Should I Carry Malpractice (Liability) Insurance? - page 16
by sirI Admin | 206,967 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
- 0Jun 2, '11 by turnforthenurseRNAs a new grad RN starting in progressive care by the end of this month, I am seriously considering purchasing malpractice insurance. I got a quick quote from NSO. First year (discount), employed full-time, living in Texas...at $126.50 for only $100,000/$300,000? And it seems like that is all the coverage that is offered.
Should I go with it or find another company that offers more coverage?
- 1Jun 2, '11 by Lindsey McGrawSince I am older and wiser, absolutely do not work without malpractice insurance. Take a look through the recommendations of nurses on the blog.... NSO is a good choice and one I have used for many years. Presently working in a supervisory capacity would not even consider working without coverage. Carefully watch some of the lawyers ads on TV about medical negligence etc. that should make your decision an easy one.
Best of Luck!!- in your new exciting nursing career.
- 0Jun 3, '11 by turnforthenurseRNQuote from nrskarenrni decided to get a quote from proliability and they offer a lot more coverage....1m/6m with a $45 premium or 2m/4m with a $53 premium...those seem like a better option to me? or should i just go with the $100,000/$300,000 with nso? it just seems a lot more expensive for a lot less coverage ($126.50).melosaurrn, that is what most companies are offering and should suffice for new grad.
though i'm also confused on how those premiums work...is it for every month/every 6 months? is the $126.50 quote that i got from nso every month or for every 6 months?Last edit by turnforthenurseRN on Jun 3, '11
- 1Jun 3, '11 by sirI, MSN, APRN, NP AdminQuote from melosaurRNProliability is one of the selections on the 1st page.I decided to get a quote from Proliability and they offer a lot more coverage....1m/6m with a $45 premium or 2m/4m with a $53 premium...those seem like a better option to me? Or should I just go with the $100,000/$300,000 with NSO? It just seems a lot more expensive for a lot less coverage ($126.50).
Though I'm also confused on how those premiums work...is it for every month/every 6 months? Is the $126.50 quote that I got from NSO every month or for every 6 months?
This coverage sounds good. And, it does include coverage should you require an Attorney.
It pays to shop around to find the coverage that is right for you.
- 2Jun 5, '11 by browpe24I am so thankful that I read this article. Thank you for the pointers. After reading through all of the comments. I think that I will do some shopping around. I might even go through the proliability. I want to have the most coverage as possible. thank you melosaurRN.Last edit by browpe24 on Jun 5, '11
- 1Jul 1, '11 by dsp9xcph and associates also offers nursing liability insurance, www.nurseins.com. they have free instant quotes so you can see before you start to apply and their rate was right there with the other ones i looked at. i forget the exact amount but my policy was under $100. i applied online and had all the documents in my inbox in a couple of minutes.
- 0Nov 1, '11 by talaxandraQuote from elkparkActually, my indemnity insurance does cover criminal charges associated with work. I hope I never need to access any legal services, but especially that one!The two nurses in TX have been indicted on criminal charges, which professional liability coverage doesn't cover (there's no such thing as insurance that protects you for being charged with breaking the law), and another member posting on that thread mentioned being involved in a SLAPP (nuisance) lawsuit, and her insurance not covering that. She didn't offer any details, but, from what she did say, it sounds like that suit is not related to particulars of her nursing practice, so professional liability coverage would not cover that, either.
Professional liability coverage protects your license; it's not intended to provide coverage for any legal difficulty one may ever get into (if it was, it would cost a !@#$ of a lot more than $100/year! )