What is the role of the professional liability insurer in a professional negligence claim?

The role of the professional liability insurer in a professional negligence claim in Nevada is to provide protection to professionals against the costs associated with defending and/or settling a professional negligence claim. Professional liability insurance covers the cost of legal defense and potential monetary damages from a lawsuit brought against the professional. The insurance company typically hires a lawyer to represent the insured professional during the proceedings of a lawsuit. The insurer also pays for any settlements or judgments that may be awarded to the plaintiff during litigation. If the insurer decides to settle the case before it goes to court, the settlement must be approved by the professional. The insurer will also conduct an investigation into the claim to determine whether or not the professional was negligent in their duties. This investigation usually includes interviewing witnesses and reviewing documents related to the case. If the insurer finds that the professional was negligent, they may deny coverage of the claim. Finally, the professional liability insurer plays an important role in negotiating a settlement between the parties involved in the claim. The insurer usually encourages an out-of-court settlement which can save time and money, while avoiding the uncertainty of a trial. By negotiating this settlement, the insurer can help both parties reach an agreement that is fair and reasonable.

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What is the role of the professional liability insurer in a professional negligence claim?

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