Should I Carry Malpractice (Liability) Insurance?

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    Nurses can be sued at any time, for any reason. Often, allegations brought against you are unfounded, but just being named in a lawsuit gives one pause and can be one of the most stressful times in your life. The nurse feels embarrassed and fears damage to a perfect reputation.

    Should I Carry Malpractice (Liability) Insurance?

    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??

    Nurses can be sued at any time, for any reason. Often, allegations brought against you are unfounded, but just being named in a lawsuit gives one pause and can be one of the most stressful times in your life. The nurse feels embarrassed and fears damage to a perfect reputation.

    The number of Adverse Action Reports (license defense issues) against nurses nearly doubled between 2003 - 2012 - Proliablility
    Your employer's policy may cover you, but only up to a point. Remember: Your employer's policy is created to fit their specific needs and protects them first.

    You may even be told (by your employer hr) that you do not need your own policy. What they do not tell you is that they want you to be represented by their attorneys.

    They do not want "outside" representation for they know that their best interests will not be first and foremost. carrying your own policy will ensure you personal attorney representation when you need it and this attorney will be concerned with only protecting your needs and your best interests.

    All malpractice insurance policies have limits of liability. If you are only covered by your employer's insurance, other defendants employed at your entity may and probably do share your liability limits under the same policy. If you as well as others are named in a suit, your legal costs, including any settlement, could exceed your employer's shared liability limits. This would mean out-of-pocket expenses for you!!

    The following are a few individual carriers:

    It is up to the individual nurse how much liability to carry. $1,000,000/$6,000,000 coverage premiums are approximately $90/year in most states for the RN and $90/year for the LPN.

    Another benefit of carrying individual coverage which extends beyond your employer's limits:
    • license protection

    Many carriers reimburse you up to a certain amount if you are defending disciplinary charges with your Board of Nursing (BON).

    Many policies also address the following (not all inclusive):
    • libel
    • slander
    • charges of confidentiality violation
    • assault on the job


    So, do you carry your own individual liability insurance??

    Small price to pay for peace of mind...
    Last edit by NRSKarenRN on Mar 26, '15 : Reason: updated link
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    Khalesi25, phdewer84, TheCommuter, and 85 others like this.
  2. Visit  sirI profile page

    About sirI , MSN, APRN, NP

    sirI has 'many' year(s) of experience and specializes in 'OB, FP, LNC, Forensics, ED, Education'. From 'USA'; Joined Jun '05; Posts: 92,282; Likes: 24,556.

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    209 Comments so far...

  3. Visit  SuesquatchRN profile page
    1
    Siri, I started looking for clinical spots last week and the first thing I did was reinstate my malpractice. As a new grad RN it is costing me, in NYS, $50 a year for 6mm/1mm coverage. Small price, indeed.

    Thanks for a timely reminder.

    sirI likes this.
  4. Visit  sirI profile page
    2
    Excellent, Sue. Wise decision.
    Kim O'Therapy and SuesquatchRN like this.
  5. Visit  oramar profile page
    2
    One bright spot in my financial year(unemployed but still carrying it) is the fact that my malpractice insurance did not go up this year.
    lamazeteacher and sirI like this.
  6. Visit  sirI profile page
    0
    That is good news, oramar.
  7. Visit  cjcsoon2brn profile page
    2
    That's really interesting, I honestly haven't put much thought into that. So sirI at what point would you recommend that we look into malpractice insurance? I am still a student but I want to be prepared for these kind of things ahead of time.

    !Chris
    LifeIsBeautiful! and sirI like this.
  8. Visit  Elvish profile page
    1
    Got mine last year!
    sirI likes this.
  9. Visit  VickyRN profile page
    2
    Excellent advice, sirI! I encourage my students to purchase their own liability insurance upon graduation. (In our program, each student is required to purchase liability insurance at a very inexpensive student rate from a provider that contracts with our college of nursing.)
    lamazeteacher and sirI like this.
  10. Visit  sirI profile page
    2
    Quote from cjcsoon2brn
    That's really interesting, I honestly haven't put much thought into that. So sirI at what point would you recommend that we look into malpractice insurance? I am still a student but I want to be prepared for these kind of things ahead of time.

    !Chris
    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.
    lamazeteacher and SuesquatchRN like this.
  11. Visit  donsterRN profile page
    2
    This is excellent information to have!

    My program briefly discussed malpractice insurance with us, but no one (to the best of my memory) actually made recommendations. My nursing journals always have the NSO insurance application at the front of the magazine, but I honestly never really paid much attention. You can bet I will now. As a matter of fact, I'll complete an app today. It's well worth it not to worry about it.

    Thanks again!
    lamazeteacher and sirI like this.
  12. Visit  sirI profile page
    2
    Smart, donster.

    You will receive the same student rates for your 1st year after graduation, too, with NSO.
    donsterRN and SuesquatchRN like this.
  13. Visit  emtb2rn profile page
    2
    got my nso insurance when i was a student. in our litigious society, the small cost of having nursing malpractice insurance makes it almost a no-brainer.
    SuesquatchRN and sirI like this.
  14. Visit  sirI profile page
    0
    You are absolutely correct, emtb2rn!!

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