Malpractice Insurance Question

[jk2185, BSN, RN]

What does a 2mil/6mil aggregate coverage entail?

Im not sure how all this works...what's the difference between the 2mil coverage and aggregate coverage?

[RiskManager]

When you see policies written as 1/3, 2/5, 5/9, etc., that refers to the policy limits per claim and in the aggregate. 2/6 million means that for any one claim, the insurance company will pay a maximum of $ 2 million on that case. The $ 6 million means that the insurance company will pay a maximum of $ 6 million for all of your claims in that one policy year, or the aggregate amount. So CNA would pay up to $ 2 million per case, and up to $ 6 million for all your cases in the 2016 policy year. It is exceedingly rare for any one provider to have more than one case in a year, and if you are ever in a situation in which CNA is paying $ 6 million for all your cases in that year, you most likely will not have a license to practice, since that number of cases would mean there is something seriously wrong with your practice.