Midwives are responsible for the health of both mothers and babies, which means they are often the first to get blamed if something goes wrong. Business insurance protects against legal expenses from home birth complications, along with other common risks like fires and injuries.
These insurance policies cover common risks faced by licensed midwives.
Medical malpractice insurance covers legal costs when a midwife is sued for professional negligence, such as failure to refer a patient to an obstetrician. It’s also called professional liability coverage.
Most states mandate workers' comp for birth and wellness centers that have employees. It also protects midwives who work independently from work-related medical bills that health insurance might deny.
A general liability policy covers the cost of common third-party accidents, such as a patient who slips and suffers an injury at your birthing center. It's often required for a commercial lease.
A BOP is a cost-effective way for midwives and birth centers to buy general liability and commercial property insurance together. Eligibility is limited to small, low-risk businesses.
This policy helps birth centers and midwives pay costs associated with data breaches and cyberattacks. It can often be added to a business owner's policy or general liability policy for savings.
Most states require commercial auto insurance for vehicles owned by a birthing center or a midwife's business. It helps cover the cost of accidents involving your business vehicle.
It's easy to get business insurance for midwife services if you have your company information on hand. Our application will ask for basic facts about your practice, such as revenue and number of employees. You can buy a policy online and get a certificate of insurance with Insureon in three easy steps:
Insureon's licensed insurance agents work with top-rated U.S. providers to find the right insurance plan for nurses, caregivers, and other healthcare providers, whether you work independently or hire employees.
There are several reasons why midwives should carry malpractice insurance:
Fortunately, it's possible to find affordable midwife malpractice insurance. Insureon's easy online application lets you compare quotes to find the best possible rate. You can customize your coverage options to match your specific needs and your budget.
It's important to maintain continuous coverage with this type of insurance, as a lapse could leave you paying for a lawsuit out of pocket. You may want to set a retroactive date for coverage, which provides protection for work done in the past up to a specific date.
In general, lapses in insurance coverage can lead to an increase in your premium, as insurers may charge more for stopping and restarting coverage.
CMs and CNMs are highly trained professionals who are qualified to provide the same level of maternity care and midwifery care. They are both certified by the American Midwifery Certification Board, which requires taking graduate-level courses and passing an exam. They are represented by the same professional organization, the American College of Nurse-Midwives.
The key difference is that certified nurse midwives are also nurses with an RN license. To become a nurse, you must get a degree in nursing, pass the National Council Licensing Examination (NCLEX), and get licensed in your state.
Each state has its own regulations for CMs and CNMs. CNMs are licensed in every state and can prescribe medications, while CMs are only legally recognized to practice in certain states and cannot prescribe medications.