Insurance Essay Example | Topics and Well Written Essays - 500 words

Insurance - Essay Example To avoid paying these damages, the medical professional can buy an insurance policy, for purposes of transferring the risks associated with his or her work (Mason, Leavitt and Chaffee, 2012). On most occasions, insurance companies will accept the risk under consideration, in exchange for receiving the payment of premiums. An employee would also need to join an individual professional insurance program, even if they are covered by their employer. An employer would register to this program if the insurance policy initiated by an employer does not meet the following requirements (Nurses Service Organization, 2014), Some of these insurance programs only cover some partial problems, it would therefore be necessary for the health care practitioner to register for an insurance program that covers all possible liabilities that they are liable of (Nurses Service Organization, 2014). An employer’s policy also covers an employee only when he or she is working for him, or at work. On the other hand, enrolling for a professional liability insurance program will cover an employee when he or she is at work, or providing volunteer services to another health organization (Nurses Service Organization, 2014). The insurance policy initiated by the employer is aimed at protecting the interests of the employer first, before protecting the interests of his employees (Nurses Service Organization, 2014). This is because he is the one responsible for paying premiums, and on most occasions, they partially insure their employees. This is an indication that the policy aimed at protecting the interests of the employer first, before protecting the interests of employees. Enrolling for a professional liability program does not mean that an individual has a deep pocket. It is only a measure of safeguarding a health practitioner from liability in cases of negligence