Registered professional liability underwriter
What is a Registered Professional Liability Underwriter?
This is someone who has gained a qualification to work in the professional liability insurance industry. Also known as professional indemnity insurance, or errors and omissions in the US, this type of insurance aims to protect individuals and companies who provide professional advice or services from bearing the full cost of defending a negligence claim made by a client or any damages that may be awarded in a lawsuit.
Where have you heard of Registered Professional Liability Underwriter?
You might have heard of underwriters, who operate in many areas of the financial world. The work of an underwriter can include things like mortgages and other types of debt. Insurance underwriters operate in a similar way to mortgage underwriters, reviewing applications for coverage and accepting or rejecting applicants based on their risk analysis.
What you need to know about Registered Professional Liability Underwriter.
The Registered Professional Liability Underwriter (PLUS) qualification is awarded by the Professional Liability Underwriting Society in the US. In order to qualify, candidates have to pass several PLUS exams and have at least two years’ experience in the industry. More than 2,200 people have gained this professional qualification to date. Once qualified, the main function of an underwriter is to provide cover while protecting their company from risks that they feel will make a loss and issue policies at a premium that corresponds to their firm’s exposure to risk.