California is a state located on the West Coast of the United States. It is the most populous U.S. state, home to 1 out of 8 Americans, and is the third largest state by area (after Alaska and Texas). It is home to the nation's second and fifth most populous census statistical areas (Greater Los Angeles area and San Francisco Bay Area, respectively), and eight of the nation's 50 most populated cities (Los Angeles, San Diego, San Jose, San Francisco, Fresno, Sacramento, Long Beach, and Oakland). The capital city is Sacramento.
California is bordered by Oregon to the north, Nevada to the east, Arizona to the southeast, and the Mexican State of Baja California to the south. California's diverse geography ranges from the Pacific Coast in the west, to the Sierra Nevada in the east – from the Redwood–Douglas-fir forests of the northwest, to the Mojave Desert areas in the southeast. The center of the state is dominated by the Central Valley, a major agricultural area. California contains both the highest and lowest points in the contiguous United States (Mount Whitney and Death Valley), and has the 3rd longest coastline of all states (after Alaska and Florida). Earthquakes are a common occurrence because of the state's location along the Pacific Ring of Fire: about 37,000 are recorded annually.
At least half of the fresh fruit produced in the United States are now cultivated in California, and the state also leads in the production of vegetables. Other important contributors to its economy include aerospace, education, and manufacturing. If California were a country, as of 2012 it would have been the 9th largest economy in the world and the 34th most populous nation.
Professional Liability Insurance
Professional liability insurance (PLI), also called professional indemnity insurance (PII) but more commonly known as errors & omissions (E&O) 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. 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 potential causes for legal action that would not be covered by a more general liability insurance policy which addresses more direct forms of harm. 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. Professional liability insurance is required by law in some areas for certain kinds of professional practice (especially medical and legal), and is also sometimes required under contract by other businesses that are the beneficiaries of the advice or service.
Professional liability insurance may take on different forms and names depending on the profession. For example, in reference to medical professions it is called malpractice insurance, while errors and omissions (E&O) insurance is used by consultants, brokers and lawyers. Other professions that commonly purchase professional liability insurance include accounting and financial services, construction and maintenance (general contractors, plumbers, etc., many of whom are also surety bonded), and transport. Some charities and other nonprofits/NGOs are also professional-liability insured.
For more information about California professional liability insurance, give Mitchell & Mitchell Insurance Agency a call at 888-512-8878.