CRNA Liability Insurance: 5 Costly Coverage Mistakes

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.