@article{Tsintsadze_Ivanishvili_2023, title={Sustainable Insurance and Professional Liability: An Empirical Analysis}, volume={12}, url={http://ecsdev.org/ojs/index.php/ejsd/article/view/1373}, DOI={10.14207/ejsd.2023.v12n1p35}, abstractNote={<p>Professional liability insurance combines types of property insurance for several categories of individuals who may cause material harm to third parties as a result of their professional activities. As market rivalry has strengthened with the development of a market economy, the demand for insurance protection has increased, and the presence of a professional liability insurance policy boosts the prestige and confidence of a professional in the eyes of his clients and business partners.</p> <p>In many nations throughout the world, professional liability insurance is a burgeoning insurance industry that brings profit to insurance firms and helps professionals maintain their activity and business stability.</p> <p>Given that professional liability insurance is becoming a strategically significant area of insurance, it is pertinent to examine the problems and prospects of its development, which largely determined the research task: empirical analysis determined the level of influence of factors affecting the development of professional liability; based on the analysis of the state of professional responsibility in the insurance market, the problems of the development of the sub-sectors were identified.</p> <p><em>Keywords: professional risk, insurance, object of insurance, professionalism, factor analysis</em></p>}, number={1}, journal={European Journal of Sustainable Development}, author={Tsintsadze, Asie and Ivanishvili, Maia}, year={2023}, month={Feb.}, pages={35} }