Facility Insurance Requirements for Staffing Agency???

Nurses Entrepreneurs

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Specializes in ER, ICU.

I am starting up my own agency, finally, and I'm close to opening my doors. One of the few things I have left to do is research insurance requirements. I was wondering if anyone here can give me a ballpark figure of what hospitals generally require in terms of coverage. Specifically, I'm looking for Per Incident and Aggregate coverage for professional and general , as well as the insurance ratings required by hospitals. Any other information you think will be helpful will... ummm... be helpful. :D

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Check out NSO. They have online info and quote form for business owners. Staffing agency is one of their listed businesses.

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1/3 million professional liability, 1/1 general liability. Currently my NSO/HPSO policy is providing 1/6 professional liability standard. Presumably that means that that level is not an unusual hospital requirement.

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Specializes in ER, ICU.

Thanks, NedRN! That is what I was expecting. For some reason, though, all of the quotes I've been recieving are for 200/600k. I figured since they specialize in insuring staffing agencies, they would have quoted me on the 1/3M policies. When I asked NSO about higher limits, they told me they don't provide policies with higher limits, but that they would forward me to Affinity Insurance (?) who does. I have yet to get in contact with them.

Interestingly, I did some reasearch and found that, here in Texas, legislation has placed caps on malpractice suit damages to $250,000. I'm wondering if that has something to do with the quote limits I'm recieving.

NedRn... what state are you in, and do they have similar caps?

Carlitos

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