Professional Liability Insurance: 3 Questions to Consider

Professional Liability Insurance

Why you should consider professional liability insurance as a healthcare provider

You might be interested, curious or just want to learn more about the legal aspects of healthcare. One frequent topic of conversation is malpractice cases against nurses. You may know someone or a colleague who has had an action or claim as a nurse. As licensed healthcare professionals, nurses should exercise caution and take note of the important role insurance plays in managing both their professional and personal risk management. 

Following are the three questions to ask yourself to learn more about professional liability insurance.

What is professional liability insurance and what does it cover?

Professional liability insurance, sometimes known as medical malpractice insurance, protects licensed healthcare professionals (e.g., nurses) from liability associated with wrongful practices resulting in bodily injury, medical expenses and property damage, as well as the cost of defending lawsuits related to such claims.

Professional liability insurance generally covers allegations of negligence from the acts, errors and omissions in the rendering of professional nursing services. 

Why you may need insurance?

You may be required to have professional liability insurance for business or contract purposes. For example, independent contractors typically are required to have specific limits. 

If you are an employed nurse, you should check your employer’s policy to ensure it covers you for the services provided as a nurse. There may be gaps in your employer’s insurance such as:

  • Policy limits may not be high enough to protect you and all your co-workers 
  • Coverage may not include lost wage or licensing board reimbursement 
  • Coverage may not extend to services performed outside of the workplace, such as when you engage in volunteer, moonlighting, or self-employed services

How to evaluate coverage that is right for you?

The type and amount of coverage may vary based on your circumstances. The following provides an overview and things to consider when evaluating professional liability insurance for the individual athletic trainer. Keep in mind; you may contact an experienced liability insurance provider for more information.

Liability Insurance Checklist

  • Policy Form: Occurrence or Claims Made

Occurrence based coverage is the most common for nurses

  • Liability Limits

The most common limits purchased are $1 million per claim / $3 million aggregate. Be sure to check any contractual requirements for specific limits.

  • Legal Defense: 

Attorney expenses and fees may be included within or outside the liability limits.

  • Supplemental Coverages

Check to see if additional coverages are included such as: licensing board reimbursement, deposition expense, wage loss and expense, HIPAA, etc.

  • Review both the insurance provider and company for their experience and expertise in nursing.
  • Inquire if they are sponsored by national association

Tip: Check the FAQs online to learn more. 

Proliability, powered by Mercer has been providing professional liability insurance since 1949 and is recommended by more than 50 prominent associations. To learn more, visit www.proliability.com or call 1-800-375-2764 (7:30 am to 5 pm CT, M-F)

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