Section 29 Coverage Section of the Policy

• Library: Prof Liability 2005

A & E professional liability policies are generally issued on a claims-made basis. Typically, a claim is defined as a “demand for money or services.”

The application is made a part of the policy. Representations and information provided within the application must be accurate.

As in other forms of professional liability insurance, the most critical question in the application pertains to the insured’s knowledge of the existence of a claim or potential claim. If the insured reports a claim or potential...