Healthcare Risk Specialists | Services | Customized Solutions

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Customized Solutions | Professional Nurse Staffing Solutions

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At HealthCare Risk Specialists, we realize that the insurance needs of Professional Nurse Staffing companies are unique. By analyzing your company's current liability programs, risk profile, and geographic locations, we are able to identify and structure a program to meet your liability needs.

Our national presence and market expertise leverages our relationships with a broad range of insurance carriers. This provides you with multiple options for coverage. If you would like us to assess your current coverage and develop a customized program to fit your nurse staffing organization, please contact HealthCare Risk Specialists.

Our Nurse Staffing Solutions include:

Professional Liability Insurance
Directors and Officers Insurance
Employment Practices Liability Insurance
Errors and Omissions Insurance

Nurse Staffing Professional Liability Insurance
Professional liability insurance protects entities and their personnel against potential negligence claims made by their patients. Our coverages range from individual provider limits to slot rating and FTE programs that protect the provider and the entity – without the need to "tail" out the providers who leave the group. This provides the group flexibility in staffing and recruiting. Additionally, we can insure multiple disciplines on the same policy (i.e. CRNA, CNM, APRN, R.N.)

Program may include:

Limits of liability available from $200,000/600,000 to $15 million
Includes General Liability
Structured to include coverage for Medical Directors
Coverage for defense from licensing board and Department of Health complaints
Consent to settle a claim
Sexual harassment coverage available

Directors and Officers Liability Insurance (D&O)
Directors and Officers Liability Insurance, or "D&O", provides financial protection for the directors and officers of a company in the event they are sued in conjunction with the performance of their duties as it relates to the company.

D&O insurance is required when a board of directors is assembled and by investors as a condition of funding the company. Most demand to be protected rather than put their personal assets at risk. Additionally, simply having employees opens management up to employment practices lawsuits – which constitute over 50% of D&O claims.

Employment Practices Liability Insurance (EPLI)
EPLI provides protection for an employer against claims made by employees, former employees or potential employees. It covers discrimination (age, sex, race, disability, etc.), wrongful termination of employment, sexual harassment, and other employment related allegations.

Why Private Companies Should Consider Buying EPLI Coverage?

Employers are facing increasing legal obligations while managing their workforces;
Increased awareness and visibility of employment related lawsuits;
Settlements can have a significant impact on the company's financial stability;
Cost to defend against employment suits is high regardless of the outcome;
An employment lawsuit, if not handled properly, can cause irreparable harm to a company's reputation;
Lawsuits based on language in employee handbooks and other written policies and procedures are increasingly common;
Compliance with laws in the workplace is costly, requires expertise, monitoring and training; and
Commercial General Liability policies are not adequate to respond to EPL matters

Errors and Omissions Insurance (E&O)
Errors and Omissions (E&O) covers you and/or your company in the event a claim is made against you for a service you provided, or failed to provide and the customer did not receive the outcome they were promised. Coverage includes legal defense costs, no matter how baseless the allegations. E&O will pay for any resulting judgments against you, including court costs, up to the limits of the policy. Coverage extends to your employees and independent contractors.

Nurse Staffing consumers need to use caution when purchasing this coverage as many policies exclude Peer Review Credentialing - which is a critical coverage area for this industry. At HealthCare Risk Specialists, we have several carriers that include Peer Review Credentialing within their E&O coverage.