What is the statute of limitations for professional negligence claims?

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Is professional liability insurance always necessary for a professional?
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When is a professional liable for damages resulting from professional negligence?
Are there any statutes of limitations that apply to professional negligence claims?
When is a professional considered to be liable for professional negligence?
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What is the difference between a breach of fiduciary duty and a breach of professional liability law?
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What should a professional do if they believe they are being sued for professional negligence?
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