hospital professional liability (HPL) insurance
Insurance purchased by hospitals covering their liability for professional
acts, errors, or omissions. HPL forms are usually written on a combined basis
with commercial general liability (CGL) policies to avoid "gray area" situations
in which coverage could apply under either policy. HPL forms cover hospital
employees but not independent contractor staff physicians who have been granted
admitting privileges. Rather, such individuals are required to maintain their
own professional liability insurance. Retention levels under HPL forms are often
substantial, with $1 million self-insured retentions (SIRs) not uncommon for
even small hospitals. The policies are normally written with a claims-made coverage
trigger.
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PLI XVI.E