Malpractice Insurance

  1. Hey y'all, I'm going into my 2nd year as an ICU nurse... I'm currently insured by NSO, and I paid like $200 or $250 last year for the insurance. I just now got a statement from them saying that another year of coverage would be $250. The coverage is for 100k per claim, to an aggregate of 300k.

    I called my mom, who is also an RN... she was shocked and said she pays like 80 bucks a year for 1 million/6 million aggregate. I've also been looking around here and people have been saying the same.

    Anybody else experiencing similar? I don't know what's going on!

    j
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  2. 18 Comments

  3. by   caliotter3
    I am an LVN insured with NSO and I have one mill/six mill. You need to give them a call.
  4. by   BluegrassRN
    I have the highest coverage you can get through them, and I don't pay nearly that amount. Call them up, something isn't right with your billing.
  5. by   Flames9_RN
    I'm a RN and have NSO with the $6million Aggregate9/$1million each claim and I'm about to pay $107.25

    last yr as a first yr nurse, think I paid $75
  6. by   CrunchRN
    Do you live in Texas?

    When I moved here from the West Coast NSO wanted over twice the rate.

    I dropped them because I was in a low risk job.

    I did find another insurer with a good reputation with much better rates though.
  7. by   elkpark
    It may be a matter of where you live and practice. Rates and coverage offered vary among states. Definitely contact them directly and ask about it.
  8. by   BluegrassRN
    It never occurred to me that geographic location would influence the rates. Of course it would. I sometimes just live in my own little world. How nice that the internet opens my eyes for me every once in a while.
  9. by   elkpark
    Quote from BluegrassRN
    It never occurred to me that geographic location would influence the rates. Of course it would.
    Yup, same as automobile, homeowner's, pretty much every other kind of insurance ...
  10. by   Mike A. Fungin RN
    If you're an AACN member they offer a great plan through Marsh.
  11. by   lylenrn
    Im with NSO also. My rate isnt that high. Perhaps the rate is different based on specialty also.???
  12. by   anonymurse
    Huh. They didn't ask my specialty IIRC.
  13. by   Ivanna_Nurse
    I also have NSO.. I will have to pull the policy and let you know. ~Ivanna

    98.00 for 1mil each claim/ 6mil aggregate
    Last edit by Ivanna_Nurse on Jul 15, '10 : Reason: policy info
  14. by   apocatastasis
    Thanks, y'all... I do live in Texas... like BluegrassRN, I never gave thought to the geographic factor, so thanks for bringing that to my attention, elkpark. Seems so obvious, now that you mention it, haha. They didn't ask me my specialty either, so I know that can't be it. I'll give them a call and/or find another insurer, cuz the cost is just ridiculous... thanks again!

    j

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