Professional Liability Insurance

Employers carry insurance for their facilities. This coverage provides insurance to the employees. Still, many nurses choose to purchase individual coverage. Many experts support the decision to have professional liability insurance. A careful review of policy options before purchase is important to ensure that the terms of the policy meet the needs of the individual nurse. The two types of policies are:

• Claims made policy: This type of policy provides protection when the claim for nursing or negligence is made while the policy is in force (during the policy period or during extended coverage).
• Occurrence basis policy: This type of policy protects against claims made about events that occurred during the policy period or extended coverage period.

A “tail” agreement offers extended coverage for periods when a nurse is exposed to professional liabilities but no longer has a claims made policy.