Question

debate the pros and cons of having individual professional liability insurance?

for nurses

Answer 1

cons of having individual professional liability insurance

• there is no standard policy wording. some policies do not cover punitive damages and not every professional liability insurance provides offer coverage for one's business.
• cost is mainly based on factors that are not in our hand. for example - the number of claims filed in the industry, the company's current financial status, etc.

pros of having individual professional liability insurance.

• professional liability insurance influence some of the factors of controlling cost.
• the cost of having individual professional liability insurance is high but it can save you considerable expense.