Should I Carry Malpractice (Liability) Insurance? Should I Carry Malpractice (Liability) Insurance? - pg.18 | allnurses

Should I Carry Malpractice (Liability) Insurance? - page 18

This question comes up frequently and is asked of me quite often, "should I carry malpractice insurance?" "What is malpractice?" Simply put, it is a failure to adhere to a standard of care... Read More

  1. Visit  tokmom profile page
    Quote from RiskManager
    Bear in mind that NSO is just the insurance agent. CNA is the insurance company that writes the actual policy. NSO just collects the premium, passes it along to CNA minus the commission, and does some servicing of the policy. You have two real choices for the insurance, CNA or Liberty Mutual. You can buy the policies from other insurance agents, and you need not go through NSO or ProLiability, the agent for Liberty Mutual.
    So can we just google CNA an go straight through them an leave out the middleman?
  2. Visit  RiskManager profile page
    Quote from tokmom
    So can we just google CNA an go straight through them an leave out the middleman?
    I am pretty sure that for individual nursing coverage, CNA is not a direct writer. This means that you cannot buy CNA insurance directly from CNA, you have to go through an agent. If you already have an insurance agent that handles your auto, renters or homeowners, etc., I would ask that agent if they can place the coverage for you.
  3. Visit  suseliz profile page
    Absolutely. I have for 40 years.
  4. Visit  Tiffany, RN profile page
    I work in mental health and recently arrived on the unit as the only nurse for 17 patients. Therefore I'd like to be protected. I just have a few questions:

    How do you know if the insurance is occurrence based or claims made? I've been going to different sites getting quotes but they don't mention which type they provide only the limits. Also what limits do you recommend?
  5. Visit  smartnurse1982 profile page
    I have Liberty Mutual for my car and home insurance.

    I had no idea CNA and Liberty Mutual were the same company.

    If that is the case i could have signed up for coverage through my homeowner's policy(Umbrella policy)
  6. Visit  RiskManager profile page
    Quote from smartnurse1982
    I have Liberty Mutual for my car and home insurance.

    I had no idea CNA and Liberty Mutual were the same company.

    If that is the case i could have signed up for coverage through my homeowner's policy(Umbrella policy)
    CNA and Liberty Mutual are two different insurance companies. NSO is the major broker for CNA and ProLiability is the major broker for Liberty Mutual. You cannot get healthcare professional liability insurance for malpractice through your homeowners' or a personal umbrella policy. A personal umbrella provides you with an additional layer and additional liability coverages for your homeowners' and auto policy. It does not provide any liability coverage for professional or business activities. There has been much litigation over the years in which people have sued to have their umbrella policy cover them for professional malpractice, such as architect, engineer, lawyer, physician, etc, and they have all failed.
  7. Visit  RiskManager profile page
    Quote from Tiffany, RN
    I work in mental health and recently arrived on the unit as the only nurse for 17 patients. Therefore I'd like to be protected. I just have a few questions:

    How do you know if the insurance is occurrence based or claims made? I've been going to different sites getting quotes but they don't mention which type they provide only the limits. Also what limits do you recommend?
    Most individual nursing liability policies are occurrence, but you are indeed wise to check. If it does not say on the website, look for a sample policy on the site. The policy language, right at the beginning of the policy, will say if it is occurrence or claims made. In terms of policy limits, I generally recommend $ 1 million. If someone asks me for a recommendation on where to place the coverage, I tell them to go to NSO for the CNA policy or to ProLiability for the Liberty Mutual policy. CNA is by far the largest writer of nursing policies in the country.
  8. Visit  smartnurse1982 profile page
    Geico has on their page that Umbrella insurance can work in conjunction with your standard malpractice insurance.
  9. Visit  RiskManager profile page
    Quote from smartnurse1982
    Geico has on their page that Umbrella insurance can work in conjunction with your standard malpractice insurance.
    You are referring to this page: Umbrella Insurance is for Professionals too! | GEICO

    A personal umbrella policy is over your personal auto and homeowners policies. It is not a substitute for, nor does it provide any professional liability coverage. You will note that the Geico page does not say that the personal umbrella provides any professional liability coverage but instead refers to an additional layer of coverage for your personal assets for personal liability such as auto and homeowners. When you read the personal umbrella policy language, you will find there is a specific exclusion for business and professional activities.
  10. Visit  sirI profile page
    If you are having difficulty about types of coverage that you do not see on a business website (FAQ, Coverage, etc.), send an email inquiry.

    For example:

    NSO has it spelled out here: What is the difference between occurrence and claims-made coverage?

    If you are not sure whether your policy through NSO is occurrence or claims-made, please email us or call us with your policy number, and we'll confirm your coverage for you.
    And, allnurses Medical Malpractice Insurance addresses the 2 types here: Is this Claims Made or Occurrence coverage?

close