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?" "What is malpractice?" Simply put, it is a failure to adhere to a standard of care or... Read More

  1. by   AZ_LPN_8_26_13
    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.
  2. by   AZ_LPN_8_26_13
    Quote from toomany

    . . . 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 ...
    Last edit by sirI on Dec 23, '16
  3. by   MyUserName,RN
    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.
  4. by   sirI
    Wise decision, MyUserName,RN

  5. by   ADeks
    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?
  6. by   sirI
    No such thing as "over kill". Go for the 1/6.
  7. by   missaretha
    I just started working at a school for kids with Autism. After starting, I found out that there are also classes for students who need "emotional support." In other words, these kids have spent time in the local psychiatric hospital and have mental health issues and behavioral issues. So I just applied for the insurance to cover my rear end. In that environment after seeing in a short time how these kids make up lies, I am NOT even chancing it.
  8. by   kanling
    Proliability policy documents Proliability
  9. by   sjoysRN
    So I am now insured (as of 5 min. ago). But upon my search for which company is best to use, I found a comment (on a completely different site) that suggested that getting malpractice insurance makes you more likely to be sued. I guess I am just ignorant on how that could be possible. My insurance policy isn't public knowledge, how on earth would any one find out and use that fact just to sue me? Is this just a baseless rumor or assumption that other nurses have?
  10. by   ADeks
    Well, from my understanding if someone is suing the hospital. The attorney casts a very wide umbrella to try and find anyone at fault... So you could be apart of this lawsuit with or without insurance. Obviously, if you do have your own insurance and at fault they will get more of a payout from your personal insurance and the hospital.
    Keep in mind though, whatever company you work for, their lawyers work for the company to protect them not really you. I have heard of stories where the company covered the nurse during the lawsuit but then fired that same nurse afterwards.
    I would rather take the chance of getting pulled into a lawsuit knowing I have my own lawyer than just relying on the facility.
    Also, if you no longer work at that facility, they have no obligation to support you during a later lawsuit. Words for thought.
  11. by   genbautista
    Hi. I'm new to this. But I was wondering, I'm interested in purchasing a malpractice insurance, but not sure where. What is the best one to get?
  12. by   JustBeachyNurse
    Two major carriers are NSO and Marsh/ProLiability. Both offer online quotes and they are offer similar coverage at reasonable costs
  13. by   elkpark
    A number of people here have also posted that they have coverage as a rider on their homeowner's insurance. I don't know the details of how that would work; I have always been more comfortable dealing with a company that specializes in liability insurance for nurses.

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