MLchartDataset catalogue

Contractors professional liability insurance

Term · Insurance and risk management · MLC-T-INS-000952

Insurance designed to cover contractors for financial losses resulting from claims of negligence, errors, or omissions in their professional services, such as design, engineering, or project management. This policy addresses liabilities beyond the physical damage covered by general liability. It protects against claims arising from faulty workmanship or advice that leads to economic loss for the client.

Table 1. Record
IdentifierMLC-T-INS-000952
FieldInsurance and risk management
SubjectProfessional Liability
Record as JSON 
{
  "id": "MLC-T-INS-000952",
  "term": "Contractors professional liability insurance",
  "field": "Insurance and risk management",
  "definition": "Insurance designed to cover contractors for financial losses resulting from claims of negligence, errors, or omissions in their professional services, such as design, engineering, or project management. This policy addresses liabilities beyond the physical damage covered by general liability. It protects against claims arising from faulty workmanship or advice that leads to economic loss for the client.",
  "subject": "Professional Liability",
  "url": "https://mlchart.com/terminology/insurance/contractors-professional-liability-insurance/"
}

Record 767 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.