What is Clinical Research Associate Malpractice Insurance?
Malpractice insurance for clinical research associates gives clinical monitors insurance coverage to protect personal assets and career status. In an increasingly complex regulatory environment, CRAs need to be well informed, while continuously engaged with sponsors to manage or monitor the clinical trial process. This important work done by clinical research associates leaves them susceptible to potential malpractice lawsuits, making clinical research associate professional liability insurance a must have.
What Risks Do I Face as A Clinical Research Associate That Warrants Malpractice Insurance?
Clinical research associates (CRA) are responsible for organizing, administering or monitoring clinical trials of new or current drugs in order to assess the benefits and risks of using them. Because of the accountability and risk involved in these medical testing environments, CRA malpractice insurance coverage should be a priority so you can focus on your job duties of managing clinical trials without the fear of personal risk in the case of a malpractice lawsuit or liability claim. Additionally, financial loss exposures in life science industries have potential to be immense. If found liable for malpractice, a company’s damages for the costs of reworking and reconstitution of a trial or the loss of future revenue will be their priority. Therefore, it is imperative for clinical research associates, whether self-employed or working at a hospital, lab, or other types of facilities, to have individual medical malpractice insurance for the protection of your personal interests, eliminating the risk of damages to your financial or career future.
Benefits of CM&F Malpractice Insurance Coverage
- Coverage Options up to $2 Million per Claim
- Full Consent to Settle Claims
- License Defense Coverage Included
- Sexual Misconduct Defense Included
- Add Additional Insureds At Anytime
- General Liability Available
- Defense Costs in Addition to Liability Limits
- HIPAA Defense Coverage Included
- Telemedicine/Telehealth Coverage Included
- 24/7 Portable Coverage That Covers You Everywhere You Go, Even in Volunteer, Per Diem or Contracted Work Assignments
Why Do I Need Clinical Research Associate Malpractice Insurance?
As a CRA working in a prestigious organization, such as a pharmaceutical company, medical research institute or government agency, having medical liability insurance is essential. Professional liability insurance for clinical research professionals protects you in the case of an actual error, an alleged error or an omission. Liability insurance for clinical research associates will keep personal assets safe and pay for unexpected legal fees in the event that a medical malpractice lawsuit or claim arises out of negligent behavior.
Want to know more about professional liability insurance? Visit our frequently asked questions or contact us.
CM&F Clinical Research Associate Insurance Coverage
For over 100 years, CM&F Group has been protecting healthcare professionals from potentially damaging lawsuits that arise from malpractice claims. CM&F is known for affordable insurance that delivers the best coverage on the market in the most simple way possible.
Your personal liability insurance policy with CM&F is portable, going wherever you go, even when you switch jobs, so you always know you’re covered.
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CM&F Means Peace of Mind
CM&F was founded over a century ago. Through up and down markets, CM&F’s dedication to healthcare professionals has never wavered. CM&F remains committed to making it easy and cost-effective to secure vital professional insurance coverage with:
- A++ Rated Liability Insurance & 4.8/5 Satisfaction Rating
- Outstanding Customer Service with a Direct Contact Line
- Superior Claims Management
- Fast Automated Application Process – No Paperwork!
- 24/7 Access to Your Personal Online Document Archive