Month: July 2025

Certified Registered Nurse Anesthetists (CRNAs) face high-stakes responsibilities each day, requiring comprehensive liability insurance to safeguard their careers and livelihoods. Yet, coverage gaps or errors in policy choices can leave CRNAs financially vulnerable. It’s essential to seek out tailored CRNA liability insurance, but you need to avoid the five costly coverage mistakes to guarantee your peace of mind while meeting your insurance needs.

1. Relying on Employer-Provided Coverage

One of the five most costly coverage mistakes for CRNAs’ liability insurance is assuming their employer-provided insurance is sufficient. These policies often have significant limitations. For instance, they might not cover incidents outside work hours or legal defense costs in a personal lawsuit. Secure individual coverage that fills these gaps to have complete protection on and off the clock.

2. Neglecting Tail Coverage

When switching jobs, CRNAs often underestimate the importance of tail coverage, which protects against claims made after they leave their position. Without it, you’re unprotected from potential lawsuits tied to past employment. Make sure your current policy includes robust tail coverage, giving you confidence as you advance in your career.

3. Overlooking Comprehensive Practice Coverage

CRNAs wear multiple hats—from administering anesthesia to evaluating patients postoperatively. Some policies don’t account for the full scope of practice, leaving you exposed to uncovered liabilities. You should have CRNA medical malpractice insurance customized to your specific role and responsibilities, providing advanced protection regardless of how your duties evolve.

4. Choosing the Wrong Policy Limits

Liability claims can be financially devastating. Underestimating your policy limits may force out-of-pocket payments for legal fees or judgments.

Baxter & Associates will provide expert guidance, evaluating your risks and recommending the best policy limits, so you’re never caught short during a claim or paying too much out of pocket.

5. Overlooking Legal Cost Reimbursement

Legal fees incurred during investigations or lawsuits can quickly accumulate. Some policies exclude reimbursement for defense costs, leaving CRNAs with significant financial burdens. You’ll want liability insurance that includes built-in legal expense coverage, offering you a safety net for unexpected challenges.

Take Control of Your Coverage

CRNAs can’t afford to gamble on inadequate liability insurance. Baxter & Associates has extensive experience addressing these coverage gaps, guaranteeing your career is secure at every step. Contact us today to discover how we can create a policy tailored to your specific needs. Don’t leave your future to chance—partner with the experts who prioritize your protection.

Medical professionals face mounting liability risks that can greatly impact their careers and finances. Group malpractice insurance provides important protection, but many practices operate with significant coverage gaps that expose them to catastrophic losses.

If your facility has group malpractice insurance, these four coverage gaps to fix now are pertinent to keeping everyone protected. These vulnerabilities require healthcare organizations to strengthen their risk management strategies, safeguarding their financial stability.

Inadequate Coverage Limits

Many group practices select coverage limits based on premium costs rather than actual risk exposure. This approach leaves practices vulnerable when large claims arise.

Medical malpractice awards continue to increase, with some settlements reaching millions of dollars. Practices must evaluate their coverage limits against potential claim values, taking into account factors such as specialty risk levels, patient volume, and geographic location.

Insufficient Tail Coverage

Tail coverage protects healthcare providers from claims filed after their policy expires or when they leave a practice. Many group policies fail to address tail coverage, resulting in significant exposure gaps that are inadequately addressed.

Claims can surface years after treatment occurs, particularly in obstetrics, pediatrics, and surgical specialties. Practices need clear tail coverage provisions that protect departing physicians and uphold continuity of group protection. This coverage becomes particularly needed during practice transitions, retirements, or changes in specialty.

Limited Cyber Liability Protection

Healthcare practices store endless amounts of sensitive patient data, making them prime targets for cyberattacks.

Traditional group malpractice policies often exclude cyber-related incidents, leaving practices exposed to data breach costs, regulatory fines, and business interruption losses.

Modern group policies must comprehensively address cyber liability risks. This includes coverage for data breach response costs, notification expenses, credit monitoring services, and regulatory compliance support.

Inadequate Legal Defense Coverage

Legal defense costs can really add up during malpractice proceedings, often exceeding policy limits before the case is resolved. Many group policies impose restrictions on legal defense coverage or require practices to use specific attorney networks.

These limitations can compromise defense strategies and lead to increased out-of-pocket expenses. Comprehensive group policies should provide robust legal defense coverage, offering flexibility in attorney selection and unlimited defense cost coverage beyond policy limits.

Addressing Coverage Gaps

Identifying and addressing these gaps requires expertise in carrier capabilities and medical malpractice insurance markets. Practices benefit from working with experienced brokers who understand healthcare risks, liability insurance for healthcare facilities, and maintain relationships with multiple insurance carriers. Group malpractice insurance serves as a cornerstone of practice risk management, but only when coverage comprehensively addresses actual exposures.

Professional insurance guidance helps practices navigate complex coverage decisions and secure protection that supports long-term practice stability and growth. The next step is fixing these four group malpractice insurance coverage gaps now. Baxter & Associates brings decades of experience helping healthcare practices identify and address coverage gaps through access to numerous carriers and unparalleled service in medical malpractice insurance markets.