If you get the cheapest you can find, you'll find a policy that has a ton of loopholes that will not protect you the way you need to be protected.
I would find a reputable company.
Apr 9, '13
Do you have coverage now (as an RN)? I suggest you contact the company that is covering you now, explain your situation, and see what they recommend for your circumstances. That's what I did when I was starting a CNS program years ago (my company said I was covered as a student under my existing RN coverage, and there wasn't even an increase in my premiums. Of course, that may be different for NP students).
Apr 11, '13
Marsh in Iowa will give you decent nursing malpractice insurance that will cover you as an NP student. I was very pleased with them. They were very helpful.
NSO WILL cover you though as an NP student, you just need to contact them to get this added.
They told me differently when I was in school. I had NSO for literally 20 years but left for Marsh who would cover me for no additional cost.
Apr 14, '13
I have NSO for my RN malpractice and they cover me for my Np student practice. It costs me almost an add'l $200/ year for the np coverage.
Apr 14, '13
Yikes. Maybe that was the issue, marsh cost me less than $100/yr for nursing liability that included NP student.
Apr 18, '13
Insurance is one place that I would not "take the lowest bidder." I work as an FNP for a neurosurgeon and my insurance is about $4000. Mostly because of surgery (RNFA) and small amount of pediatrics.
Find someone who is an expert at insurance, there are multiple flavors of policies out there. I would recommend not going with the "state minimum." My policy is a 1 million / 3 million. I understand that if you are more so in primary practice this would be overkill. Bottom line... Ask a professional, we go to school to help patients, not obtain insurance policies and contracts.