Professional Liability Insurance - Individual Coverage through HPSO
"Protects your interests first and foremost"
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 $1,000,000 per claim and up to $3,000,000
aggregate.
Am I covered when I am off-duty?
Most employer-provided policies cover you only when you're working. 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. Coverage through HPSO protects 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
protection and increase your personal financial liability. Even worse,
in some states you could be found liable for the financial
responsibility of others. Coverage through HPSO gives you 100%
personal protection with no shared limits,
subject to policy limits.
Does your employer-provided insurance include license protection?
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 protection, and in fact, are
often the source of the complaint. With coverage through HPSO, you're
covered for your defense of disciplinary charges arising out of a
covered medical or non-medical 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 service mark and trade name registered with the U.S. Patent and Trademark Office.
Healthcare Providers Service Organization is a division of Affinity Insurance Services, Inc.; in CA (License #0795465), MN and OK, AIS Affinity Insurance Agency, Inc.; and in NY, AIS Affinity Insurance Agency.
