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Questions and Answers
What kind of policy covers claims that are made during the policy period regardless of when the action occurred that gives rise to the claim?
What kind of policy covers claims that are made during the policy period regardless of when the action occurred that gives rise to the claim?
- Professional Liability Insurance (PLI)
- Claims-made policy (correct)
- Errors and Omissions (E&O) coverage
- Workers Compensation coverage
What insurance coverage cannot be used as additional to Practice Liability (EPL)?
What insurance coverage cannot be used as additional to Practice Liability (EPL)?
- Both Professional Liability Insurance (PLI) and Workers Compensation coverages (correct)
- None of these
- Workers Compensation coverages
- Professional Liability Insurance (PLI)
What does Professional Liability Insurance (PLI) or Errors and Omissions (E&O) provide coverage against?
What does Professional Liability Insurance (PLI) or Errors and Omissions (E&O) provide coverage against?
- Claims made due to negligent errors and omissions (correct)
- Contract requirements
- All types of errors and omissions
- Major claims and lawsuits
When does a claims-made policy need to be in place for coverage?
When does a claims-made policy need to be in place for coverage?
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Which of the following insurance can be used to fulfill contract requirements when they are higher than the limits you carry?
Which of the following insurance can be used to fulfill contract requirements when they are higher than the limits you carry?
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