Insurance for nurse registries
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Insurance for Nurse Registries: Truths and Half Truths demystified. Covers Employer vs Contractor, 1099 Contracts, Scope of Control, Tax Considerations, and Registry Liability Concerns.

Insurance for Nurse Registries: Truths and Half Truths demystified. Covers Employer vs Contractor, 1099 Contracts, Scope of Control, Tax Considerations, and Registry Liability Concerns.

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Insurance for nurse registries Presentation Transcript

  • 1. 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
  • 2. 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
  • 3. 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
  • 4. 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
  • 5. 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)
  • 6. 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)
  • 7. 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
  • 8. Claim Management
    Plaintiff’s Counsel
    Workers’ Compensation Counsel
    Defense Counsel – Liability – Corporate
    HIPAA Concerns
    1099 Concerns
  • 9. 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
  • 10. 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
  • 11. 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
  • 12. Independent Contractor Issues
    Checklists See Attached
    Waivers See Attached