What Does Hospital Professional Liability Insurance Mean?

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What does Hospital Professional Liability Insurance mean? Read on to discover the definition & meaning of the term Hospital Professional Liability Insurance - to help you better understand the language used in insurance policies.

Hospital Professional Liability Insurance

Hospital Professional Liability Insurance

Insurance purchased by hospitals covering their liability for professional acts, errors, or omissions. HPL forms are usually written on a combined basis with commercial general liability (CGL) policies to avoid "gray area" situations in which coverage could apply under either policy. HPL forms cover hospital employees but not independent contractor staff physicians who have been granted admitting privileges. Rather, such individuals are required to maintain their own professional liability insurance. Retention levels under HPL forms are often substantial, with $1 million self-insured retentions (SIRs) not uncommon for even small hospitals. The policies are normally written with a claims-made coverage trigger.

We hope the you have a better understanding of the meaning of Hospital Professional Liability Insurance.

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