Generally, yes. ?It used to be unspeakable for lawyers, doctors, and other professionals to go without professional liability insurance. ?Things change, however. ?"Going naked" as the practice is sometimes called, is being discussed and being done by some professionals. ?This raises an interesting question. ?If a Professional is judgment proof and carries no medical malpractice insurance, would anyone go to the time and expense to file a lawsuit against this Professional?
Excerpt from The Complete Guide to Estate and Financial Planning in Turbulent Times (Collaborative Press, 2011) - Walt Dallas, Contributing Author
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