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Professional liability insurance (PLI), also called professional indemnity insurance (PII) and 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 negligence ...
It was created under the authority of section 121.02 of the Ohio Revised Code (ORC) and is administered by the Director of Insurance. Insurance companies operating in the state of Ohio are subject to regulation under Title 39; and depending upon the entity of the organization, Chapters 1751 and 1753 of the ORC. ODI is charge with seeing that ...
Based in Westfield Center, Ohio, the company employs over 2,400 nationwide, including 1,500 in its home office. It is the largest employer in Medina County. Westfield's products are distributed through a network of more than 1,000 independent insurance agents. [5]
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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.
The big 10 carriers in Ohio raised homeowner rates 3.8% last year, more modest than auto rates, but still the biggest increase since 2018. American Family posted the biggest increase, 14.3%, and ...
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