What clauses are included in a professional liability insurance policy?

A professional liability insurance policy is a type of insurance policy designed to financially protect professionals from the risks associated with providing their services or products. When considering a professional liability insurance policy in Washington, it is important to understand the various clauses that may be included. The first clause that is often included is the professional indemnification clause. This clause provides protection for the professional against claims of negligence, which includes failure to perform services according to industry standards. Second, most professional liability policies will include a clause related to the reimbursement of costs associated with defending a professional’s work. This clause is intended to reimburse the professional for legal costs in the case of a lawsuit or other legal dispute. Finally, the policy may provide for the reimbursement of damages that may be awarded to the claimant. This clause is intended to protect the professional from the financial burden of paying for damages that have been awarded to the claimant in relation to professional services provided. In conclusion, when considering a professional liability insurance policy in Washington, it is important to understand the various clauses that may be included. These clauses typically relate to professional indemnification, the reimbursement of costs associated with defending a professional’s work, and the reimbursement of damages that may be awarded to the claimant.

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What clauses are included in a professional liability insurance policy?

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