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Professional liability insurance

Index 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 which 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 such as businesses and corporations.

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Appraiser

An appraiser (from Latin appretiare, "to value"), is one who determines the fair market value of property, real or personal.

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Architect

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

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Breach of contract

Breach of contract is a legal cause of action and a type of civil wrong, 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.

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Broker

A broker is an individual person who arranges transactions between a buyer and a seller for a commission when the deal is executed.

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Business administration

Business administration is management of a business.

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Charitable organization

A charitable organization or charity is a non-profit organization (NPO) whose primary objectives are philanthropy and social well-being (e.g. charitable, educational, religious, or other activities serving the public interest or common good).

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Civil law (common law)

Civil law is a branch of the law.

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Construction

Construction is the process of constructing a building or infrastructure.

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Consultant

A consultant (from consultare "to deliberate") is a professional who provides 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.

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Defamation

Defamation, calumny, vilification, or traducement is the communication of a false statement that, depending on the law of the country, harms the reputation of an individual, business, product, group, government, religion, or nation.

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Engineering

Engineering is the creative application of science, mathematical methods, and empirical evidence to the innovation, design, construction, operation and maintenance of structures, machines, materials, devices, systems, processes, and organizations.

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Fair dealing

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

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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, individual managers and some government-sponsored enterprises.

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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 the communication of information to all involved parties throughout the course of a building project.

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Good faith

Good faith (bona fides), in human interactions, is a sincere intention to be fair, open, and honest, regardless of the outcome of the interaction.

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Indemnity

Indemnity is a contractual obligation of one party (indemnitor) to compensate the loss occurred to the other party (indemnitee) due to the act of the indemnitor or any other party.

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Information technology

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

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Insurance broker

An insurance broker sells, solicits, or negotiates insurance for compensation.

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Intellectual property

Intellectual property (IP) is a category of property that includes intangible creations of the human intellect, and primarily encompasses copyrights, patents, and trademarks.

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Landscape architect

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

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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." A lawsuit is any proceeding by a party or parties against another in a court of law.

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Lawyer

A lawyer or attorney is a person who practices law, as an advocate, attorney, attorney at law, barrister, barrister-at-law, bar-at-law, counsel, counselor, counsellor, counselor at law, or solicitor, but not as a paralegal or charter executive secretary.

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Legal liability

In law, liable means "esponsible or answerable in law; legally obligated." Legal liability concerns both civil law and criminal law and can arise from various areas of law, such as contracts, torts, taxes, or fines given by government agencies.

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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.

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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.

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Misrepresentation

A concept of English law, a misrepresentation is an untrue or misleading statement of fact made during negotiations by one party to another, the statement then inducing that other party into the contract.

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Negligence

Negligence (Lat. negligentia) is a failure to exercise appropriate and or ethical ruled care expected to be exercised amongst specified circumstances.

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Non-governmental organization

Non-governmental organizations, nongovernmental organizations, or nongovernment organizations, commonly referred to as NGOs, are usually non-profit and sometimes international organizations independent of governments and international governmental organizations (though often funded by governments) that are active in humanitarian, educational, health care, public policy, social, human rights, environmental, and other areas to effect changes according to their objectives.

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Nondestructive testing

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

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Nonprofit organization

A non-profit organization (NPO), also known as a non-business entity or non-profit institution, is dedicated to furthering a particular social cause or advocating for a shared point of view.

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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.

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Personal injury

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

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Physician

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

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Plumber

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

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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.

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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 which 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.

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Prosecutor

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

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Public liability

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

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Quality control

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

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Real estate broker

A real estate broker or real estate salesperson (often called a real estate agent) is a person who acts as an intermediary between sellers & buyers of real estate/real property.

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Software development

Software development is the process of conceiving, specifying, designing, programming, documenting, testing, and bug fixing involved in creating and maintaining applications, frameworks, or other software components.

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Statute of limitations

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

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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.

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Transport

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

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Vicarious liability

Vicarious liability is a form of a 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.

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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.

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Web developer

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

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Redirects here:

E & O insurance, E&O insurance, Errors and omissions, Errors and omissions insurance, Malpractice insurance, Professional Indemnity Insurance, Professional indemnity insurance.

References

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

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