Quote from rn/writer
Defending yourself (even if you have done nothing wrong) can cost far more than buying a policy.
Yes -- the first hour
of an attorney's time will cost you more than the annual insurance premium for most nurses.
There's another thing that sometimes doesn't get mentioned in these discussions. Everyone is so focused on being sued for malpractice but the reality is that, statistically, nurses have a pretty low chance of ever getting sued (hardly worth mentioning, even). However, the standard individual professional liability (malpractice) policies also provide coverage for legal representation if you have to defend your license before the BON, and if you're called as a witness in a suit against someone else
(oh, say, a physician you work with -- they do
get sued ...
) Your employer's insurance won't cover you if you have to go before the BON, and, depending on the specifics of a lawsuit in which you might be called as a witness, your employer's insurance might not be covering you in that situation, either. In both those cases, you'd certainly
want to have legal representation and, again, the first hour you pay an attorney will cost you more than a whole year's premium for the insurance.
Also, many people like to volunteer in various ways in the community, their church, etc., as a nurse. Your employer's insurance only covers you when you're at work, working for your employer
(if it even
covers you then, which is a whole different topic). Your own individual coverage covers you any time or place that you're practicing as a nurse
, whether or not you're getting paid for doing so, so you're covered if you're volunteering somewhere, stopping at the scene of an accident, helping a neighbor, "moonlighting" at a second job, or any other kind of nursing you may choose to do.