Whether you’re looking to do aesthetic procedures or clinical practice, employed, supervised or independent contractor, you may have to choose between separate or shared limits.
The choice will determine the premium that you pay for the protection. And, since I was just reading that there was $ 44 Million paid out against just Nurse Practitioners in the last five years, the decision of which limits to choose should be addressed.
Sharing limits is not free (as some suspect it should be), but rather it is less expensive! The addition of a shared limit risk (paramedical, allied or other medical professional) extends the risk of the supervising entity or physician, and, thus adds premium to the Named Insured.
Limit of Insurance Defined
The Limit of Insurance is the amount of coverage, the amount of money that the insurance company will pay on your behalf if you have a claim.
Some limits are set up so that the defense of the claim reduces the amount of insurance that ...
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