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The FEDS PLI policy pays for your legal defense up to $200,000 for any disciplinary or judicial sanction proceeding or administrative investigations into alleged misconduct from any act, error, or omission arising out of your course and scope of employment.
A certificate of liability insurance is a document proving that your business has general liability insurance or other types of liability coverage. It tells customers and potential business partners that your company is insured against claims of property damage, bodily injury or other harms.
Is Employment Practices Liability the Same as Professional Liability Insurance? No! Professional Liability Insurance covers a business owner for third party claims of negligence. Whereas, EPLI covers employment-related claims, not client or third-party claims.
Employers liability insurance protects a company from legal claims filed by workers who have experienced a job-related injury or illness. It is a type of liability insurance that, in conjunction with workers compensation, covers companies against costs and claims made by injured employees.
The key difference between public liability and professional indemnity is that public liability covers for risks of injury or damage, whereas professional indemnity is focused on cover for professional errors and negligence causing financial loss.
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The FEDS professional liability policy provides coverage for (1) Administrative Disciplinary Matters, (2) Personal Capacity Lawsuits / Bivens Actions, and (3) Criminal Investigations that you could be subjected to while performing your job.
Professional Liability Claims: Trigger of Coverage In order to trigger coverage under a professional liability policy, there must be an allegation that you or your business made an error or omission in the course of rendering professional services that resulted in harm to a third party.
A claims-made policy covers you for claims-made during that one policy year. The retroactive date allows you to also add coverage for incidents that happen after your retroactive date. The process of covering those past years is called prior acts.

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