Professional Liability Insurance - Individual Coverage through HPSO
Are you counting solely on your employer's malpractice coverage?
Assuming you're fully covered could be costly. Find out the facts before you need the coverage. If you don't get clear, straightforward answers to these all-important questions, it's time you had your own individual policy.
Do I have enough coverage?
Today's astronomical malpractice awards can quickly exceed coverage limits. If you are named in a malpractice lawsuit and your legal costs and settlement or judgment exceeds your employer limits, you may need to make up the difference. With coverage through HPSO, you are covered individually for up to $1 million each claim and up to $3 million aggregate.
Am I covered when I am off-duty?
Most employer-provided policies cover you only when you're at work. That means you could be financially liable for contract work performed after hours, Good Samaritan assistance, volunteer activities or even casual advice to a friend or neighbor. Your policy through HPSO covers you 24 hours a day, 365 days a year.
Is my coverage shared with others?
If you're covered by an employer's policy, your liability limits may be shared by other defendants. Shared limits decrease your individual coverage and increase your personal financial liability. Even worse, in some states you could be found liable for the financial responsibility of others. Insurance through HPSO provides you 100% sole coverage with no shared limits, subject to policy limits.
Does your employer-provided insurance include license coverage?
In addition to being named in a malpractice lawsuit, one of the most serious risks that healthcare professionals face is the suspension or withdrawal of their license - without which you lose your ability to work. Employers rarely provide license coverage, and in fact, are often the source of the complaint. With coverage through HPSO, you will be reimbursed for your defense of disciplinary charges and other covered expenses arising out of a covered incident.
This program is underwritten by American Casualty Company of Reading, Pennsylvania, a CNA company, and is offered through the Healthcare Providers Service Organization Purchasing Group. Coverages, rates and limits may differ or may not be available in all states. All products and services are subject to change without notice. This material is for illustrative purposes only and is not a contract. It is intended to provide a general overview of the products and services offered. Only the policy can provide the actual terms, coverages, amounts, conditions and exclusions. CNA is a registered trademark of CNA Financial Corporation. Copyright © 2015 CNA. All rights reserved.
Healthcare Providers Service Organization is a registered trade name of Affinity Insurance Services, Inc.; (TX 13695); (AR100106022); in CA, MN, AIS Affinity Insurance Agency, Inc. (CA 0795465); in OK, AIS Affinity Insurance Services, Inc.; in CA, Aon Affinity Insurance Services, Inc., (CA 0G94493), Aon Direct Insurance Administrators and Berkely Insurance Agency and in NY, AIS Affinity Insurance Agency.