Related Experiment Videos
What you need to know about D & O liability insurance
Trustee : the Journal for Hospital Governing Boards
|April 11, 1980
Summary
Hospitals are buying directors and officers (D&O) liability insurance for board members due to liability concerns. This insurance helps cover claims against hospital leaders and can be enhanced with preventive measures.
Area of Science:
- Healthcare Management
- Risk Management
- Legal Studies
Background:
- Hospitals face a liability insurance crisis.
- Trustees and officers have personal liability concerns.
- Directors and Officers (D&O) liability insurance is increasingly purchased by hospitals.
Purpose of the Study:
- To describe essential coverage for D&O policies.
- To identify common claims against hospital trustees and officers.
- To recommend preventive strategies for reducing liability exposure.
Main Methods:
- Review of D&O insurance policies.
- Analysis of claims data against hospital leaders.
- Literature review on risk management strategies.
Main Results:
- D&O policies should offer comprehensive coverage.
- Claims often involve breach of fiduciary duty and mismanagement.
- Preventive measures can significantly reduce liability risks.
Conclusions:
- Adequate D&O insurance is crucial for hospital governance.
- Understanding claim types informs risk mitigation.
- Proactive risk management is essential for protecting hospital leaders.