Should I Carry Malpractice (Liability) Insurance? - page 5

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  elkpark profile page
    2
    Quote from Titanic777
    Would an individual liability insurance help that RN to keep the job?
    Thank you.
    No -- but it would protect her/him from having to pay for legal representation in court and/or before the BON out of her/his own pocket. The first hour with an attorney would, in most cases, cost more than the typical annual premium for nursing liability insurance.
    NRSKarenRN and VickyRN like this.
  2. Visit  lamazeteacher profile page
    0
    Quote from elkpark
    No -- but it would protect her/him from having to pay for legal representation in court and/or before the BON out of her/his own pocket. The first hour with an attorney would, in most cases, cost more than the typical annual premium for nursing liability insurance.
    Actually a lot of attorneys don't charge for the first consultation, while you're interviewing several to see who you want to represent you.
  3. Visit  lamazeteacher profile page
    1
    Quote from JerzeeMike
    I am a new graduate and I just started my first position as an RN. Heck yes, I bought my own malpractice the moment HR called me and told me I had the job. It really is extremely little to pay for the peace of mind to protect my license that I worked so hard to get.
    Congratulations on graduating, and getting a job!

    Insurance has always been representative of security. Now the health insurance industry's greed demonstrates that it is not always a means of maintaining peace of mind, when crooks become involved. That is always evident when prices/premiums rise dramatically and unrealistically. Watch the money!! (My graduation gift to you.)
    MaritesaRN likes this.
  4. Visit  elkpark profile page
    1
    Quote from lamazeteacher
    Actually a lot of attorneys don't charge for the first consultation, while you're interviewing several to see who you want to represent you.
    Well, yes, but that hour wouldn't actually be working on your case, as you note. The first hour of your selected attorney working on your case would cost, in most cases, more than the actual annual premium for the coverage (a lot more, in most cases) -- and so would each additional hour until the case was resolved.
    talaxandra likes this.
  5. Visit  lamazeteacher profile page
    0
    Quote from elkpark
    Well, yes, but that hour wouldn't actually be working on your case, as you note. The first hour of your selected attorney working on your case would cost, in most cases, more than the actual annual premium for the coverage (a lot more, in most cases) -- and so would each additional hour until the case was resolved.
    Unless the NLRB (National Labor Relations Board) was talked into paying for it......
  6. Visit  MaritesaRN profile page
    0
    Quote from lamazeteacher
    Congratulations on graduating, and getting a job!

    Insurance has always been representative of security. Now the health insurance industry's greed demonstrates that it is not always a means of maintaining peace of mind, when crooks become involved. That is always evident when prices/premiums rise dramatically and unrealistically. Watch the money!! (My graduation gift to you.)

    always carry an insurance if you are working in a clinical environment. Office work vs. floor nurse----a must . This is where it is so high in lawsuits. The reason why the doctors spend a lot of money on this because of the volatility of this nature.....even more if in California...it is a lawsuit business out here. Hope they put a ceiling on that malpractice lawsuits, to discourage ridiculous and irrelevant law suits from some predators out there....
  7. Visit  Kim O'Therapy profile page
    0
    Quote from sirI
    Excellent, Sue. Wise decision.
    I am a brand new RN starting my first job. I've been looking for liability insurance although many do not think its needed. I was involved in a lawsuit over property once and never want to have to go through the legal system not being represented and covered financially. I just wish I could find lower rates in my area. The search continues........
  8. Visit  Kim O'Therapy profile page
    4
    Quote from VACRNA
    Not sure if this has been covered but it you stay within your Standard of Practice you are OK without an individual policy. Another reason is usually you have much deeper pockets standing in front of you. A malpractice lawyer is more apt to sue the doctor or medical institution where you practice
    I do not know if your information is correct or not; however, I found out through my own personal experience (civil matter, not medical) that just because you are right and did everything correctly, does NOT mean you won't be sued. You will still need legal representation and that is expensive without insurance. JMHO.
  9. Visit  ivy1 profile page
    0
    Yes I agree it's good to have it, but I don't flaunt it. A few pts in my career have hinted on the subject, however I just mention that the hospital covers us, because I do NOT want them to know that I have it, otherwise they might think I could be sued personally for any wrongdoing, or think that the hospital has deep pockets with an extra back pocket (my pocket!!) So I keep it under my cap.
  10. Visit  Elvish profile page
    3
    I mentioned earlier that I have it, but I don't advertise the fact either. First, because it's really none of anyone else's business. But beyond that, I don't want anyone forming any theories about why I have it or why I'd need it, or anything. I do my best every day but have no illusions about the hospital being my friend should something awful happen. If they stuck up for me, it would be a most welcome, pleasant surprise, but I surely won't count on it to the point of not insuring myself.
    talaxandra, Ginger80, and lamazeteacher like this.
  11. Visit  KeepingItRealEeyore profile page
    0
    One should carry malpractice insurance. I had malpractice insurance for student nurse when I was in nursing school, and definitiely got it once I became an RN. It doesn't matter where you work , when the crap hits the fan, it is everyone for themseleves. make sure you are protected, because the company only protects the company, not its people. That is just my .
  12. Visit  starletRN profile page
    1
    I was told recently from a student that their instructor told them they didn't need to have it when they got their jobs because the hospital would cover them. I immediately let her know that was not the best advice.

    I'm not sure if that's happening a lot in NS, but my school definitely advised us to get it.
    lamazeteacher likes this.
  13. Visit  letarn2b profile page
    0
    I thought you needed mal insurance once you start nur school.our school requires it.


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