1099 CRNA Institute: Thrive as your own boss-Malpractice Insurance as a 1099 CRNA

Video Transcription

Video Summary

The video transcript provides a comprehensive overview of CRNA malpractice insurance, focusing on key elements such as occurrence vs. claims-made insurance, admitted vs. non-admitted insurance companies, and understanding insurance limits. It discusses the importance of the Consent to Settle Clause in protecting one's reputation and future insurability. It explains the concept of occurrence and claims-made basis for insurance policies, highlighting differences in coverage and timing of claims. The transcript delves into the costs and considerations of purchasing tail coverage for claims-made policies, as well as the benefits of occurrence policies in terms of coverage limits and simplicity. The importance of assessing the financial strength of insurance companies, through agencies like AMBEST, is emphasized along with the significance of NPDB reports in tracking malpractice payments. The video concludes by offering additional resources, support services, and educational opportunities for CRNAs.

Keywords

CRNA malpractice insurance

Occurrence vs. claims-made insurance

Admitted vs. non-admitted insurance companies

Consent to Settle Clause

Tail coverage

Occurrence policies

Financial strength of insurance companies