Cplic Rrg

CLOSED NOW

Today: 9:00 am - 5:00 pm

Tomorrow: 9:00 am - 5:00 pm

Is this your business?

Customize this page.

Hours

Regular Hours

Mon - Fri:	9:00 am - 5:00 pm

Professional Liability Insurance
In most states and situations, the independent adjusting company (“IA”) serves as a hired consultant to the insurance or self-insurance organization. This is commonly referred to as a relationship of agency. When hired to investigate a claim or under contract as a third party claims administrator, the IA firm becomes an agent of the insurance or self-insured organization, referred to as the principal. In such a relationship, the IA firm is only empowered to investigate and act upon a claim up to the level of authority conferred upon it by the principal (hiring organization). As with many topics covered by CPLIC Risk Management, the concept of agency and the limitations to authority conferred upon the IA from the principal must be acknowledged and staff trained to understand fully the limitations of the authority. Staying within the conferred authority in each and every claim assigned to the IA is a primary key to effectively managing the IA organization’s exposure to professional liability (Errors and Omissions). This concept is very important when considering the retention of an expert on a claim.

Provided by

Be the first to add a photo!

Hi there!
Be the first to review!

Click to Rate

Phone: (714) 731-7860

Address: 17742 Irvine Blvd, Tustin, CA 92780