Litigation and Liability

There are so many positive aspects of being a physician, but lawsuits and malpractice claims can ruin what is an otherwise credible and desirable profession.  The unfortunate truth is that even the best doctors will most likely have to face claims against their diagnostics and procedures at least once in their career. 

Fiduciary duties are the highest duties known to the law. A real estate broker is legally responsible for certain specific duties to his principal, in addition to any duties or obligations set forth in a listing agreement or other contract of employment.

When you read about purchasing business insurance, it’s likely that the terms you will encounter most frequently are general liability insurance and professional liability insurance. The main difference between general liability versus professional liability insurance is the risks they cover.

Professional liability insurance can protect your business if you are faced with a lawsuit over a mistake made on the job, negligence or failure to perform a service. Unfortunately, these work-related mistakes aren’t the only reason professionals could face a lawsuit.

Professional liability insurance, also called errors and omissions insurance, protects service businesses from the cost of defending negligence lawsuits and other claims of service-related errors. Service professionals and business owners who provide expert advice should purchase professional liability coverage.

There is certain information that real estate brokers are legally required to disclose to buyers and sellers. Full disclosure provides parties with the information needed to properly negotiate the price and assess the property’s suitability for their needs.

Strong communication is a key component of any relationship and can have significant positive effects on all parts of professional and personal life. Without effective communication skills, a relationship may suffer.

Just one lawsuit has the potential to ruin an engineer’s entire career. Avoid legal trouble and protect yourself by running designs past a trusted colleague, practicing good customer service, having independent contracts conduct external reviews,

As a teacher, assuming that you don’t need to purchase your own liability coverage because your district, union, or professional organization covers you a common misconception. Professional liability insurance for teachers is prudent since your district’s coverage may not protect you as an individual.

There are few things more fulfilling for new consultants than signing clients and having the chance to do what they love under the structure of their own business. However it’s essential to protect yourself with professional liability insurance for consultants,