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What does accidental life insurance cover?
Group accidental life insurance is a type of life insurance policy that provides a lump sum payment to a policyholder’s beneficiaries in the event of death due to an accident. This type of insurance is often offered to employees as part of a workplace benefits package. The policy may also offer additional coverage, such as coverage for hospitalization or medical treatment expenses due to injury.
Accidental life insurance typically pays a predetermined benefit amount, depending on the policyholder’s age at the time of death. The benefit amount can range from a few thousand dollars to several million dollars, depending on the policy. In addition to death benefits, some policies may also provide additional benefits, such as coverage for disability or dismemberment.
Accidental life insurance policies are usually written on an individual basis, meaning that each individual is covered by their own policy. This allows for the policyholder to customize the benefits, such as the amount of coverage, the type of coverage, and the length of the policy term.
Do California attorneys need malpractice insurance?
In California, attorneys are required to carry professional liability insurance, often referred to as malpractice insurance. This type of insurance covers any claims made against an attorney for negligence or malpractice.
Malpractice insurance is an important protection for attorneys, as it provides a financial cushion in the event they are sued by a client. Without this coverage, attorneys could be held personally liable for any judgments awarded to the plaintiff.
Malpractice insurance is generally purchased through a specialized provider and can be tailored to meet the specific needs of the firm. Premiums will vary based on the type and amount of coverage purchased, as well as the attorney’s experience. It is important to note that malpractice insurance does not cover intentional acts of negligence or unethical behavior.