insurance for CRNA staffing companies
Westwood will work with you to ensure your CRNA staffing clients have adequate insurance coverage for every threat they could face.
General Liability Insurance
Professional Liability Insurance
Directors and Officers Liability (D&O) insurance
D&O insurance (Directors and officers liability insurance), shields the personal assets of company directors and officers, and where necessary, their spouses, from claims which could arise as a result of the decisions they made and actions they took within the scope of their regular duties.
Cyber liability insurance covers the financial costs associated with a breach of your cyber security, such as a ransomware attack. It also covers first party costs including event management, data restoration, financial costs to third parties, network interruption, and cyber extortion.
HNOA, (hired non-owned auto insurance) is designed for organizations who regularly hire vehicles or require employees to use their own vehicles in the course of their work. In the case of an accident where your employee was liable, it could cover physical damage to that other person’s vehicle, medical expenses, the cost of hiring an attorney to defend your business.
Workers’ Comp. Insurance
Workers’ compensation insurance covers your employees for workplace injuries or illness. It provides them with medical and wage benefits.
This coverage is mandated by each state, with the wage and medical benefits varying from state to state. Workers compensation also protects business owners from civil suits by workers who become injured on the job.
Employment Practices Liability
Employment practices liability insurance (EPL insurance or EPLI), covers employers (PDF) against claims made by employees for:
- Discrimination (based on sex, race, age or disability, for example)
- Wrongful termination
- Failure to promote and other employment-related issues
Environmental Liability insurance
Environmental Liability insurance is liability insurance specifically designed to protect environmental liabilities. This is a specialized form of general, commercial liability insurance that provides financial protection against litigation and clean-up costs resulting from claims of injury or damage caused by pollution, contamination or hazardous waste disposals.
Property Insurance covers unexpected damage or loss to property. The policy can be purchased to cover both structures and contents, which are separate policies in many cases. Property Insurance covers physical structures, not land. Medical facilities and aged care facilities need property insurance to cover the real property and all fixed items such as furniture, medical equipment, art works and tapestries.
Crime Insurance covers the insured party a reimbursement if their property is damaged due to a crime. Crime Insurance usually has a huge range of options and comes in different forms. It can be either a rider that can be attached to the existing insurance policy, or it is available as a completely separate product.
Auto insurance is a type of liability insurance coverage, usually mandated by law, for all mechanically propelled vehicles. It provides protection against losses resulting from traffic accidents and against liability that could also arise therefrom. A medical or aged care facility would typically have auto insurance on their fleet of vehicles as well as for any vehicles transporting patients to and from the facility.
Fully/Partially Funded insurance
Partially Funded insurance gives facilities the opportunity to pay a set premium for, and then in turn is partially covered for specific risks.
Fully Funded Insurance allows facilities to pay premiums to have coverage against all risks. In return, if they are unfortunate enough to incur any of the covered loss or injury, they are reimbursed their insurance policy amount.
Excess and umbrella coverage
Excess coverage provides an additional layer of protection over and above what an underlying policy provides. It applies to a single policy only.
An umbrella policy on the other hand, provides additional liability coverage over and above what is provided by a number of underlying policies.
CRNA staffing companies require special insurance coverage
CRNA Staffing services assist hospitals in finding qualified Craniofacial Registered Nurses who are available to work at their location.
Hiring Centers struggle with recruiting and retaining skilled CRNAs, while hospitals struggle with meeting staffing needs. CRNA Staffing bridges the gap by matching hospitals that need more staff members with vital craniosurgical nurses who are interested in work opportunities.
It’s a growth industry, with employment opportunities for craniofacial registered nurses projected to grow 7-14% through 2024 according to the Bureau of Labor Statistics.
CRNA Staffing providers require insurance for safe working conditions for their employees.
CRNA Staffing providers face particular challenges in finding hospitals without a history of lawsuits from the practice of their specialty. In 2014, a nurse was awarded $1.5 million after a jury found her to have been injured on the job by a hospital’s failure to provide training and supervision for craniotomy procedures. Also in 2014, the family of a young man who died after complications related to a craniotomy filed suit against his physician and the hospital where the procedure took place, and were granted $2 million in damages.
Insurance for CRNA Staffing includes both malpractice insurance and hospital benefits, so CRNA Staffing provides you with peace of mind in obtaining qualified candidates.