The nurse understands that the professional liability insurance provided by the hospital where he works is a claims-made policy. Which claim would the nurse expect this policy to cover?

Question

Quizplus · Accepted Answer

Rationale 1: Claims-made policies provide coverage only if the claim for an injury that has occurred is filed with the courts and is reported to the insurance company during the active policy period or during an uninterrupted extension of that policy period.
Rationale 2: The policy will not cover claims that were filed prior to the coverage being activated.
Rationale 3: The policy will not cover claims made after the end date of the policy, even if the claim was associated with an incident that occurred while the policy was in effect.
Rationale 4: There is no 30 day grace period associated with this type of coverage.

The Nurse Understands That the Professional Liability Insurance Provided by the Hospital