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The Geneva Papers on Risk and Insurance, 14 (No. 53, October 1989), 347-359
Liability Rules and the Cost of Professional
Indemnity Insurance
by Peter Cane *
Professional indemnity insurance (P11) basically protects the insured against the risk of
incurring legal liability to pay compensation to clients or third parties. It follows from this
that there must be some relationship between the cost of professional indemnity insurance
and the content of the legal rules which regulate
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