Should I Carry Malpractice (Liability) Insurance? - page 17
by sirI, MSN, APRN, NP Admin | 207,661 Views | 203 Comments
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 not. I am.......... Are you??... Read More
- 0Nov 9, '11 by sirI, MSN, APRN, NP AdminQuote from serenityk579Look on the first page and find some companies.So then what would be good companies to look into for this? I live in WI...doest that make a difference???
Many, many nurses use NSO. For an LPN in WI, employed full-time and not a newly licensed nurse, premiums are around $107.00/year for 1/6 coverage.
- 2Nov 10, '11 by talaxandraTo summarise: whatever state you live in, whatever kind of work you do, all nurses should have indemnity insurance. Pick a company from the list sirI provided on the first page, in the first post, or call around and compare. For me it's like travel insurance - if I can't afford to buy it, I can't afford to travel. Or, in this case, work.
Well, in Australia I can't work - indemnity insurance is a condition of registration for all health professioanls here.
- 0Nov 16, '11 by Langata145Yes you should carry malpractice insurance. There has been a 21% increase in nursing disciplinary action over the past 5 years and in the event that you face the state board of nursing you will need legal representation. I recommend at least starting with a prepaid legal plan (about $17.000 per month) You will need a lawyer who specializes in license law.
- 0Nov 16, '11 by sirI, MSN, APRN, NP AdminAs with any plan, the consumer must check out any plan including all fine print.
PPL Plans are utilized by many entities where high-risk legal issues are the norm. Some of the areas that are included would be speeding tickets, real estate issues, contract issues, IRS issues.
Malpractice issues tend to be very time and resource consuming and require special experience and skill. So, the consumer must ensure this is definitely in the pre-paid plan.
Also, these plans usually cost much more than "regular" malpractice insurance.
One caveat I always embrace is "buyer beware". Not saying these plans are wrong, just be careful with any product you purchase.
(i've never met anyone who utilized a PPL Plan)
- 0Nov 24, '11 by fltnrse2I don't think your going to find any company to insure you for the previous year. It's my opinion that I wouldn't give any attorney a chunk of cash up front, I would keep it sat aside in a personal account and let it earn interest, then if you need it you have it. I was a little confused in regards to an indemnity policy, I thought indemity policies pay a portion of Hospital/Medical expenses, then your major medical kicks in to pay, some but not all unless you have an arm and a leg to donate! FLTNRSE2
- 0Sep 29, '12 by caffeinHi
I would like to know:
If I didn't have active insurance now as I had stopped working as a nurse for couple of months/years. What if now someone sued me for when I was working and was covered under insurance? Do I still get assistance form insurance company now?
Its a hypothetical situation.