What are the consequences of a professional being found liable for professional negligence?

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What is the purpose of professional liability law?
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Are there any limitations on the amount of damages that can be recovered in a professional negligence claim?
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What are the consequences of a professional being found liable for professional negligence?
Is professional liability insurance always necessary for a professional?
How does a professional determine an appropriate amount of professional liability insurance coverage?
Are there any limitations on damages that can be recovered in a professional negligence claim?

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