What are the basic limits for the Hospital Professional Liability form?

What are the basic limits for the Hospital Professional Liability form?

• A. $100,000/$300,000
• B. $250,000/$750,000
• C. $500,000/$1,000,000
• D. $1,000,000/$2,000,000

Answer: (B)

The basic limits for the Hospital Professional Liability form are indeed set at $250,000 per occurrence and $750,000 in the aggregate. This means that for each individual claim, there is a limit of $250,000 that the insurance will pay, while the total coverage provided for all claims during a policy period cannot exceed $750,000. This structure is designed to help hospitals manage the financial risks associated with their professional services, ensuring that they have adequate coverage for malpractice claims that might arise from their operations. The specified limits are in line with industry standards to provide reasonable protection to healthcare facilities while reflecting the realities of the types of claims and financial pressures they face.

The basic limits for the Hospital Professional Liability form are indeed set at $250,000 per occurrence and $750,000 in the aggregate. This means that for each individual claim, there is a limit of $250,000 that the insurance will pay, while the total coverage provided for all claims during a policy period cannot exceed $750,000. This structure is designed to help hospitals manage the financial risks associated with their professional services, ensuring that they have adequate coverage for malpractice claims that might arise from their operations. The specified limits are in line with industry standards to provide reasonable protection to healthcare facilities while reflecting the realities of the types of claims and financial pressures they face.