Glossary of Common Terms You’ll Find in Nursing Liability Insurance Policies
Assault Upon You – covers expenses which nurses can incur from a bodily injury or damage to their personal property resulting from an assault while traveling to and from their place of employment
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Assets – a resource with economic value, whether that be completely monetary, or a material resource
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Biomedical Defense – coverage that protects against claims alleging bodily injury or damage arising from biomedical waste
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Damages Incurred – charges or punishment that a nursing professional is obligated to pay as a result of a malpractice dispute before malpractice insurance benefits are paid out
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Deductibles – the amount of money a nursing professional must pay before the insurance company will finance a claim
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Deposition fee coverage – financial assistance for fees that result from a deposition that the insured nurse is required to attend
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Employment Practices Liability – a type of liability insurance that covers wrongful acts arising from the employment process, including wrongful termination, discrimination, sexual harassment, and retaliation
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Extended Reporting Period – also known as tail coverage, extends coverage for incidents that happened during the time you had your policy, but a claim was not filed until after the policy was expired or canceled
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First Aid coverage – financial help to insured nurses in the event of an emergency that requires immediate attention. Expenses can cover things such as the cost of an ambulance or emergency medical procedures
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Good Samaritan coverage – protects an insured off duty nurses who offer help in an emergency situation. They are protected from liability claims if an injury or accident occurs.
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HIPPA Defense – covers expenses that result from HIPAA infractions
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Incident – an event or occurrence that spurred a liability or medical malpractice claim
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Insurance Claim – a request for benefit compensation as a result of a covered incident
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Liable – legal responsibility for an action
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License Defense coverage – assists insured nursing professionals with expenses incurred from protecting their professional license due to an investigation or proceeding originating from a malpractice claim
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Loss of Earnings coverage – provides assistance for lost wages, costs, and expenses due to an insured nurses’ required attendance at a trial, hearing, or arbitration proceeding as a defendant
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Medical Payment coverage – reimburses third parties for medical expenses incurred to treat injuries sustained arising from business activities
Negligence – the failure to exercise care that is reasonably expected of a nursing professional
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Nursing Professionals Insurance Policy – a contract between an insurer and a nursing professional who purchased insurance that details what the insurer is legally obligated to pay if an incident were to arise.
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Nursing Professional Liability Insurance – also known as malpractice insurance, provides nurses with financial and legal protection from injuries and damages to patients and or property
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Nursing Professional Malpractice Insurance – used interchangeably with nursing liability insurance or nurse professional indemnity insurance, malpractice insurance for nursing professionals is designed to personally protect nurses from claims of negligence or improper treatment
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Premium – monthly or annual payment amount nursing professionals pay for malpractice insurance
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Risk Management – the process of mitigating the chances of something going wrong
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Sexual Misconduct coverage – provides indemnity to insured nursing professionals for improper sexual misconduct claims including assault, harassment, defamation, or improper handling of misconduct allegations
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Workplace/Premises Liability – protects landowners and tenants when someone gets hurt on their property due to dangerous conditions
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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 nurse professional liability insurance coverage with: