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Avoiding Malpractice Tips

The Insurance Outlook for 2021

The Insurance Outlook for 2021

According to the Deloitte Center for Financial Services, Deloitte Insights’ survey of 200 industry leaders reported on December 3, 2020, the pandemic from COVID-19 hurt the property and casualty insurance business significantly. The trend will continue perhaps into Q3 2022.

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Insurance Policy Limits, Sub-Limits, and Deductibles

Insurance Policy Limits, Sub-Limits, and Deductibles

When you are renewing or buying a liability insurance policy such as a professional liability policy, a general liability policy, a cyber liability policy, or any other insurance policy for that matter, we recommend that you read and review your coverage. Make your insurance coverage review a standard part of your practice administrative support tasks.

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The Perils of Cyber Liability

The Perils of Cyber Liability

The NASW Risk Retention Group’s Cyber Liability insurance suite covers the major cyber liability perils specified under the 45 CFR Part 160 HIPAA HITECH Law. These are “Third-Party” liability records breach incidents. These perils include legal defense, state and federal fines and penalties, damages to clients, the required security breach audit, client notification costs, and the required ID theft protection subscriptions for victims. Professional Liability policies do not cover these “Third-Party” perils.

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Social Workers Instead of Police – a New Risk Paradigm?

Social Workers Instead of Police – a New Risk Paradigm?

The social worker profession is indeed a noble one, founded on service, integrity, and clinical expertise. At times, it can be a stressful and hazardous occupation. The nation is grateful for what you do, thank you!

This article shares some brief research about the growing trend that shifts some police risk to the social workers and shares some detail regarding how the NASW Risk Retention Group insures its practitioner policyholders for bodily injury and damages sustained by its practitioners.

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The Cyber World and Your Liability

The Cyber World and Your Liability

While the use of teletherapy and online-therapy has been increasing as alternative treatments in the Allied Health profession, the COVID-19 pandemic has accelerated their use, and they have become top-of-mind discussion topics. These therapies have essentially become based on and enabled by virtual catalysts as agents of significant change.

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COVID-19 Pandemic Sparks Alternative Treatments

COVID-19 Pandemic Sparks Alternative Treatments

The COVID-19 pandemic has caused NASW Assurance Services and the NASW Risk Retention Group (“NASW RRG”), to receive many phone calls from mental health professionals asking about alternative treatment methods including teletherapy and online therapy. It is the NASW RRG’s priority to protect its policyholders since they are owners of the NASW RRG, and the NASW RRG wants to help its policyholders to be able to continue serving their clients and communities.

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COVID-19 Pandemic Virus UPDATE

COVID-19 Pandemic Virus UPDATE

The COVID-19 pandemic has caused NASW Assurance Services and the NASW Risk Retention Group to receive an inordinate number of phone calls from social workers asking a variety of questions. We have found that most of the calls relate to remote practice methods. With the immediate social distancing shift away from in-person therapy, many social workers are asking how to begin online and telehealth therapy and requisite guidelines.

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Insurance Regulation

Insurance Regulation

We buy insurance policies in one form or another to protect ourselves against our risk of perils. We shift certain risks to the insurance carrier when we buy an insurance policy contract. So, what is happening behind our policy purchase at the insurance company?

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What’s in Your Insurance Portfolio?

What’s in Your Insurance Portfolio?

The New Year marks the start of new goals like pledges to be more organized, to lose weight, to manage income better, or to engage in other healthy actions. It is also an excellent time to complete another important healthy action: conduct an insurance review. Basically, this is a security review to assess your risk exposures.

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U.S. Liability Insurance Market Snapshot

U.S. Liability Insurance Market Snapshot

This month’s tip article gives you the highlights of where the liability insurance market recently was and is heading, particularly the professional liability market within the medical malpractice segment. The supporting information was obtained from four sources: Deloitte Center for Financial Services, Insights, December 2019; USI 2019 Sponsored National Practice Leaders; Marsh’s Global Insurance Market Study, 2019; and NASWRRG first-hand experience.

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COVID-19 Notice

NASW Risk Retention Group (NASW RRG) shares information based on our helpline inquiries, corresponding claims history, and an understanding of a varying nationwide professional state regulatory environment.

Due to COVID-19, many states have implemented or waived specific regulations; it is the individual professional's responsibility to research, implement, and monitor those regulations; and apply our risk management content as a consideration in your practice environment. Do not interpret this risk management material as any means to alter professional training, standards, nor any ethics information provided by your professional association.

Please understand, the NASW RRG makes no representations or warranties other than those stated to our current policyholders in the insurance policy contract. Please contact us if you have further questions.