CRNA Malpractice Insurance Options Explained

Whether malpractice insurance is purchased individually or provided through an employer, CRNAs and nurse anesthesiologists benefit from having a clear understanding of how coverage works. Knowing your options can help you identify potential gaps and make informed decisions about protecting your professional and financial future.

This overview is informed by insights from John Fetcho, CPCU, ARM, former Director of AANA Insurance Services, who discussed malpractice insurance options and common misconceptions on the Beyond the Mask podcast.  Click here to listen to the podcast recording and see the brief summary of topics covered below. 

Why Understanding Your Coverage Matters

Malpractice insurance policies may vary widely in structure, coverage terms, and protections. A basic understanding of policy features allows CRNAs to better evaluate whether employer-provided coverage adequately protects their individual interests.

Key Coverage Types

CRNAs typically encounter two primary forms of malpractice insurance: occurrence and claims-made coverage. Understanding how coverage is triggered and how long protection lasts is essential when comparing policies.

Malpractice Insurance Options Through AANA

AANA Insurance Services offers coverage options designed specifically for CRNAs and nurse anesthesiologists. These policies emphasize long-term protection, financial stability, and provisions that support professional autonomy.

Evaluating Your Policy

When reviewing a malpractice insurance policy, it is important to understand coverage limits, defense cost handling, consent-to-settle provisions, and whether additional coverage may be needed to supplement employer-provided insurance.  AANA Insurance Services can help you better understand the policy you currently have, even if you purchase your coverage from another agency. 

Financial Strength of Your Insurer

An insurer’s financial stability plays a critical role in long-term protection. Choosing a financially strong and experienced carrier helps ensure claims can be defended and paid when needed.

Key Takeaways

• Understand the nuances of CRNA malpractice insurance
• Identify differences between coverage types
• Review available options through AANA Insurance Services
• Evaluate policy features and insurer financial strength
• Confirm that coverage aligns with your practice setting and career stage