Professional Liability definition

Professional Liability. $5 million per Occurrence; if claims made policy include 3 year extended reporting period. Amusement Companies (including carnival rides, inflatables and dunk tanks) Licensee Initials Commercial General Liability: $3 million per Occurrence/$5 million aggregate with Trinity University endorsed as an Additional Insured. No participant exclusion.
Professional Liability. To cover error, omission or negligent acts related to the professional services to be provided under the Agreement/Contract.
Professional Liability. Policy shall protect the insured against claims for Injury arising out of the professional duties of employed MICT or other medical professionals. Minimum limits are $500,000 per medical incident.

Examples of Professional Liability in a sentence

  • With the exception of Professional Liability (E&O), all coverage shall be written on an occurrence basis.

  • Each policy, except Workers’ Compensation and Professional Liability, must also contain an endorsement that the policy is primary to any other insurance available to the Additional Insured with respect to claims arising under this Agreement.

  • The City shall be an Additional Insured under this Agreement, and all policies, except Professional Liability and Worker’s Compensation, shall explicitly name the City as an Additional Insured.

  • If CONTRACTOR sub-contracts in support of CONTRACTOR’S work provided for in the agreement, Professional Liability Insurance for Errors shall be provided by the sub-contractor in an amount not less than one million dollars ($1,000,000) in aggregate.

  • Contractor and its subcontractors shall effect and maintain any insurance coverage, including, but not limited to, Workers’ Compensation, Employers’ Liability, General Liability, Contractual Liability, Professional Liability, Automobile Liability and Umbrella Liability to support such financial obligations.


More Definitions of Professional Liability

Professional Liability. The revised version of Attachment C, effective July 1, 2016 does not specify limits for professional liability coverage. The base agreement included professional liability limits that need to be included in this agreement. APPROVAL: e-Signed by Xxxxx Xxxxxxx on 2016-12-07 16:55:44 GMT _ ASSISTANT ATTORNEY GENERAL DATE: December 07, 2016 State of VermontAttachment D Revised AHS – 10-30-2010
Professional Liability. Limits of Liability: $1,000,000. each claim $2,000,000. aggregate
Professional Liability means any breach of professional duty or wrongful or inadequate advice given by the Insured in the conduct of their Business, including the rendering of or the failure to render professional medical advice by medical persons engaged by the Insured to provide first aid on the Insured’s premises.
Professional Liability. Commercial General Liability " " Automobile " " Workers Compensation " "
Professional Liability. The Agency shall maintain professional liability with a limit of not less than $1,000,000 (One Million Dollars) per occurrence per claim. When a self-insured retention or deductible exceeds $100,000 (One Hundred Thousand Dollars), the County reserves the right to request a copy of the Agency’s most recent annual report or audited financial statement. For policies written on a “Claims- Made” basis, the Agency agrees to maintain a retroactive date prior to or equal to the effective date of this Contract. In the event the policy is canceled, non-renewed, switched to occurrence form, or any other event which triggers the right to purchase a Supplement Extended Reporting Period (SERP) during the life of this Contract, the Agency agrees to purchase the SERP with a minimum reporting period of not less than two (2) years. Purchase of the SERP shall not relieve the Agency of any obligation to provide replacement coverage. By entering into this Contract, the Agency agrees to provide a waiver of subrogation or a waiver of transfer of rights of recovery, in favor of the County, for the general liability policies as required herein. When required by the insurer or should a policy condition not permit the Agency to enter into a pre-loss agreement to waiver subrogation without an endorsement, the Agency agrees to notify the insurer and request the policy be endorsed with a Waiver of Subrogation or a Waiver of Transfer of Rights of Recovery Against Others endorsement. Prior to the execution and commencement of any operations/services provided under this Contract, the Agency shall provide the County with current certificates of insurance evidencing all required coverage. In addition to the certificate(s) of insurance, the Agency shall also provide endorsements for each policy as specified above. All specific policy endorsements shall be in the name of the Orange County Board of County Commissioner. For continuing service contracts, renewal certificates shall be submitted immediately upon request by either the County or the County’s contracted certificate compliance management firm. The certificates shall clearly indicate that the Agency has obtained insurance of the type, amount, and classification as required for strict compliance with this insurance section. Agency shall notify the County, not less than thirty (30) business days (ten (10) business days for non-payment of premium) of any material change in or cancellation/non-renewal of insurance coverage. The Agency shal...
Professional Liability exclusion must except contractor means and methods. The “your work” exclusion must except damaged work or the work out of which the damage arises that is performed by a subcontractor of the insured. Such insurance shall be in limits of [*****] per occurrence, [*****] Products/Completed Operations aggregate limit dedicated to the Project, and [*****] general aggregate limit dedicated to the Project. Defense costs shall be outside of policy limits. The aggregate limits shall apply separately to the Project through the use of a designated project aggregate limit of insurance endorsement. Such insurance shall: (a) contain cross liability and severability of interests provisions; (b) contain coverage for Premises and Operations Liability (including explosion, collapse, and underground hazard), and (c) provide coverage that is equivalent in scope to or broader than the coverage provided by ISO form CG 00 01. If Contractor’s Services involve the use of cranes, such coverage shall include riggers coverage for any operations performed by or on behalf of Contractor. Contractor shall continue to maintain the policy for [*****] following Final Acceptance by Company or termination of this Agreement, whichever is later, or shall include supplemental extended reporting period coverage for not less than [*****] after Final Acceptance or termination of this Agreement, whichever is later. (c) Automobile Liability Insurance, covering bodily injury and property damage liability caused by the use of Contractor’s owned, hired or non-owned automotive in the performance of the Scope of Work under this Agreement with a combined single limit of not less than [*****] per occurrence or accident or the amount required by Applicable Law, whichever is greater. (d) Umbrella Liability or Excess Liability Insurance, written on a following-form policy (terms at least as broad as the underlying coverage) and on an occurrence basis, and not claims-made basis, providing coverage excess of the underlying Employer’s Liability, Commercial General Liability, and Commercial Automobile Liability insurance, with limits of [*****] per occurrence and [*****] annual aggregate using, at Company’s discretion and acceptance, either (i) Contractor’s corporate insurance program, or (ii) Contractor’s project-specific insurance dedicated solely to the Project; if a project-specific insurance policy is procured, Contractor shall ensure that it has limits of [*****] per occurrence and in the aggregate with a rei...
Professional Liability. , as used in this endorsement, means liability arising out of any Insured’s profession as stated above and caused by the rendering or failure to render “Professional Services” for others; including “Professional Service” of any employee of any insured or of any other person for whom any Insured is legally liable.