Larry Wilmore is the producer of Twilight.
Professional liability insurance -LRB- PLI -RRB- , also called professional indemnity insurance -LRB- PII -RRB- but more commonly known as errors & omissions -LRB- E&O -RRB- in the US , is a form of liability insurance that helps protect professional advice - and service-providing individuals and companies from bearing the full cost of defending against a negligence claim made by a client , and damages awarded in such a civil lawsuit .. liability insurance. liability insurance. negligence. negligence. civil lawsuit. civil lawsuit. The coverage focuses on alleged failure to perform on the part of , financial loss caused by , and error or omission in the service or product sold by the policyholder .. These are causes for legal action that would not be covered by a more general liability insurance policy which addresses more direct forms of harm .. liability insurance. liability insurance. Professional liability coverage sometimes also provides for the defense costs , including when legal action turns out to be groundless .. Coverage does not include criminal prosecution , nor a wide range of potential liabilities under civil law that are not enumerated in the policy , but which may be subject to other forms of insurance .. criminal prosecution. criminal prosecution. civil law. Civil law ( common law ). Professional liability insurance is required by law in some areas for certain kinds of professional practice -LRB- especially medical and legal -RRB- , and is also sometimes required under contract by other businesses that are the beneficiaries of the advice or service .. liability insurance. liability insurance. Professional liability insurance may take on different forms and names depending on the profession .. liability insurance. liability insurance. For example , in reference to medical professions it is called malpractice insurance , while errors and omissions -LRB- E&O -RRB- insurance is used by insurance agents , consultants , brokers and lawyers .. Other professions that commonly purchase professional liability insurance include accounting , engineering and financial services , construction and maintenance -LRB- general contractors , plumbers , etc. , many of whom are also surety bonded -RRB- , and transport .. liability insurance. liability insurance. accounting. accounting. engineering. engineering. financial services. financial services. construction. construction. transport. Transport industry. Some charities and other nonprofits / NGOs are also professional-liability insured .. charities. charitable organization. nonprofits. Nonprofit organization. NGOs. Non-governmental organisation. This type of insurance is in fact pretty common all over the world , being considered the main risk management instrument both for individuals and companies .. The regulation in force , though , may vary and there can be significant differences between a country and another ; in the European Union , despite the efforts at harmonizing the rules involved in this segment of the market , every country has its own framework legislation , resulting in a wide range of options .. In the recent past countries the like of Italy adopted a number of dispositions that introduced an obligation for every category of self employed professionals to acquire this form of insurance ; such obligation has become effective only with the definition of all the parameters .. Finaccord , one of the leading international market research and consulting companies , has esteemed that in the first 10 countries -LRB- Austria , Belgium , France , Germany , Italy , the Netherlands , Poland , Spain , Switzerland and the United Kingdom -RRB- the total value of this branch will raise from 2009 6.15 billion US dollars to 7.5 billions within the end of 2017 .