As a nurse you can be held personally liable for a number of work-related claims. Whether it’s for medical negligence or a cyber data breach, you can be held responsible even if you are not at fault. For that reason, it is important to understand all of the nurse liability insurance coverage options offered through CM&F. Nursing malpractice insurance coverage is a basic necessity for all active professionals, and adding on a few coverage options below can ensure your career, assets, and future are fully protected. CM&F’s superior professional liability nursing insurance coverage offers healthcare workers peace of mind and the ability to work without fear of litigation.
Professional liability insurance for nurses, also known as nurse malpractice insurance, protects nurses from claims associated with wrongful practice resulting in bodily injury, medical expenses and/or property damage, as well as the cost of defending lawsuits related to such claims. There are two types of nursing malpractice insurance coverage: occurrence and claims-made policies. Occurrence policies accommodate long tail events, or situations that don’t produce lawsuits or claims right away. A claims-made policy offers coverage only when a claim is filed during a policy period. While a claims-made policy may have a lower premium than occurrence, a claims-made policy owner may need tail coverage to protect themselves from claims made after the policy expires.
Workplace liability insurance protects business owners from financial losses should an employee or patient be injured in the workplace. The injury can be both work-related, or simply just an unfortunate accident. All of CM&F’s nurse group professional liability insurance policies include workplace liability coverage.
General liability insurance for nurses covers physical risks, such as bodily injury or property damage. It differs from professional liability insurance, which is coverage for errors and omissions in provider services. General liability is available as an add-on available to self-employed nurse individuals, as well as nursing group liability insurance holders with CM&F.
Cyber liability insurance covers the cost for a business to recover from a data breach, virus, or other cyberattacks where patient PII is compromised. It also covers the legal claims that result from a patient data breach. Nurse group business owners should invest in a cyber liability insurance policy to protect the future of their business.
CM&F was founded over a century ago. Through up and down markets, CM&F’s dedication to nursing professionals has never wavered. CM&F remains committed to making it easy and cost-effective to secure vital professional coverage with: