liability is the area of law in which manufacturers, distributors, suppliers, retailers, and others who make products available to the public are held responsible for the injuries those products cause.

New!!: Professional liability insurance and Product liability · See more »

Professional liability insurance

Professional liability insurance (PLI), also called professional indemnity insurance (PII) but more commonly known as errors & omissions (E&O) in the US, is a form of liability insurance that helps protect professional advice- and service-providing individuals and companies from bearing the full cost of defending against a negligence claim made by a client, and damages awarded in such a civil lawsuit.

New!!: Professional liability insurance and Professional liability insurance · See more »

Prosecutor

The prosecutor is the chief legal representative of the prosecution in countries with either the common law adversarial system, or the civil law inquisitorial system.

New!!: Professional liability insurance and Prosecutor · See more »

Public liability

Public liability is part of the law of tort which focuses on civil wrongs.

New!!: Professional liability insurance and Public liability · See more »

Quality control

Quality control, or QC for short, is a process by which entities review the quality of all factors involved in production.

New!!: Professional liability insurance and Quality control · See more »

Real estate broker

A real estate broker or real estate agent is a person who acts as an intermediary between sellers and buyers of real estate/real property and attempts to find sellers who wish to sell and buyers who wish to buy.

New!!: Professional liability insurance and Real estate broker · See more »

Software development

Software development is the computer programming, documenting, testing, and bug fixing involved in creating and maintaining applications and frameworks involved in a software release life cycle and resulting in a software product.

New!!: Professional liability insurance and Software development · See more »

Statute of limitations

Statutes of limitations are laws passed by a legislative body in common law systems to set the maximum time after an event when legal proceedings may be initiated.

New!!: Professional liability insurance and Statute of limitations · See more »

Surety bond

A surety bond or surety is a promise by a surety or guarantor to pay one party (the obligee) a certain amount if a second party (the principal) fails to meet some obligation, such as fulfilling the terms of a contract.

New!!: Professional liability insurance and Surety bond · See more »

Transport

Transport or transportation is the movement of people, animals and goods from one location to another.

New!!: Professional liability insurance and Transport · See more »

Vicarious liability

Vicarious liability is a form of strict, secondary liability that arises under the common law doctrine of agency – respondeat superior – the responsibility of the superior for the acts of their subordinate, or, in a broader sense, the responsibility of any third party that had the "right, ability or duty to control" the activities of a violator.

New!!: Professional liability insurance and Vicarious liability · See more »

Warranty

In contract law, a warranty has various meanings but generally means a guarantee or promise which provides assurance by one party to the other party that specific facts or conditions are true or will happen.

New!!: Professional liability insurance and Warranty · See more »

Web developer

A web developer is a programmer who specializes in, or is specifically engaged in, the development of World Wide Web applications, or distributed network applications that are run over HTTP from a web server to a web browser.

New!!: Professional liability insurance and Web developer · See more »

References

[1] https://en.wikipedia.org/wiki/Professional_liability_insurance

OutgoingIncoming
Hey! We are on Facebook now! »