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Professional liability insurance (PLI), also called professional indemnity insurance (PII) but more commonly known as errors & omissions (E&O) in the US, is a form of liability insurance which helps protect professional advising, consulting, and service-providing individuals and companies from bearing the full cost of defending against a ...
Haiti was required to pay an indemnity of 150,000,000 francs to France in order to atone for the loss suffered by the French slave ... Professional indemnity insurance;
Liability insurance (also called third-party insurance) is a part of the general insurance system of risk financing to protect the purchaser (the "insured") from the risks of liabilities imposed by lawsuits and similar claims and protects the insured if the purchaser is sued for claims that come within the coverage of the insurance policy.
When liable, damages are paid from a nationwide consolidated indemnity fund. Group liability of this kind is otherwise unprecedented. Notaries are therefore required to take out professional indemnity insurance for the due protection of their clients.
Comply with the IFA's continuing professional development (CPD) requirements. Have professional indemnity insurance cover. Be supervised under the Money Laundering Regulations 2007. Provide evidence of having achieved the IFA taxation qualification or equivalent. Provide evidence of having completed an ethics assessment.
The chief executive of the FPA informed the AFCA in a written submission that the professional indemnity issue required further attention by the complaints authority alongside also the professional indemnity insurance industry, this was published by the website IFA in April 2019. [25]
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