Being insured through someone else’s malpractice policy doesn’t guarantee you will be a priority or receive personal coverage when you need it the most. When considering the value of having your own individual professional liability insurance policy, ask the following question:
- Does your employer's policy clearly name you as an insured?
- Does your employer's policy have a deductible?
- Does your employer's policy have sufficient limits of liability in the event of a catastrophic case?
- Do your employer's interests in settling a case clearly align with your personal and financial interests?
- Are you certain that your employer's insurance company will provide you personally with legal representation?
- Are you certain that your employer has insurance or that it has not been compromised without your knowledge?
- Have your employer's limits been eroded by other claims?
- Do you ever provide professional service outside the workplace as a volunteer, a Good Samaritan, or part time?
- Will your employer cover you for a Licensing Board Complaint?