Nurse practitioner group liability insurance, also called malpractice insurance, professional indemnity, or errors and omissions insurance, is vital to your business’s longevity should you, your employee, or your full practice be named in a malpractice lawsuit.
Even if you did nothing wrong, the out-of-pocket costs for legal defense is expensive. CM&F provides comprehensive professional liability insurance for NP practices that protects your business’s reputation and financial stability from the damages of lawsuits resulting from negligence, errors, or undelivered services. Additionally, CM&F’s professional liability insurance for nurse practitioner practices also covers Legal Defense costs as well as the payment of any Court Award or Settlement.
In the interest of providing the most comprehensive coverage possible, CM&F’s nurse practitioner group malpractice insurance fluctuates with the relevant laws that dictate scope of practice. Should the scope of practice for the insured change, your policy automatically includes those changes, so you never have to worry about a gap in patient care services covered.
All CM&F NP group malpractice insurance policies include workplace liability insurance to provide coverage for claims of bodily injury or property damage brought by patients. Additional general liability coverage is available as an add-on in the application process.
Nurse Practitioner Group General Liability
General liability insurance is vital to any business. CM&F’s general liability insurance for nurse practitioner groups provides coverage for claims of bodily injury as well as property damage that occurs in the facility where services are provided. Additional claims covered by general liability insurance include libel, slander, false arrest, malicious prosecution, wrongful eviction, as well as advertising injury.
NP group general liability insurance is available as an add on to your professional liability insurance policy. Also, landlords & equipment lessors coverage can be added to your general liability insurance policy at no extra cost.
Cyber Liability Insurance for Nurse Practitioner Organizations
As the world becomes more and more technologically dependent each day, cyber liability insurance for nurse practitioner practices is extremely important to protect your business and it’s reputation.
Due to the costly repercussions of a cyber hack or patient data breach, over 60% of small to medium size practices are forced to go out of business. The cost of notifying patients averages $460 per individual, per hack – more than triple of what it costs for a retailer to notify their customers that a cyber security incident which has occurred.
CM&F’s nurse practitioner group patient data theft insurance is an optional add-on coverage available to CM&F clients. Get a quote for professional liability insurance with additional cyber liability insurance protection.
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