What is the reason for the existence of professional liability law?

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What type of damages can a professional be liable for in a professional negligence claim?
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Is it possible to settle a professional negligence claim out of court?
Are there any legal defenses available to professionals when sued for professional negligence?
What are the legal defenses available to a professional sued for professional negligence?
Are there any differences in the application of professional liability law across different jurisdictions?
What are the consequences for failing to comply with professional liability law?
What types of negligence claims do professional liability laws cover?
How does professional liability law protect a professional from potential claims?
What is the difference between a claim of professional negligence and a claim of vicarious liability?

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