What clauses are included in a professional liability insurance policy?

A professional liability insurance policy is a type of coverage that helps protect businesses and individuals from claims that arise due to errors or omissions made while providing professional services. In Pennsylvania, a professional liability policy typically includes the following clauses: 1. Duty to defend: This clause states that the insurance company has the duty to defend any lawsuit brought against the policyholder for professional liability, regardless of the truth or accuracy of the claims. 2. Damage liability: This clause generally states that the insurance company must pay any damages awarded to a plaintiff resulting from a valid claim against the policyholder. 3. Retroactive coverage: This clause states that the policy covers any personal injury or property damage claim that occurred before the policy was issued. 4. Negligence and malpractice: This clause states that the insurance company will cover losses resulting from the policyholder’s negligence or malpractice. 5. Errors and omissions: This clause states that the insurance company will cover losses resulting from policyholder’s mistakes or oversights. 6. Fines and penalties: This clause states that the insurance company will cover any fines or penalties imposed on the policyholder due to professional negligence. By understanding and adhering to the clauses outlined in professional liability insurance policies, business owners and individuals can protect themselves in the event of a professional liability claim.

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What clauses are included in a professional liability insurance policy?

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