FAQ

FAQ

What does PLBC stand for?

When was PLBC founded?

Does PLBC work with brokers from all states?

What is professional liability insurance?

What areas does PLBC specialize in?

Why should I purchase professional liability coverage?

Why should I use PLBC to obtain my professional liability insurance?

What is the difference between a policy written on an occurrence basis versus a claims made basis?

How does a "claims made" policy work?

What is a Retroactive Date?

What is an Extended Reporting Period?

What is a "duty to defend" policy?

Does the insurance company need my consent to settle a claim?

Are my independent contractors covered?

Does a separate limit apply to my corporation?

Can we add other companies to my policy as an additional insured?

Does the Producers Agreement require a commitment to produce a certain annual premium volume?

How do we bind coverage?

Do we need to sign a Producers Agreement?

Does PLBC represent several companies or just one?

Does PLBC have underwriting authority?

Can PLBC file the surplus lines taxes for us?