Insurance for nurse registries

Insurance for Nurse RegistriesTruths + Half Truths Demystified
Presented By:
Ian Norris, CIC
inorris@sabalinsurance.com
Sabal Insurance Group, Inc.
Fort Lauderdale, Florida
www.sabalinsurance.com--- 800 716 9948 Phone

Registry – Specific Issues
Employer v. Contractor
1099 Contracts / Agreements
Scope of Control
MVRs, Background Checks
Use of Overly Restrictive Forms / Waivers
Tax Considerations (re: Workers’ Compensation)
Registry (Corporate) Liability Concerns

Liability Insurance Basics
General Liability
Covers claims from bodily injury / property damage
Professional Liability
Covers claims from “professional” services provided to patients/clients
Limits of Coverage (Contractual Concerns)
“Additional Insured” v. “Certificate Holder”
Defense Costs + Awards
Auditable v. Non Auditable Policies
Sexual & Physical Abuse Coverage
Umbrella / Excess Liability Coverage

Caregiver Liability Insurance
Certificates of Coverage (New – Renewal)
An Additional Line of Defense!
Liability – Workers’ Compensation –Tax Matters
Payment / Record Retention
Sources:
C M & F 800 221 4904 www.cmfgroup.com
HPSO / NSO 888 288 3534 www.hpso.com

Auto Liability Basics
Hired + Non Owned Auto Liability
Limits of Coverage (Required / Suggested)
Caregiver Auto Insurance (Personal)
Patient Auto Insurance (Personal)
Owned Vehicles (Corporate)
Waiver Forms (When To Use / How To Use)

Workers’ Compensation
Under FS 440, an employer in the non-construction industry, who employs four or more part- or full-time employees, must obtain workers’ compensation coverage. Corporate officers are considered employees, unless they elect to exempt themselves from the coverage requirements of Chapter 440. Sole proprietors and partners in the non-construction industry are not considered to be employees unless they elect to be employees.
Retention of Caregiver Contracts
Retention of Liability Certificates of Insurance (Caregivers)
Evidence of Insurance (Corporate)
Claims (Defense Of)
Named Insureds (Registry v. HHA)

Crime / Employee Dishonesty
“Bonded” and Insured (Interchangeable Terminology…to a Point)
Third Party Losses
A Fidelity or Commercial Dishonesty Bond (also known as Employee Dishonesty) “third- party fidelity” applies to your client's property.
First Party Losses
“First-party” covers your property and
Use of independent contractors (1099s)
Conviction Clauses
Coverage Triggers
Enumeration of Internal Financial Professionals

Claim Management
Plaintiff’s Counsel
Workers’ Compensation Counsel
Defense Counsel – Liability – Corporate
HIPAA Concerns
1099 Concerns

Employment Practices Liability (“EPL”)
Employment Practices Liability
Covers “HR-type” claims (for example: allegations of discrimination, wrongful termination and sexual harassment of employees.)
Wage & Hour Coverage (Must be Requested!)
Fair Labor Standards

Directors & Officers (“D & O”)
Directors & Officers Liability Insurance
D&O insurance policies provide coverage for legal actions against the insured for wrongful acts committed at any time prior to the end of the policy term. The coverage applies to amounts that the D’s & O’s are legally required to pay as a result of any claim brought against them as a result of wrongful acts, and includes damages, judgments, settlements and defense costs (but excludes fines, penalties, and any other charges deemed uninsurable.) Penal defense coverage covers fines, penalties, regulatory costs (i.e. workers compensation fines)
A D&O insurance policy indemnifies the corporation and its Directors & Officers for wrongful actions which cause financial harm to a third party and result in a lawsuit.
Wage & Hour Coverage (Must be Requested!)
Packaged With EPL
Fair Labor Standards
D’s & O’s can be held personally liable
Federal Programs
LTC Contracts

Property Insurance
Actual Cash Value (“ACV”) v.
Replacement Cost (“RC”)
Windstorm / Hurricane
Electronic Data Processing Coverage
(Software/Hardware)
Self-Insuring For Property Coverage
X – Wind Coverage
Business Interruption Coverage
Glass Coverage

Independent Contractor Issues
Checklists See Attached
Waivers See Attached

Insurance for nurse registries

by Ian Norris on Jul 13, 2010

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