I am a new grad RN, BSN-- just started my first job in the hospital a couple of weeks ago. My nursing school never emphasized to us to get malpractice insurance and I actually have never heard of any RNs that have it. However, after reading some of the posts on this site, it sounds like some of you guys do.
My question is.. is it important for me to get as well?? Sorry, I really know nothing about legal stuff, so I am currently researching malpractice insurance for RNs but wanted to hear yall's opinion!
Quote from bratmobile
Hi I had malpractice ins but after meeting with my insurance guy who always does a great job keeping my costs down he said I already have a clause in my existing homeowners policy similar to malpractice ins that covers me for inflicting any harm anywhere I go (8-0 lol (even at work) so he said I did not really need extra ins because this one covers my net worth which is what he recommends . So if you have something in place already then u might not need it but I do suggest some sort of coverage and the malpractice wasn't too expensive anyway.. Better safe than sorry!
A number of people have posted here over the years that they are covered by a rider on their homeowner's insurance policy. However, the standard nursing professional liability (malpractice) policies cover quite a bit other than simply paying the judgment if you are sued for malpractice and found liable. They provide legal representation if you have to appear before the BON to defend your license, and they provide legal representation and cover expenses (travel, lost wages) if you are called as a witness in a suit against someone else
(oh, say, some physician you work with). Either of those things is much more likely to happen in the course of a nurse's career than actually being named in a lawsuit.
OP -- my father was a physician, and he advised me 'waaaaay back when I was in nursing school (in the Dark Ages
) to never trust my employer to look out for my interests, and to never work a day without my own coverage. Everything I've seen in my career since then has just proven to me what excellent advice that was. I would never work a single day
without having my own coverage. If something goes pear-shaped at work (which we all know can happen at any time) and you don't already have insurance, you're screwed -- there's no insurance company on the planet
that will sell you coverage for an incident that has already occurred. As already noted, much
better to have it and not need it, than to need it and not have it. I consider it the best ~$100 I spend every year.
Last edit by elkpark on Sep 7, '13
Sep 7, '13
by NRSKarenRN, BSN, RN
I never leave home without it....since 1977.
Proliability offered by Seabury/Smith, discounted as ANA member--about $120.00
Last edit by NRSKarenRN on Sep 21, '13
: Reason: added company name.