How to Choose Liability Insurance That Benefit You

Purchasing coverage for your practice is a necessary and important task. When considering liability coverage, it’s important to consider all aspects of the decision. How will your insurance company advocate for you and your practice? What should you consider when looking into liability coverage? Should you choose lower rates or higher coverage? While this can seem daunting, it’s important to answer these questions in the best possible way to benefit you and your practice.

There are a multitude of considerations when it comes to choosing and purchasing liability coverage. Finding a reputable, fully licensed and stable liability insurance company is vital. Look for a company that specializes in coverage for your field. For example, CARE provides physician focused, agent oriented coverage that is affordable for healthcare professionals, including but not limited to physicians, nurse practitioners, physical therapists, physician assistants, registered nurses, etc. 

A common mistake when healthcare professionals choose coverage is choosing the cheapest plan without understanding the cost benefits ratio. Don’t assume the least expensive priced insurance is what you should purchase. Inexpensive coverage may mean limited protection. Just like with other insurance policies, less expensive plans may reduce coverage such as putting limits to coverage of legal costs your company builds.

There are also multiple types of coverage to consider. Occurrence based coverage vs claims based coverage can result in vastly different costs and coverage issues. Try to choose a policy that applies to your practice best. Choose a company that will assist you not only during the process of choosing the best policy for you, but who will also assist in any case coverage is needed. CARE is physician focused, agent oriented, and equipped with prudent underwriters and assertive counselors who will assist you during the claims defense process.  

Another question to consider is the level of coverage provided by your employer. If you are insured by employer, agency, or an institutional policy find out to what extent this coverage protects you as an individual. You may want to consider getting coverage for yourself in addition to your employer’s coverage. Individual policies generally provide broader definitions of coverage, have fewer exclusions, include full separate limits for defending board complaints, and mitigate any divergence between the needs of the employer and those of the employee when a claim or complaint is filed.


Once you’ve decided to purchase liability coverage, you should understand the benefits to you and your practice that comes with affordable, satisfactory coverage. Contact us at CARE today to find a policy that will cover your practice, and let us put your worries to rest.



What You Need to Know about Liability Insurance

It’s no secret that 2020 has brought new challenges for all fields, but possibly the most impact has been felt by medical and healthcare professionals. Now more than ever, it is important to protect your practice from insurance claims and the liability attached to them. Common claims that professional liability insurance covers are negligence, misrepresentation, violation of good faith and fair dealing, and inaccurate advice. Professional liability insurance protects your practice against these claims.

Who needs coverage?

Any healthcare professional who is at risk of a medical malpractice suit needs professional liability insurance. Malpractice suits can have devastating effects on your practice. Medical malpractice happens when a patient’s health has negative outcomes as a result of a medical act (e.g., surgical development, a wrong pharmacological prescription). The types of healthcare providers who may need liability insurance include, but are not limited to:

  • Nurse Practitioners
  • Physical Therapists
  • Licensed Practical Nurses
  • Yoga Instructors
  • Personal Trainers
  • Physician Assistants
  • Nurse Anesthetists (CRNAs)
  • Registered Nurses
  • Optometrists

There are steps you can take to reduce your risk of medical malpractice suits. Keeping organized and detailed records, passing along a case you feel unqualified or unprepared for, and always maintaining professional behavior and boundaries are pillars of quality healthcare with minimal liability risk. However, the risk of malpractice is never zero. CARE can help provide coverage when an accident happens.

How can CARE help you?

CARE Professional Liability Association, LLC was founded as an alternative for physicians burdened by rising medical malpractice coverage premiums and the inability to find affordable, satisfactory coverage. CARE helps physicians protect themselves and their practices from loss. CARE is physician focused, agent oriented, and equipped with prudent underwriters and assertive counselors who will assist you during the claims defense process. Contact us at CARE today.



Cyber Insurance – What You Need to Know

In our current world, protection against cybercrime -ransom, hacking, computer system breakdown- is needed now more than ever. The first step in protecting your practice against cybercrime is to have strong passwords and firewalls in place. Awareness of scams is also vital. Abiding by HIPAA guidelines can avoid devastating financial and medical information risk. 


Penalties for noncompliance of HIPAA guidelines can range from $100 to $50,000 per violation (or exposed record) and have a maximum fine of $1.5 million per year for violations of an identical provision. Financial penalties are not the only punishment, as criminal charges for HIPAA violations can result in jail time.

As a provider, it is important to ensure all steps have been taken to protect not only against massive fines that could put an end to business, but also against cyber attacks themselves. There are many steps you can take to protect your practice against cybercrime. Companies can combat this heightened cyber risk by ensuring they have a good IT team in place, their technological infrastructure is set up correctly, and security measures are in place to educate employees and respond if an incident does occur.

Cyber security is constantly evolving. Technology changes rapidly, and as a reflection so do the specific cyber protection needs of a business. It’s important to ensure that your practice has proper coverage. An annual review of cyber insurance coverage, rather than the default renewal that most companies do, can be helpful in allowing you to find and correct risks to your practice’s cyber security before it’s too late.

 By staying educated and informed, you can minimize your risk of cybercrime impacting your business. Contact us at CARE today. We can help you minimize your risk to cyber attack related malpractice suits.