What does Practice Insurance Policy mean? Read on to discover the definition & meaning of the term Practice Insurance Policy - to help you better understand the language used in insurance policies.
Practice Insurance Policy
Term used to describe a policy that covers a professional's entire "practice," versus one that is written to apply to a specific project. The term is most commonly used in design liability insurance, where project-specific coverage is a common alternative to having design professionals provide their own insurance.
We hope the you have a better understanding of the meaning of Practice Insurance Policy.