Glossary

Public officials liability insurance provides liability coverage for the errors and omissions of public officials.

Public or livery conveyance use involves the transporting of people and/or goods for hire, such as by a taxi service, motor carrier, or a delivery service.

The public policy exception is a common law remedy to the employment-at-will doctrine that has been created by the judicial system.

The Public Risk Management Association (PRIMA) is an association of governmental risk managers that publishes a monthly magazine, sponsors seminars and an annual conference, and provides other services to its members.

Publishers liability refers to liability of a book, periodical, or other type of publisher arising from acts such as plagiarism, libel, or copyright infringement.

Punitive damages are damages in excess of those required to compensate the plaintiff for the wrong done, which are imposed to punish the defendant because of the particularly wanton or willful nature of their wrongdoing.

Authorized by the Liability Risk Retention Act of 1986, a purchasing group is a group formed to obtain liability coverage for its members, all of which must have similar or related exposures.

A pure captive refers to a captive insurance company with one corporate owner, insuring only the risks of the parent organization or its subsidiaries.

A pure claims-made policy is a type of claims-made policy requiring that a claim be made against the insured during the policy period for coverage to apply.

Pure endowment refers to an endowment payable at the end of the policy period if the insured is alive.