HIC provides professional liability coverage with Limits of Liability of $1m each person and $3m annual aggregate to physician extenders. Coverage is provided on an Occurrence form only. To quality for coverage, HIC must insure the employer, collaborating, or supervising physician and that such insurance remain in force for the full term of the policy period.
Physician Extenders that we offer coverage to include Certified Midwives (CM), Certified Nurse Midwives (CNMs), Certified Registered Nurse Anesthetists (CRNAs), Nurse Practitioners (NPs), Registered Physician Assistants (RPAs), and Specialist Assistants (SAs).
An Occurrence policy covers claims brought against you because of professional services that you provided (or should have provided) in the course of your medical or surgical practice during the policy period, regardless of when the claim is made. As long as you provided (or failed to provide) those professional services during the policy period, a related claim is covered no matter when it is brought against you.
Note: If you are switching from a claims-made to an occurrence policy, you should consider purchasing extended reporting coverage to cover any claims that may arise while you were insured with your prior carrier.