Should I Carry Malpractice (Liability) Insurance? - page 15

This question comes up frequently and is asked of me quite often, "should I carry malpractice insurance?" Many nurses are covered under their own individual liability insurance carrier. Many more are... Read More

  1. Visit  systoly profile page
    4
    most of the time we don't sue nurses
    rarely are nurses sued personally
    we almost always let them out of the suit
    what if i told my next patient
    most of the time, I administer the right medication
    rarely do i make my pt.'s life's miserable
    i of almost always follow your physician's treatment plan
    Last edit by JustBeachyNurse on Aug 6, '13
    JoJo222, elkpark, GrnTea, and 1 other like this.
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  3. Visit  GrnTea profile page
    0
    OK, toomany. That has not been my professional experience (legal nursing) but you can always do what you want. It's a free country. I prefer to build my house of bricks, not straw or sticks, though.

    Good luck to you.

    Love it, beachy!
  4. Visit  JustBeachyNurse profile page
    3
    The policy is not just in case you are named in a court case but also in force if you are charged with a HIPPA violation (with NSO at least ), reported to the board of nursing for allegations of malpractice, allegations of violating the nurse practice act (by inaction, or acts of omission, commission, or failure to document properly), license defense, allegations of not meeting fitness for duty standards (substance abuse, drug diversion, mental or physical disability) Plus many policies are in effect and cover your time & expenses for depositions and interrogatories including an attorney to represent the insured and their interests.

    Of course license defense is a more likely occurrence than being named in a personal civil suit. The same policy protects me for both situations.

    The hospital or other employer protects their interests why shouldn't a nurse protect their own?
    Rose_Queen, AZ_LPN_8_26_13, and GrnTea like this.
  5. Visit  toomany profile page
    0
    @GrnTea

    I don't think that insurance is a total waste. In fact i have looked into it for myself many times. its dirt cheap and gives you peace of mind. Even if it does get you stuck in a suit longer its the insurance company footing the bill. I just don't like the culture of fear that develops around civil litigation. Do your job, do your best, and hope for the best. I like my 100K company plan as far as civil stuff is concerned. Its enough money to cover me. even the NSO website only list cases where the nurses payed around 100K (i wonder why they couldn't find more expensive settlements (I suspect, not a lot exist or nso couldn't sell insurance that cheap and make a profit)). And PS i don't have PM so if ur a nurse who has lost over 100K in civil suit and was not insured you can email me at dnesbet@yahoo.com. I really wanna hear this story and send prayer and well wishes your way.
  6. Visit  elkpark profile page
    3
    Quote from toomany
    My HR department insist that we should stick with the hospital coverage and not get our own. I always hear people say on all nurses and the nso website that your company wont cover you because they will find some ltlle infraction of policy and use it to throw you under the bus but that makes no since to me.... or to my risk manager at my hospital.
    Your hospital wants you to only be covered by their insurance because, if something goes wrong, they want you to be dependent on their attorneys (who are being paid to represent the hospital's interests, not yours) for legal advice. It suits their interests for you to not have independent legal advice from someone representing your interests.

    As for firing you for some minor variance from policy, it may not make "since" (sic) to you, but I saw it happen many times with my own eyes when I was working as a hospital surveyor.

    However, as already noted, it's a free country and you are free to make whatever choice seems best to you.
    AZ_LPN_8_26_13, Esme12, and GrnTea like this.
  7. Visit  AZ_LPN_8_26_13 profile page
    0
    I just got my LPN license, and I've been shopping around online comparing different rates, coverages, etc. This country is so sue-happy, especially with health issues, that I feel that I need some sort of protection. And you (OP) have made excellent points concerning the policies offered at work vs. your own private portable ins. policy. Something I really had not considered before - yes even if you work for someone else, for example a hospital, yes their ins. covers you, but in the end it's *their* insurance and the first consideration of that, will always be them, not you individually. If their ins. provider decides it's in their (your workplace's) best interests to throw you under the bus to save themselves, you are toast. I say $150 to $200 a year is a small price to pay for your own portable insurance and legal representation. And this is something I will keep to myself, until the time comes when I may really need it. Until then nobody else needs to know about it but me and prospective clients, agencies etc. I've already contacted some of the companies/orgs listed for quotes. Thanks for your informative posting.
  8. Visit  AZ_LPN_8_26_13 profile page
    0
    Quote from toomany
    @GrnTea

    . . . I just don't like the culture of fear that develops around civil litigation. . . . even the NSO website only list cases where the nurses payed around 100K (i wonder why they couldn't find more expensive settlements (I suspect, not a lot exist or nso couldn't sell insurance that cheap and make a profit)).
    I want to protect myself - doesn't mean I buy into a culture of fear. If you are a homeowner you buy homeowners insurance - you don't live in fear or someone suing you or your house being burglarized. You have health insurance - doesn't mean you are living in fear of your health deteriorating. You just want to be prepared. It's something you hope you never have to use. And the insurance companies through their accountants and actuaries are betting that you probably won't. That is why they are offering you insurance at the rates they do.

    As far as individual ins. companies go, well, that's why I'm doing my homework and shopping around a bit first. Lowest rates don't always mean the best value for the dollar for any product, including insurance. Just my two cents ...
  9. Visit  GrnTea profile page
    2
    Quote from toomany
    @GrnTea

    I don't think that insurance is a total waste. In fact i have looked into it for myself many times. its dirt cheap and gives you peace of mind. Even if it does get you stuck in a suit longer its the insurance company footing the bill. I just don't like the culture of fear that develops around civil litigation. Do your job, do your best, and hope for the best.
    Hope is not a plan.
    AZ_LPN_8_26_13 and elkpark like this.
  10. Visit  AZ_LPN_8_26_13 profile page
    0
    Quote from GrnTea
    Hope is not a plan.
    A person hopes for the best always regardless - You still need a plan B just in case
  11. Visit  MyUserName,RN profile page
    4
    Glad to have read this article. I've been a nurse for two years and haven't carried insurance. But I'm about to purchase it. I asked around at work to other nurses if they had and none of them seemed to have an idea that we need it. One said only NP's need it and the other said the hospital in orientation told them they shouldn't purchase their own unless they are doing something outside of the hospital for their own coverage. I disagree. I can't imagine the hospital truly covering me, they would cover themselves first. I've seen how the hospital treats it's nurses and I just don't trust them enough.
    JoJo222, AZ_LPN_8_26_13, sirI, and 1 other like this.
  12. Visit  sirI profile page
    0
    Wise decision, MyUserName,RN

  13. Visit  ADeks profile page
    0
    So, I am looking into getting coverage. The options I am given by the NSO are 1,000,000/6,000,000; 1,000,000/3,000,000; and 500,000/2,500,00. I work in the ED and want to be covered, but is there such a thing as overkill?
  14. Visit  sirI profile page
    1
    No such thing as "over kill". Go for the 1/6.
    amoLucia likes this.


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