Life underwriters' professional liability insurance
Term · Insurance and risk management · MLC-T-INS-002010
A type of errors and omissions (E&O) insurance specifically designed to protect life insurance agents and brokers from claims of negligence, errors, or omissions in their professional services. This coverage protects against financial losses arising from advice given, policies sold, or other professional duties. It covers legal defense costs and damages up to the policy limits.
| Identifier | MLC-T-INS-002010 |
|---|---|
| Field | Insurance and risk management |
Record as JSON
{
"id": "MLC-T-INS-002010",
"term": "Life underwriters' professional liability insurance",
"field": "Insurance and risk management",
"definition": "A type of errors and omissions (E&O) insurance specifically designed to protect life insurance agents and brokers from claims of negligence, errors, or omissions in their professional services. This coverage protects against financial losses arising from advice given, policies sold, or other professional duties. It covers legal defense costs and damages up to the policy limits.",
"url": "https://mlchart.com/terminology/insurance/life-underwriters-professional-liability-insurance/"
}
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