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Terms associated with professional liability insurance policies

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Explain the meaning of the following terms used in professional liability policies:
a. claims made coverage b. occurrence coverage c. assignment d. subordination

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Solution Summary

Terms associated with professional liability insurance policies are clearly defined and cited.

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Health Care Law Term
Need help Explaining the meaning of the following terms used in professional liability policies:
a. claims made coverage b. occurrence coverage c. assignment d. subrogation

In professional liability insurance policies the following terms are explained as follows. General liability insurance may be purchased either on occurrence coverage or claims made coverage. The superior of the two is Occurrence coverage because it offers superior protection but is much more ...

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