Risk management is an absolute necessity for any company, but it can prove to be even more critical for healthcare organizations and individual licensed medical professionals. Even with legislative intervention, malpractice suits remain relatively common and are one of the largest threats to a company’s or professional’s solvency and ability to supply the best medical care possible. Along with general liability and other insurance products, NSO malpractice insurance becomes a critical investment for doing business in the 21st century.
Understanding NSO Malpractice Coverage
Malpractice insurance for nursing professionals and organizations is typically classified as a professional liability policy. This type of coverage is built to handle errors, omissions or negligent acts committed while doing business. For medical practitioners, it addresses claims involving bodily injury, property damage and personal injury.
Individual licensed professionals usually carry their own policies, but nursing and allied health organization may opt to purchase NSO malpractice insurance along with general liability and other kinds of products crafted to address specific parts of their risk picture:
- Data security and privacy
- Abusive acts and sexual misconduct coverage
- Occurrence liability
- Hired auto and non-owned auto
- Commercial auto coverage
Expert Assistance for Your Insurance Issues
Never underestimate the security, power and protection that the right kind of NSO malpractice insurance can provide. To get the best coverage possible, it’s a good idea to select an agency with healthcare industry expertise.