7 - Professional Liability Insurance

John explains the many weaknesses of professional liability insurance and why practitioners should regard it only as a safety net (and not a particularly reliable one) and not a trampoline. He discusses the nature of claims-made coverage (vs. occurrence-based), prior-acts limits, aggregate limits, and uncovered exposures, such as contractual liability. He also points out the additional, uninsurable costs of the deductible, lost time, aggravation, lost productivity, and lost sleep.

Category:

Education

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• Presentation07