Professional Services Liability definition

Professional Services Liability means amounts that You become legally liable to pay by way of Compensation for Personal Injury and/or Property Damage caused by or arising from Your error or omission in the performing of an inspection of a Watercraft and/or in the issuing of a report relating to such inspection in the ordinary course of Your Business and regardless of whether a fee is charged. ‘Professional Services Liability’ does not mean General Liability or Products Liability or Pollution Liability or Statutory Liability or Environmental Impairment Liability.
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Professional Services Liability means amounts that You become legally liable to pay by way of Compensation for Personal Injury and/or Property Damage caused by or arising from Your error or omission in the performing of an inspection of a Watercraft and/or in the issuing of a report relating to such inspection in the ordinary course of Your Business and regardless of whether a fee is charged.
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Professional Services Liability means amounts that You become legally liable to pay by way of Compensation for Personal Injury and/or Property Damage caused by or arising from Your error or omission in the performing of pre-event safety inspections of Watercraft in the ordinary course of a Your Business as a Regatta Organiser.
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Examples of Professional Services Liability in a sentence

  • Umbrella/Excess Commercial General Liability and Professional Services Liability in the amount of $10,000,000 per occurrence.

  • Errors and Omissions (Professional Services Liability) insurance with a minimum limit of $1,000,000 per claim.

  • Subject to the terms and conditions of this Policy, You are covered for Professional Services Liability • caused by or arising from an Occurrence; • in the ordinary course of Your Business; • where the Property Damage and/or Personal Injury happens after the relevant Retrospective Inception Date, and • the Claim is first made against You during the Period of Insurance.

  • Notwithstanding the above, You are not covered for Professional Services Liability unless • Watercraft inspections and/or issuing of reports are undertaken by suitably qualified and experienced Employees; • reports are only released after being reviewed and approved by suitably qualified and experienced Employees, and • a disclaimer of any liability arising out of the undertaking of Watercraft inspections and issuing of reports is included in all reports issued.

  • Professional Services Liability insurance with a limit of […***…] Dollars ($[…***…]) per claim.

  • The ENGINEER shall secure, at its own expense, a Professional Services Liability Insurance policy with a limit of $3,000,000 per claim and in the aggregate, and maintain such policy for the duration of the PROJECT.

  • The ENGINEER shall secure, at its own expense, a Professional Services Liability Insurance policy with a limit of $3,000,000 per claim and in the aggregate and maintain such policy for the duration of the PROJECT.

  • The PROFESSIONAL TECHNICAL CONSULTANT shall secure, at its own expense, a Professional Services Liability Insurance policy with a limit of Two Million Dollars ($2,000,000) per claim and Four Million Dollars ($4,000,000) in the aggregate, and maintain such policy for the duration of the PROJECT.

  • Professional Services Liability The bank acts as a depository for ACH transactions of a larger institution.

  • Notwithstanding the above, You are not covered for Professional Services Liability unless • Watercraft inspections and/or issuing of reports are undertaken by suitably qualified and experienced • reports are only released after being reviewed and approved by suitably qualified and experienced Employees, and • a disclaimer of any liability arising out of the undertaking of Watercraft inspections and issuing of reports is included in all reports issued.