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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 ...
The department, as the Department of Commerce, was formed in 1965 by Section 225 of the Executive Organization Act of 1965, 1965 PA 380, MCL 16.325.The Michigan Department of Licensing and Regulation was abolished with most responsibilities transferred to the newly formed Department. [1]
The Doctors Company claims to be the largest physician-owned medical malpractice insurer in the U.S., with 80,000 insureds nationwide, $6.2 billion in assets, $2.3 billion in member surplus, and a financial strength rating of A from A. M. Best and Fitch Ratings in fiscal year 2020.
Here are some of the most common types of liability insurance: General liability: This type of insurance covers lawsuits involving bodily injury or property damage. Professional liability: This ...
Minimum insurance requirements: Drivers must carry at least a minimum of 50/100/10 liability insurance, Personal Injury Protection (PIP) and Property Protection Insurance (PPI). The state’s ...
Key takeaways. Personal injury protection (PIP) insurance is mandatory in Michigan. PIP can pay for medical bills, lost wages and other costs associated with auto accident injuries for you, your ...
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