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Nursing Insurance

The presentation is an introduction to nursing insurance. It talks about the various risks that these healthcare professionals face, insurance policies that cover them from these risks, and factors influencing the costs of these policies.<br>In an industry where professionals deal with the health and safety of people, nursing professionals often find themselves burdened with commercial risks, ranging from lawsuits to workplace injuries. They face various risks, which include people risks, technology risks, and property risks.<br>Nurses will require some standard insurance policies such as: <br>1.tMedical malpractice insurance<br>2.tCommercial General Liability Insurance (CGL)<br>These policies also cover other healthcare professionals such as: <br>u2022tPhysicians<br>u2022tDentists<br>u2022tPediatricians<br>u2022tTherapists<br>u2022tParamedics, and other licensed health professionals. <br>Considering all these things, you can discuss your insurance needs with your agent or the insurer and find suitable nursing insurance. For more details on nursing insurance, follow this link: https://quotezebra.com/nursing-insurance/

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Nursing Insurance

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  1. Nursing Insurance A guide to securing your medical career!

  2. Risks that you may face as a nurse Your career as a nurse can expose you to risks of: • People risks: Nurses are accountable for their patients as well as their employees.  • Technology risks: With the world embracing the digital age with open arms, managing online privacy and digital records is a growing challenge for medical practices. • Property risks: Medical industry makes use of cutting-edge technology and complex equipment in their practice.

  3. What insurance coverages do nurses need? In order to mitigate risks, nurses will require some standard insurance policies such as:   • Medical malpractice insurance • Commercial General Liability Insurance

  4. Medical Malpractice Insurance Medical malpractice insurance covers healthcare professionals from claims related to related to: • Incorrect diagnosis or poor advice • Accusations of negligence, mistakes or oversights

  5. General Liability Insurance General Liability Insurance Policy covers you and your practice from claims that include: • Third-party property damage • Third-party bodily injury

  6. These standard insurance policies also work for: These standard insurance policies also work for: • Physicians • Dentists • Pediatricians • Therapists • Paramedics, and other licensed health professionals.

  7. What are the other insurance needs for the medical industry? The insurance needs of the medical industry vary as per the requirements of individual requirements.  You may need to insure your: • Property • Assets • Data • Employees

  8. What does nursing insurance cover? Commercial Property Insurance • Commercial property insurance provides coverage for your business assets that you use in your practice, including building, medical equipment and other assets.  • It protects your property from perils such as fire, theft, and natural disaster. 

  9. Business Owners Policy (BOP) • Business Owners Policy offer coverages that combine protection from all major property and liability risks in one package • The coverage usually is an integration of  • general liability insurance • commercial property insurance.

  10. Cyber Liability Insurance • Cyber liability insurance covers for financial losses resulting from data breaches and other cyber-attacks. • Cyber policies include • first-party coverages • third-party coverages.

  11. Workers Compensation Policy • A worker’s compensation insurance policy protects employees under state laws • The policy provides treatment, disability, rehabilitation and death benefits for health workers who are injured or killed on the job.

  12. Commercial Auto Insurance • Commercial Auto Insurance covers your business from claims resulting from property loss or injury from your commercial vehicle accidents.

  13. D&O Insurance • Directors and officers (D&O)  insurance is a coverage designed to protect you from personal losses if you are sued as a result of serving as a medical practice director or a medical officer of a practice.

  14. How much will healthcare professional insurance cost you? • Several factors influence how much coverage would cost you. These include: • Healthcare services offered • Business assets • Medical equipment • Number of employees • Revenue • Business location

  15.  As a healthcare professional, you spend your days helping people when they're most at risk. 

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