What is the minimum liability insurance required for a collaborative practice agreement?

In Tennessee, the minimum liability insurance required for a collaborative practice agreement is indeed set at $1,000,000. This level of insurance is established to ensure that healthcare providers participating in such agreements are adequately covered for potential claims arising from their collaborative practices. The requirement highlights the importance of protecting both the patients involved and the practitioners themselves, given the shared responsibilities in collaborative care settings.

Collaborative practice agreements involve the joint efforts of pharmacists and physicians or other healthcare providers to improve patient care. Due to the complexities and potential risks associated with these practices, having a substantial liability coverage is essential to safeguard against legal claims or damages that might occur as a result of the collaborative efforts.

Understanding this requirement aids practitioners in ensuring they are compliant with Tennessee's legal standards for collaborative practice, helping to maintain a high standard of care and accountability in the healthcare system.