I'm a nursing student (when do I ever get to sleep again??!) with a 20 year history as a clincial social worker. Because of school, I'm only doing my private practice right now, but have worked either full- or part-time with agencies for most of my career.
I've heard the arguments about not having malpractice insurance, but I don't think they hold water. 1. People do not usually investigate whether or not you have it before filing a grievance or lawsuit, 2. malpractice insurance not only comes into play with clients suing you, it is also there to handle issues with state boards, etc. and 3. who is it really up to to protect your interests? A lawyer on the board of one of the agencies I first worked for after grad school said she thought the agency's policy of telling employees they were covered and didn't need additional malpractice insurance was off-base. As she pointed out, if push comes to shove, the agency will protect itself first and the malpractice lawyers will protect the policy holder.
While I've never been grieved or sued (knock on wood or do whatever ritual will help!), I've seen the turmoil it can cause by witnessing co-workers go through it.
As someone above pointed out, the cost is reasonable - and I'm for ANYTHING that will help me sleep a little better
Off to study for an exam...