Chapter 8 Liability Insurance for Professionals

Index

Section 8.1 Introduction
Section 8.2 Claims-Made Policy
Section 8.3 Terms
Section 8.4 Claim
Section 8.5 Prior Acts
Section 8.6 Tail Coverage
Section 8.7 Transitions
Section 8.8 Making the Transition From Occurrence Policy to Claims-Made Policy
Section 8.9 Reporting Matters to the Carrier That Have Not Yet Given Rise to a Claim
Section 8.10 Changes in Practice by an Individual Insured Resulting in a Change of Carrier or the Insured Leaving the Particular Profession
Section 8.11 Application Process
Section 8.12 General Claim Procedures
Section 8.13 General Policy Provisions
Section 8.14 Obligation to Defend
Section 8.15 The Deductible
Section 8.16 Limits Reduced by Defense Expense
Section 8.17 Indemnity/Judgment
Section 8.18 Professional Capacity
Section 8.19 Limits of Liability/Multiple Claims
Section 8.20 Coverage Section of the Policy
Section 8.21 Limits of Liability
Section 8.22 Control of Defense and Settlement
Section 8.23 Prior Acts Exclusion
Section 8.24 Contractual Liability Exclusion
Section 8.25 Punitive Amounts and Fines Exclusion
Section 8.26 Wrongful or Intentional Acts Exclusion
Section 8.27 “Other Services” Exclusion
Section 8.28 Architects’ and Engineers’ Professional Liability Policies
Section 8.29 Coverage Section of the Policy
Section 8.30 Exclusions
Section 8.31 Contractual Liability Exclusion
Section 8.32 Joint Venture Exclusion
Section 8.33 Equity Interest Exclusion
Section 8.34 Pollution Exclusion
Section 8.35 Intentional Act Exclusion
Section 8.36 Conditions of the Policy
Section 8.37 Coverage Section of the Policy
Section 8.38 Limits of Liability
Section 8.39 Claims-Made Policy
Section 8.40 Control of Defense and Settlement
Section 8.41 Exclusions
Section 8.42 Coverage Section of the Policy
Section 8.43 Business Enterprise Exclusion
Section 8.44 Defense of Disciplinary Proceedings
Section 8.45 Return of Fees
Section 8.46 Sanctions
Section 8.47 Malicious Acts
Section 8.48 Conditions of the Policy
Section 8.49 Introduction—Emerging Hybrid Professional Liability
Section 8.50 Concern Recognized by Sister Courts
Section 8.51 Emerging Insurance Industry Solution