From the category archives: Insurance Protection Blog

Nurse Practitioner

Nurse Practitioners opening their own Aesthetic Medical Practice or Medical Spa

More and more nurse practitioners are opening practices catering to cosmetic procedures. Dependent on the state, nurse practitioners can start their entrepreneurial business independently, without requirements for supervision by a Medical doctor while others mandate that a physician is involved in the practice on a supervisory/collaboration basis or even ownership basis. If you are considering an independent practice, be sure to check with your state nursing board prior to spending money on an injectable education and practice. States vary as to who can start a practice with/or employ a physician or even other nurses or aestheticians. You must also investigate whether your employees that are providing cosmetic procedures will require supervision. Again this varies state by state.
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Do I really Need to buy Professional Liability Insurance as a Laser Technician, Aesthetician or Electrologist?

In our 25 years of experience working with professionals, I think the best answer to this question is personal responsibility of mind there is nothing more unsettling than persistent sometimes automated aggressive legal counsel making demands and threats that potentially can undermine everything you worked for, including your carefully guarded reputation. Professional liability insurance policy brings with it a team of experts, attorneys, accountants and counselors to come to your defense so that you can continue to work.
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Are you a Nurse Practitioner Looking for Coverage for your Supervising Physician?

Many Nurse Practitioners need to add coverage for their supervising physician. Adding coverage for a supervising physician could be very expensive (about $3K for 10 hours or less per week) and that’s why we recommend applying for Medical Clinic Liability Insurance coverage for some of our clients.

We have relationships with competitive markets for Medical Clinics. These Medical Clinic Liability Insurance policies can provide coverage for medical doctors, mid-level providers, nurse practitioners, medical assistants and anyone else you employ or contract with to provide these services.
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Advanced Practice Providers Need Affordable Professional Liability Policies

The Doctors Insurance Agency and O'Brien Insurance Services has been working with advanced practice providers in both clinical and aesthetic settings for over 25 years.

We wanted to share in this blog some of the common questions we receive from these healthcare providers:
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Nurse Owned Clinics and the Medical Malpractice Insurance

For over 15 years our medical malpractice insurance agency provided Nurse Practitioners Professional Liability Insurance in a shared limit capacity by adding them to a medical doctors medical malpractice insurance policy.

Increased Access

And because it is less expensive to compensate nurse practitioners and because they provides an excellent care and spend more time with patients, physicians and all specialties have been adding these mid-level practitioners to their policies. Often times doctors will sign independent contractor agreements that drive their decision to purchase their own professional liability insurance policy.
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Nurse Practitioners Practices are Growing

Many Americans use Nurse Practitioners (NPs) for much of their health care needs and NPs are now fully accepted by both health care consumers and most other care providers as an important and necessary part of our health care solution going forward.

If we are to hit the overarching goal of the Affordable Care Act, Nurse Practitioners and Physician Assistants are going to play a part in this.  The affordable  care act has, at its core, the three difficult goals of providing health care to more people at higher-quality for less money. The Doctors Insurance Agency provides affordable malpractice insurance plans for physicians,  facilities,  nurse practitioners, physicians assistants  and many allied  healthcare providers.
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The growing area of Health Care - Nurse Practitioners

In a category along with expanding dermatology and plastic surgery and pain management practices, nurse practitioners have to be among the fastest-growing, opportunistic and useful sections of the healthcare industry. The Doctors Insurance Agency has been writing medical malpractice insurance for medical doctors, medical groups, hospital systems, and other niche areas of healthcare for over 25 years.   Recently we have formed close relationships with specialty liability insurance companies which write  independent, stand-alone part-time nurse practitioner policies.
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The Affordable Care Act and the Nurse Practitioner’s Liability

The Affordable Care Act and the Nurse Practitioner’s Liability The two most common questions posed by our Nurse Practitioners are the following: 1)      Should I maintain my own separate limit or share a limit with the physician for whom I am working 2)      Do I purchase a claims made or occurrence policy. Sharing Limits historically with the physician In our experience, looking back over many years of insuring physicians who hire and supervise, work hand in hand with our Nurse Practitioners, the answer to that first question has been overwhelmingly SHARE limit with the supervising physician. Experience in claims supports that the allocated settlements are not so large against the nurse practitioner, the liability ‘flows up to the highest credentialed, supervising physician.  This is the ‘Captain of the Ship’ Doctrine based on old Maritime Law.  The moment the discovery gets to the point of the p ...
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Physician Trends, Malpractice Insurance Rates and Telemedicine

There are many changes that are presenting on to the market. Conventional wisdom holds that rates for the medical malpractice insurance carriers will increase soon.  And, yet, According to Crittenden (our favorite source for medical malpractice insurance industry news), The majority of medical malpractice insurance carriers will keep professional liability rates stable. The Affordable Care Act will eventually change the rates and the delivery system significantly; and, many insurance carriers will confess to some uncertainty about whether  holding rates stable is the right decision.   The physician shortage and the possible effects of the Affordable Care Act will bring uncertainty and lack of confidence,  so  the rate stability is  one of habit, some fear and a lot of competition in the m market. There is some evidence, some data that suggests the rates should increase.  And, right now, there is still sufficient reserve and capital strength from this ...
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