Do you have professional liability insurance? - page 3

Do you have professional liability insurance? Do I need it? I'm trying to find more info on it. I've gotten info from one company that offers it (NSO), but I still have a lot of questions... Any... Read More

  1. by   rebel_red
    I read Jim's article and I understand what he is saying. Yet we have way more than 50K in assests....Filing bankruptcy would not be an option.

    Glad someone reopened the subject for discussion. I popped over to NSO and purchased student insurance. Had been meaning to do it, just hadn't.

    Thanks guys.
  2. by   MelRN13
    I didn't know this would be such a heated subject!

    I still think I will purchase a policy. I'd rather be safe than sorry.
  3. by   Dplear
    cyberkat Lawyers don't know whether you have insurance or not until AFTER the suit is filed. And once it's filed, it's too late to get insurance. They can and will still sue. Your personal assets become more at risk.
    I do not have insurance nor will I get any. The reasons are as Jim describes them. I have a personal friend who is a malpractice lawyer and he tells me the same thing....DO NOT CARRY INSURANCE!!! They are only interested in who has insurance so the can go after them. As for them not knowing who has insurance before the filing of the lawsuit that is wrong. they find that out in the discovery phase of the investigfation/suit whern they depose the witness/defendants. They then can chose to file during that time against anyone they want. Also the hospitals insurance has to cover you for the time period that you worked for them. That is called errors and omissions insurance and they are legally required to cover you for that time period even if you do not work there anymore.

  4. by   SmilingBluEyes
    Paint me ignorant as heck

    thought lawyers could NOT ask WHO had insurance in the discovery phase of a case....

    hmmmm....gotta ask my lawyer friend about this...

    I think that would be criminal.