Print

Resources >> Browse Articles >> Nursing Trends

Resources >> Browse Articles >> On the Job

+5

Malpractice Insurance 101

Malpractice Insurance 101

Georgia Price | NursingLink

What is Medical Malpractice Insurance?

Medical malpractice insurance, also known as “Professional Liability Insurance,” covers a healthcare professional in a myriad of ways. While each policy is different, they all cover many of the same things, including:

• Coverage for each claim
• Aggregate coverage for all claims
• Coverage of defense costs
• Deposition representation
• License protection
• 24-hour coverage (typically only provided by insurance you purchase yourself)

Some companies may also include:

• Assault coverage
• Personal liability coverage
• Personal injury coverage
• Medical payments
• Coverage of damage to others’ property

There are two kinds of medical malpractice insurance – Occurance and Claims Made.

Occurance coverage is very rare these days, so consider yourself lucky if you have it! Occurance coverage covers incidents during the policy period no matter when the claim is reported. For example, if you had occurance coverage from 1995-1996 and yesterday a claim was filed against you for an incident that happened in May of 1995, you would be covered by the insurance agency (or employer) whose policy you held at the time.

Claims Made coverage is offered by most employers and insurance companies. With Claims Made coverage, the incident must have happened and be reported to the insurance company while the policy is in force. Once the policy is ended, so had the coverage. This means that if the above incident happened, you would not be covered. However, you would be covered if the claim was reported in May of 1995 when it occurred.

Next: Who Should Get it? >>


NursingLink School Finder

Save time in your search for a nursing or healthcare degree program. Use NursingLink's School Finder to locate schools online and in your area.

Get Info

* In the event that we cannot find a program from one of our partner schools that matches your specific area of interest, we may show schools with similar or unrelated programs.