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professional liability - it would be funny if it did not hurt so much


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I just received a new professional liability policy from a carrier which is replacing Lloyds.

The policy is headed "Professional Liability Policy for Specified Professions"

The declarations page lists the occupation as "actuary"

Then, in the body of the policy we have "Exclusions ...This policy does not apply to any 'claim' ...arising out of .... Services as an attorney, accountant, actuary..."

I guess it could be worse. They could have added a surcharge to the premium.:confused:

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