While every medical professional should carry her own professional liability insurance, if you’re the agency sending her out, your nursing agency insurance has to be much more extensive than a simple errors and omissions policy. Here are three specialized insurances to take into consideration for your medical staffing firm.

Third-Party Crime Coverage

If one of your nursing staff is accused of stealing on the job, third-party crime coverage protects you from the loss claim that the hospital may make. Even if you send someone out as an independent contractor, her theft could potentially affect your business.

Cyber Liability Coverage

With the rise in cybercrime, it’s important that you are covered against potential breaches. Whether your agent is the cause of the breach or you have a breach that involves your contractors’ information, cyber liability coverage can pay for investigations, your legal costs and claims made as a result of the breach.

Regulatory Audit Coverage

Finally, your nursing agency insurance should include coverage that will pay claims arising from the various audits to which your business is liable. From overpayments received from Medicare and Medicaid to abuse or fraud claims, regulatory audit coverage makes sure your business isn’t on the hook for billing miscalculations or even potential abuse perpetrated by one of your contractors.

Work with your agent to find the best levels for these three specialized coverages and bundle them with your general liability for an affordable option that guarantees your financial stability