How much professional liability insurance does a hospital need?

The amount of professional liability insurance a hospital needs depends on several factors, including:

* The size of the hospital

* The number of patients seen each year

* The types of services provided

* The hospital's claims history

In general, hospitals should carry professional liability insurance limits of at least $1 million per occurrence and $3 million in the aggregate. However, some hospitals may need to carry higher limits, depending on their specific circumstances.

For example, a hospital that sees a large number of high-risk patients or that provides complex medical services may need to carry higher limits of insurance. Similarly, a hospital that has a history of medical malpractice claims may also need to carry higher limits.

It is important for hospitals to work with their insurance brokers to determine the appropriate amount of professional liability insurance for their needs. By doing so, hospitals can help to protect themselves financially in the event of a medical malpractice claim.

In addition to professional liability insurance, hospitals should also consider carrying other types of insurance, such as:

* General liability insurance

* Property insurance

* Business interruption insurance

* Workers' compensation insurance

By carrying a variety of insurance policies, hospitals can help to protect themselves from a wide range of potential risks.