Final answer:
The statement in question is true; professional liability insurance covers injuries due to lack of skill or judgement by healthcare professionals such as physicians, surgeons, and dentists.
Step-by-step explanation:
The statement that physicians, surgeons, and dentists professional liability policy covers injuries which result from the lack of professional skill or judgement is True. Professional liability insurance, also known as medical malpractice insurance, is designed to protect healthcare professionals against liability arising from their medical services. This insurance coverage typically extends to injuries caused by the professional's failure to exercise the degree of skill and care that could reasonably be expected of a competent healthcare provider under similar circumstances.
Lawsuits stemming from medical services often involve complex questions of liability. For instance, determining who is at fault when a procedure guided by flawed protocols leads to a negative outcome can be complicated. Similarly, when faulty equipment is used, despite the healthcare providers following protocols closely, the equipment manufacturers might also face liability. The concept of moral hazard is also pertinent in the context of professional liability insurance, as it discusses how individuals may behave differently when they are insured, potentially leading to an increase in risky behaviors.