General liability insurance and professional liability insurance are two common types of commercial insurance, and there are obvious differences in insurance liability, compensation scope and application scope. From a professional perspective, this article will explain in detail the difference between professional liability insurance and general liability insurance, and explore their role and scope of liability in commercial insurance.
Definitions of general liability insurance and professional liability insurance
General liability insurance is a type of commercial insurance that focuses on the insured’s liability for third party property damage or personal injury caused by an accident. Professional liability insurance is a kind of insurance, mainly for those who need professional skills and knowledge of the industry, such as medical, legal, construction, etc., the insurer for the insured due to professional behavior caused by the third party property damage or personal injury to bear the liability.
Difference between general liability insurance and professional liability insurance
There are obvious differences between general liability insurance and professional liability insurance in the aspects of insurance liability, compensation scope and application scope.
Insurance liability
General liability insurance is the insurance liability for third party property damage or personal injury caused by an insured due to an accident, such as a car accident, fire, etc. The insurance liability of professional liability insurance is for the third party property damage or personal injury caused by the error or negligence of professionals, such as doctors, lawyers, architects and other professionals in the work of the loss.
Scope of compensation
The compensation scope of general liability insurance is for the property loss or personal injury of the third party caused by the insured due to accidents, such as car accident, fire, etc. The compensation scope of professional liability insurance is for third party property loss or personal injury caused by professional errors or negligence, such as the compensation cost caused by the death of patients caused by doctors because of poor medical skills.
Scope of application
General liability insurance is applicable to all industries and fields, as long as the insured caused by an accident caused by third party property damage or personal injury, general liability insurance can be purchased. Professional liability insurance is for industries that require specialized skills and knowledge, such as medicine, law, and construction.
The role and scope of liability of general liability insurance and professional liability insurance in commercial insurance
In commercial insurance, general liability insurance and professional liability insurance are both forms of insurance liability, but their roles and scopes of liability are different.
General liability insurance
General liability insurance is mainly applicable to all industries and fields, as long as the insured due to accidents caused by third party property damage or personal injury, you can buy general liability insurance. In these industries, due to the risk of various accidents, the coverage of general liability insurance is also relatively extensive.
Professional liability insurance
Professional liability insurance is mainly applicable to those industries that require specialized skills and knowledge, such as medical, legal, construction, etc. In these industries, due to the high requirements of professional skills and knowledge, the risk of professional responsibility is also greater. If the wrong behavior of the professional leads to the property damage or personal injury of the third party, then the insurer needs to bear the corresponding liability for compensation.
Scientific method for determining insurance liability
In commercial insurance, the insurer needs to determine the type and scope of insurance liability according to the specific situation of the insured. The scientific method of determining insurance liability includes the following aspects:
Risk assessment
The insurer needs to assess the risks of the insured, including the type, degree and frequency of the risks. Through risk assessment, the insurer can better understand the risk situation of the insured, so as to determine the appropriate insurance liability.
Laws and regulations
Insurers need to understand the relevant laws and regulations, including insurance law, civil law and other provisions. By understanding laws and regulations, insurers can better understand the legal basis and scope of insurance liability.
Experience accumulation
The insurer needs to determine the type and scope of insurance liability through experience accumulation. Through the analysis and summary of historical cases, insurers can better understand the characteristics and laws of different types of risks, so as to better determine insurance liability.
Conclusion
General liability insurance and professional liability insurance are two different types of commercial insurance, they have obvious differences in insurance liability, compensation scope and application scope. In commercial insurance, the insurer needs to determine the type and scope of insurance liability according to the specific situation of the insured, and also needs to take into account the differences between different insurance types. Only when the division of insurance liability is scientific and reasonable can the interests of the insured be better protected.
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