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Rating:Professional liability insurance, also called professional indemnity insurance but more commonly known as errors & omissions 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. The coverage focuses on alleged failure to perform on the part of, financial loss caused by, and error or omission in the service or product sold by the policyholder.
read moreThe Professional Liability Underwriting Society is a non-profit organization with membership open to persons interested in the promotion and development of the professional liability industry. PLUS was founded in 1986. Since then, PLUS has grown from 300 members in 1989 to over 6,000 members, representing over 1,000 companies active in the many fields of professional liability, including underwriters, brokers, risk managers, program managers, attorneys, claims examiners, general agents, teachers/professors, and students.
read moreIn the US, registered professional liability underwriter is considered to be the only professional designation exclusively for people in the professional liability industry. The self-study courses provide a broad, basic overview of the professional liability disciplines.
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