Malpractice insurance for nurse practitioners provides NP professionals with protection from patients or coworkers who claim their negligence at work caused an injury. This could be a wrong diagnosis, a sexual assault claim, an infraction of HIPPA privacy laws, or any claims of negligence. While many employers may offer coverage against malpractice related claims, the interests of the employee are viewed as secondary.
With individual NP malpractice insurance coverage, the monetary coverage and policy benefits are guaranteed for the policy owner’s sole use. Nurse practitioner liability insurance protects you from litigation expenses, as well as gives you a team of industry experts that fight for your personal assets, professional credentials, and financial future.
There are two types of basic malpractice insurance policy options: Occurrence and Claims-Made. CM&F offers occurrence malpractice insurance for NPs, in addition to claims-made policies. An occurrence policy means that if a claim is made against a nurse practitioner regarding a past incident that occurred during a time they were previously covered under CM&F liability insurance, that claim will be covered by CM&F even if the nurse practitioner has since ended their liability coverage. Since most malpractice claims are made 18-24 months after an incident occurs, this type of protection is very important. Claims-made insurance policies only protect professionals if they have insurance at the time of the claim. With occurrence policy insurance, there is no need for nurse practitioners to renew or buy tail coverage should they choose to leave CM&F or retire.
CM&F malpractice insurance for nurse practitioners is portable, which means as the nurse practitioner moves, so does the coverage. CM&F’s malpractice insurance is attached to the individual NP, not their place of work. Not having your own, portable coverage separate from your employer’s shared policy limits your protection to duties performed for that sole practice. For nurse practitioners who moonlight, work at multiple places, or have private clients, a portable malpractice insurance plan is a must – and with CM&F, only one policy is required to cover the individual at any amount of workplaces.
CM&F was founded over a century ago. Through up and down markets, CM&F’s dedication to nurse practitioners has never wavered. CM&F remains committed to making it easy and cost effective to secure vital professional coverage with: