Primary vs secondary liability insurance: What's the difference?

摘要

The Professional Engineers Act requires mandatory professional liability insurance for Certificate of Authorizations holders. This article explains how such insurance fits in with PEO's regulatory role, what this means for businesses and individual engineers, and what insurance options are available. Lawsuits happen. Not only is that a fact of business, but a fact of life. Someone has a loss, usually financial, and believes that someone else is responsible The affected party calls a lawyer and everyone else calls their insurance companies-if they have one-to find out whether they're covered.