Principles of Risk Management and Insurance, 13th Edition

Professional Liability Insurance

Lawsuits against physicians, attorneys, engineers, and other professionals are common. This section briefly discusses professional liability insurance that provides protection against lawsuits alleging a substantial error or omission.

Physicians Professional Liability Insurance

Professional liability insurance forms are not uniform, and insurers typically use their own forms. For medical professionals, the coverage is typically called physicians, surgeons, and dentists professional liability insurance. The following section discusses some typical provisions of this coverage.¹⁸

• Two insuring agreements. The first insuring agreement covers the individual liability of each person named as an insured on the declarations ...