Rumored Buzz on What is Professional Liability Insurance? - Small Business

For people or small companies with premiums of $1,000 or more, Master, Card or Visa might be used to pay your expert liability premiums.

The Treasury, Postal Service, General Federal Government Appropriations Costs for Fiscal Year 2000 signed by the President on September 29, 1999, needs firms to use funds appropriated for salaries and expenses to pay a quantity not to surpass half the expenses for qualified staff members who elect to purchase professional liability insurance.

Policy Operating Units need to reimburse any competent worker within their company not to surpass one-half the expenses incurred by the worker for expert liability insurance premiums. By Click Here For Additional Info , organizations shall repay approximately half the expense of professional liability insurance coverage for qualified staff members. To guarantee the fair application of this arrangement, Department operating systems will pay one-half the cost, not to go beyond $150.

Compensation will be issued through the Department's automated personnel/payroll system, the National Finance Center (NFC), through Direct Deposit/Electronic Funds Transfer (DD/EFT). Payment for reimbursement of Expert Liability Insurance premiums will be made in one swelling sum payment after the whole premium is paid and the Specialist Liability Insurance Coverage Compensation Claim Type and all required documents is supplied to the servicing human resources office (SHRO) by the worker.