malpractice insurance

malpractice insurance
Liability *insurance taken by external auditors to cover potential legal action by *auditees (and others) dissatisfied with the auditor’s work. From the 1980s the suing of external auditors has become increasingly common, and in addition to malpractice insurance many large audit firms have taken the step of converting from *partnerships to *corporations to reduce the personal liability of individual audit partners.

Auditor's dictionary. 2014.

Игры ⚽ Поможем написать реферат

Look at other dictionaries:

  • malpractice insurance — noun insurance purchased by physicians and hospitals to cover the cost of being sued for malpractice obstetricians have to pay high rates for malpractice insurance • Hypernyms: ↑insurance …   Useful english dictionary

  • Malpractice Insurance — A type of professional liability insurance purchased by health care professionals (and sometimes by other types of professionals, such as lawyers). This insurance coverage protects health care providers against patients who sue them under the… …   Investment dictionary

  • malpractice insurance — See: professional indemnity insurance …   Accounting dictionary

  • malpractice insurance — See professional indemnity insurance …   Big dictionary of business and management

  • malpractice insurance — See physician s liability insurance …   Ballentine's law dictionary

  • Insurance — This article is about risk management. For Insurance (blackjack), see Blackjack. For Insurance run (baseball), see Insurance run. In law and economics, insurance is a form of risk management primarily used to hedge against the risk of a… …   Wikipedia

  • insurance — A contract whereby, for a stipulated consideration, one party undertakes to compensate the other for loss on a specified subject by specified perils. The party agreeing to make the compensation is usually called the insurer or underwriter; the… …   Black's law dictionary

  • insurance — A contract whereby, for a stipulated consideration, one party undertakes to compensate the other for loss on a specified subject by specified perils. The party agreeing to make the compensation is usually called the insurer or underwriter; the… …   Black's law dictionary

  • insurance — noun /ɨn.ˈʃɹ̩.ɨns,ˈɪn.ʃə.ɹɨns/ a) A means of indemnity against a future occurrence of an uncertain event. The car was totalled, but fortunately I had insurance. b) The business of providing insurance. After five years in banking, I switched to… …   Wiktionary

  • insurance — Synonyms and related words: accident insurance, actuary, annuity, assurance, aviation insurance, bail bond, bond, business life insurance, casualty insurance, certificate of insurance, court bond, cover, credit insurance, credit life insurance,… …   Moby Thesaurus

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”