Contractors Professional Liability Insurance

Contractors Professional Liability Insurance,

Contractors Professional Liability Insurance Definition:

  1. The definition of Contractors Professional Liability Insurance is: Prior to the introduction of this policy, specific coverage was developed in the 1990s to cover errors or omissions in the design of contractor liability, with some markets offering professionally designed liability. This was done through policy agreements, and this coverage was generally limited to the contractor's liability. Indirect liability for design errors and defects (ie liabilities imposed) on the Contractor for the failure or loss of another party, such as the Contractor's Designated Engineer for advice on structural matters). As more and more contractors began design and construction work which significantly increased the risk of their professional liability, a professional liability policy was developed for contractors to address the risks and requirements of the contractors. ۔ Special builder's compulsory insurance coverage, including direct builder liability. Coverage can be purchased each year to complete the contractor's entire work or to meet the contractor's design responsibilities for a specific project on a project-specific basis.

Literal Meanings of Contractors Professional Liability Insurance

Professional:

Meanings of Professional:
  1. Belong to a family member or profession.

  2. Participate in some activities as a core activity rather than a hobby.

  3. They usually form the characteristics of a particular activity or attribute.

  4. Eligible or suitable for competent, experienced or trusted professionals.

  5. A person who is dedicated or skilled in a profession.

  6. People who engage in certain activities, especially sports or performing arts, full time and as a hobby.

  7. An individual who is qualified or qualified for a particular job.

Sentences of Professional
  1. Professional development resources

  2. Vocational schools at Yale and Harvard

  3. Today, there are approximately 1.2 million professional men, women, and 29,600 clubs around the world.

  4. But in the end, how you handle your personal and professional worries is entirely yours.

  5. They are not professional singers and come from different backgrounds.

  6. I belong to a professional association and we meet once a month to talk and discuss.

  7. He says American corporations do not understand groups, they are not professional groups.

  8. One of the professional associations I participate in is the ASA, which I call my home of learning.

Synonyms of Professional

authority, adept, skilled, capable, polished, non-manual, slick, maestro, trooper, able, virtuoso, seasoned, past master, competent, deft, practised, trained, proficient, experienced, dexterous, businesslike, accomplished, master, skilled person

Liability:

Meanings of Liability:
  1. The state of being responsible for something, especially in accordance with the law.

  2. Anything for which one is responsible, especially a loan or financial obligation.

  3. A person or thing whose presence or behavior may embarrass or harm someone.

Sentences of Liability
  1. She gave birth to a healthy baby and those who neglected her are responsible for the interview.

  2. The difference between responsibility for actions and responsibility for negligence is clear.

  3. No legal impediment can deny the public the right to be responsible for the personal actions of their agents.

  4. For example, a bank may waive its obligations in the event of a breach of privacy due to legal regulations.

  5. Legal experts are available at seminars to help clients minimize inheritance tax liability.

  6. Therefore, foreign companies are not subject to capital gains tax.

  7. Irish income tax will not be levied if income from overseas employment contracts is not remitted to Ireland.

  8. No one now knows what criminal liability is under federal law.

  9. The city was prosecuted for the negligence of its employees due to the responsibilities of its representatives.

  10. At one point, there was some confusion over the responsibilities of the employer's representative.

  11. Action was taken against the mediator, for which the federal government accepted indirect responsibility.

  12. If the buyer proves that the item is defective, liability is imposed regardless of the outcome.

Synonyms of Liability

answerability, legal responsibility, debit, handicap, indebtedness, debt, burden, encumbrance, responsibility, nuisance, inconvenience

Insurance:

Meanings of Insurance:
  1. The process or arrangement under which a company or government agency guarantees some loss, injury, illness or death in return for premium payments.

  2. Insurance business.

  3. Payment for insurance.

  4. Payment is made under the insurance policy.

  5. Anything that provides protection against possible emergencies.

Sentences of Insurance
  1. In large corporations, group health insurance protects individuals from costly situations by making them less expensive.

  2. Identity theft is so common in the UK that many companies now offer insurance to protect victims of this increasingly common type of fraud.

  3. The need for adequate insurance protection is also growing.

  4. Nothing will be insured.

  5. In this case, private insurance is no longer possible.

  6. If your parents now rely on care, insurance may not allow it.

  7. When security fails, the military cannot buy insurance for its own protection.

  8. This could be due to rumors that people were caught speeding or that driving without insurance could avoid a lawsuit.

  9. Can relying on parental insurance significantly increase camp health costs?

  10. The best protection is proper helmet insurance.

  11. Insurance protection also increases the equivalent of factory security.

  12. Disability insurance is designed to protect your most valuable assets, your ability to work.

Synonyms of Insurance

defence, financial protection, preventive measure, safeguard, safety measure, indemnification, protection, precaution, immunity, security, surety, shelter, cover, provision