What clauses are included in a professional liability insurance policy?

A professional liability insurance policy in California will typically include a number of different clauses designed to protect the insured from any claims of negligence, malpractice, and other forms of liability. The most common clauses included in a professional liability policy are the insuring clause, the exclusions clause, the limits of liability clause, and the duty to defend clause. The insuring clause is the foundation of the policy and is often called the coverage grant. It sets out the risk that the policy is covering and any additional coverages that may be included. The exclusions clause sets out any risks or losses that are not covered under the policy. This is an important clause that should be carefully reviewed to ensure that the policy provides the coverage required. The limits of liability clause is the maximum amount of coverage provided under the policy. This clause is important to understand so that the policyholder is aware of their financial risk in the event of a claim. The duty to defend clause sets out the insurer’s obligations in the event of a claim. Generally, the insurer will investigate the claim and, if applicable, defend the insured against the claim in court. Overall, these four clauses are usually included in a professional liability insurance policy in California, and it is important to understand the clauses and the coverage they provide so that the policyholder is properly protected in the event of a claim.

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What clauses are included in a professional liability insurance policy?

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