Should I Carry Malpractice (Liability) Insurance? Should I Carry Malpractice (Liability) Insurance? - pg.18 | allnurses

Should I Carry Malpractice (Liability) Insurance? - page 18

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  mago8388 profile page
    0
    Quote from sirI
    Hello, !Chris

    Like VickyRN said, I, too, advise my students to secure personal/individual liability insurance. But, I advise them to purchase while still a student.

    With NSO, these rates are around $29 /year for 1,000,000/6,000,000 coverage. It is rare a nursing student is successfully sued, but they are named in lawsuits. It is, as I pointed out, a small fee for peace of mind.
    $29/year sounds great? Where can I sign up for this insurance?
  2. Visit  Rose_Queen profile page
    1
    Quote from mago8388
    $29/year sounds great? Where can I sign up for this insurance?
    The quoted post is from 7 years ago and refers to the student rate. The student rate is lower than the licensed nurse rate which is lower than the advanced practice nurse rate. Currently, I pay $109/year for my policy through NSO.

    The two most commonly mentioned are from NSO and Proliability. Both offer options to obtain quotes on their websites.
    sirI likes this.
  3. Visit  sallyrnrrt profile page
    0
    I do not know about NSO...I have had malpractice with them since maybe 2007.... This past year when I attempted to renew...... And paid from their invoice..... I kid you not....they told me they were "trying to locate my account".... I have very little faith in a malpractice insurance company.....that I have had policy with for nine years, who all of a sudden, "can not find my account".....how can they represent me, if they can not find a tenured client's account.... Multiple emails, went unanswered.... So if they could not find my account after three months... I demanded refund... Not only was that request not responded to.... So when it comes to NSO...."buyer beware"...I am seeking private malpractice ins...coverage, they took my money for nine years, and all of a sudden...."can't find my account "...glad I really did not need them....
  4. Visit  JustBeachyNurse profile page
    0
    Quote from sallyrnrrt
    I do not know about NSO...I have had malpractice with them since maybe 2007.... This past year when I attempted to renew...... And paid from their invoice..... I kid you not....they told me they were "trying to locate my account".... I have very little faith in a malpractice insurance company.....that I have had policy with for nine years, who all of a sudden, "can not find my account".....how can they represent me, if they can not find a tenured client's account.... Multiple emails, went unanswered.... So if they could not find my account after three months... I demanded refund... Not only was that request not responded to.... So when it comes to NSO...."buyer beware"...I am seeking private malpractice ins...coverage, they took my money for nine years, and all of a sudden...."can't find my account "...glad I really did not need them....
    Happened to me. I'm still waiting for a response
  5. Visit  tokmom profile page
    0
    So, we really don't need insurance?
    NSO holds my claim because I've always heard of them by instructors. Which company, if we need insurance, should we go with?
  6. Visit  RiskManager profile page
    2
    Quote from tokmom
    So, we really don't need insurance?
    NSO holds my claim because I've always heard of them by instructors. Which company, if we need insurance, should we go with?
    Bear in mind that NSO is just the insurance agent. CNA is the insurance company that writes the actual policy. NSO just collects the premium, passes it along to CNA minus the commission, and does some servicing of the policy. You have two real choices for the insurance, CNA or Liberty Mutual. You can buy the policies from other insurance agents, and you need not go through NSO or ProLiability, the agent for Liberty Mutual.
    NoctuRNal_UnicoRN and sirI like this.
  7. Visit  tokmom profile page
    0
    Quote from RiskManager
    Bear in mind that NSO is just the insurance agent. CNA is the insurance company that writes the actual policy. NSO just collects the premium, passes it along to CNA minus the commission, and does some servicing of the policy. You have two real choices for the insurance, CNA or Liberty Mutual. You can buy the policies from other insurance agents, and you need not go through NSO or ProLiability, the agent for Liberty Mutual.
    So can we just google CNA an go straight through them an leave out the middleman?
  8. Visit  RiskManager profile page
    0
    Quote from tokmom
    So can we just google CNA an go straight through them an leave out the middleman?
    I am pretty sure that for individual nursing coverage, CNA is not a direct writer. This means that you cannot buy CNA insurance directly from CNA, you have to go through an agent. If you already have an insurance agent that handles your auto, renters or homeowners, etc., I would ask that agent if they can place the coverage for you.

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