What is professional liability insurance?
Why do you need it?
I need coverage only if I do something wrong
Unfortunately, that’s NOT the case. People sue for many reasons. Frivolous lawsuits occur every day. You may get sued and incur losses even if you did nothing wrong. That is the world we live in. Be prepared for the unexpected.
My employer’s policy already protects me
This may be true for many nurses and healthcare professionals, but it is not always true. Coverage gaps may exist in your employer’s policy and you’d be responsible for the difference. Also, your employer’s policy is likely designed to protect your employer first. That is different from protecting you personally.
Having a policy makes me a target of lawsuits
Unless you openly share its existence, no one knows that you are covered. Not to mention that, when a patient is injured, most lawyers sue everyone involved.
Who do we cover?
Through Fabiah.com, you can purchase complete, affordable malpractice insurance for registered nurses (RNs), nurse practitioners (NPs), physician assistants (PAs), home health aides, physical therapists, lab technicians, students, and many other health professionals.
In partnership with CM&F Group
What’s included in the coverages?
- Coverage Options up to $2 Million per Claim
- Full Consent to Settle Claims
- License Defense Coverage
- General Liability Available
- Defense Costs in Addition to Liability Limits
- Sexual Misconduct Defense
- HIPAA Defense Coverage
- Telemedicine Coverage
- 24/7 Portable Coverage That Covers You Everywhere You Go, Even in Volunteer, Telehealth or Moonlighting Assignments
Why choose Fabiah?
When it comes to insurance companies, you don’t always know the rating and experience of your provider. We have good news for you. The policies purchased through Fabiah.com are issued by top insurance carriers like Medical Protective, rated A++ (Superior) by A.M. Best. It is the nation’s oldest provider of healthcare malpractice liability insurance and it’s owned by Berkshire Hathaway. Trust the strongest carriers.
At times it seems like you insurance guys write things just to confuse people 😐
We agree with you. That’s why Fabiah was born! We think like you. We want to simplify things that appear complicated.
One of the most difficult ideas for most people to understand is the difference between occurrence-based and claims-made policies. So that you fully understand the difference, let’s define two terms: Claim and Incident.
A claim is simply an application or request for compensation for a loss
An incident is the act (or omission) that is the basis for the filing of a claim
Note that very often claims are filed months or even years after the alleged incident! This fact explains the difference between the two types of policies available for medical malpractice claims.