Is professional liability insurance required for any profession?

Professional liability insurance is not required for any profession in North Carolina. This type of coverage is designed to protect professionals, such as doctors or lawyers, against financial losses resulting from a client’s claims of negligence, malpractice, errors, and omissions. However, some professions, such as healthcare, may require practitioners to purchase professional liability insurance. This is because healthcare providers may be legally responsible for acts or omissions made in the course of treating a patient. Professional liability insurance typically covers legal expenses incurred by the professional in the defense of a claim. It may also cover any judgments against the professional, as well as settlements or damages awarded to a plaintiff. Generally speaking, professional liability insurance is important for protecting professionals from financial losses due to claims of negligence or malpractice. Even if professional liability coverage is not required by law in North Carolina, many professionals choose to purchase this type of insurance to protect themselves and their business. An experienced insurance agent can help professionals and their business determine if this type of coverage is appropriate for their particular situation.

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Is professional liability insurance required for any profession?

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