Do You Have Claims-Made Professional Liability Coverage? Know Your Reporting Requirements

Do You Have Claims-Made Professional Liability Coverage? Know Your Reporting Requirements | Evan Schwartz

Professional Liability Insurance (PLI) is generally sold as claims-made coverage—a unique type of time-limited coverage primarily for professionals. Typical examples of PLI coverage include:

•Legal malpractice for attorneys;

•Medical malpractice for physicians;

•Employer Practices Liability Insurance (EPLI);

•Directors and officers (of corporations) liability insurance;

•Media liability insurance;

•Brokers’ errors and omissions insurance; and

•Cyber-liability, technology errors, and omissions insurance coverage (this product is new).

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