Professional or General Liability Insurance: What’s the difference? In simplest terms, general liability insurance covers claims for bodily injury or property damage for which you are legally liable. Professional liability covers claims for economic loss caused by errors or omissions in carrying out your professional duties. You might think of it as physical damages as opposed to financial damages. While …Read More »
Elaine Matternas oversees Intercorp’s Real Estate Appraisers Professional Liability Program, now in its 22nd year. In that role, she has spoken and written on topics such as risk management for appraisers, file documentation, responding to claims and disciplinary actions, analysis of claim trends, and many other issues relating to appraiser liability. She was a journalist and magazine editor before entering the insurance field. Intercorp is a program manager and wholesale brokerage firm specializing in professional liability (primarily real estate related classes), and environmental liability. We invite your comments or feedback at firstname.lastname@example.org, or 800-640-7601.