Professional Liability Insurance, sometimes called E&O insurance covers judgments, settlements and the costs of legal defense that may arise from the conduct of your profession or the professional services you provide to your clients.
The named insured is the professional who purchased the insurance policy.
Professional Indemnity Insurance Malpractice Insurance Errors and Omissions Insurance
A Loss payee on a Professional liability Malpractice Insurance Policy would be the injured party claiming loss or damages as a result of the actions or in-actions of the Named Insured Professional
The practicing professional or organization is generally the named insured. The coverage provides for legal defense and or mediation costs of the insured as well as liabilities and judgements for losses of a client that arise from the conduct of the defined profession, up to the specified limits.
The "Professional",, would be the person or entity "Insured" under the contract.
Yes as long as the named insured is not a spouse, or if the spouse does not drive and does not have a drivers license the spouse can also be excluded.
A named insured person can be an excluded driver on an automobile liability policy in New Mexico, if the policy holder wishes to remove a driver from the policy. The policy holder will have to notify the insurance company to make the changes.
Individual added to a life insurance policy other than the insured named in the policy. For example, an insured father can have a dependent son and daughter added to the policy as additional insureds. In many instances, adding an additional insured to an existing policy is less expensive than purchasing a separate policy for that insured. In property and liability insurance: another person, firm, or other entity enjoying the same protection as the named insured.
No you are not liable as your daughter is the owner and named insured
YES
Severability of Interest is also known as "Seperation of Insured." here's some ISO forms that mention it;General Liability Form CG 00 01 12 04 on page 12There's also mention of it under the Business Owners Coverage Form BP 00 03 01 06 page 41.*****Separation Of InsuredsExcept with respect to the Limits of Insurance of Section II -- Liability, and any rights or duties specifically assigned in this policy to the first Named Insured, this insurance applies:a. As if each Named Insured were the only Named Insured; andb. Separately to each insured against whom claim is made or "suit" is brought. *****
A Broad Form covers the named insured to drive any owned or non owned vehicles (subject to restrictions). For liability insurance, be it one or twenty cars - it's the same price.
You have to be either named or you have to fit the definition of a named insured on the policy.