High Risk Student Liability Insurance

Published

Specializes in ICU and psych and dialysis.

Hi! So, I diverted medication as an RN, had a regulatory complaint, completed all the necessary programs and fines. I have since almost completed school for PMHNP. I am getting ready to start clinicals and I keep getting turned down for NP Student Liability Insurance related to the ding on my license. 

Does anyone know of a company that accepts things like this??? High-risk...anything???

I hate to think I have wasted $60,000 on a partial degree I can't use.

Help!

Up Vote Up Vote ×
Specializes in Critical Care.

Following.  Many of us who will come out the other side of monitoring are interested to know as well.

 

is there anyway you could ask your professors/deans about quality/reputable high risk student malpractice ins?  Even if you need to ask “just for a old colleague”?

Up Vote Up Vote ×

Do you have restrictions on your license?

I reached out to a company to see what they would say as this is a concern to me as well. This is the reply I got.  Its pretty vague and unhelpful. 

I am terrified of even going back to school to have to face this junk...

"Thank you for contacting Nurses Service Organization at www.NSO.com regarding your professional . Please accept our apology in the delay of our reply.

 You may complete the attached application and fax back to our New Business Department via 800-758-3635. Per the attached application there are underwriting questions. You would be required to submit additional information pertaining to any open claims or if you are aware of any claims at this time.  Our underwriters will review all information submitted with your application and advise if approved or declined. 

On behalf of NSO we want to thank you and all of your nursing colleagues for everything you are doing to fight this pandemic and care for our patients -be safe. 

Should you need further assistance, please do not hesitate to contact us at [email protected] or at our toll free number 1-800-247-1500 weekdays between the hours of 8:00 a.m. to 6:00 p.m. Eastern Time."

Up Vote Up Vote ×
Specializes in ICU and psych and dialysis.

No restrictions and successfully completed all programs, fines, and requirements. Just always going to be a black mark on my license. There are policies willing to write in finding, however it’s about $2500/year or more. I’m hoping as it gets farther away and as the years go one without incident, it will be easier and less expensive to be covered. 

Up Vote Up Vote ×
Specializes in retired LTC.

Could any of the insurance companies you've reached out to make any suggestions or referrals to some company that DOES provide the higher risk insurance??? Like how you get a referral from your retiring plumber for another plumber he could recommend?

Just a thought - that' s how I really got my current plumber.

Up Vote Up Vote ×
Specializes in Psych, Addictions, SOL (Student of Life).

This is going to be state and facility specific. Our facilty hires nurses with license issues as long as the BON has approved them to work.

IF you are in Southern California You can PM me and I'll tell you all about it.

1
Up Vote Up Vote ×
Specializes in Med/surg.

@Amolucia

did you have any felony charges? If not how did you avoid? 

Up Vote Up Vote ×
Specializes in retired LTC.

S3ms3m - Not me for your question. Sorry!

Up Vote Up Vote ×
Specializes in Med/surg.

Sorry! Question was meant for yelly23

I just received an investigation letter and am terrified. 

Up Vote Up Vote ×

How’s it going with this topic? I’m in same boat in FNP track but haven’t started clinical yet. Have an unrestricted license but looking for a new job now has been so discouraging and has me worried about jobs as a NP now too

Up Vote Up Vote ×
Specializes in psychiatric nurse clinical specialist.

Hi

I can relate to the topic. I have been dropped from my  psychiatric due to a civil claim they settled for a client who suicided. I can not find another insurance that would be willing to take me on. Any suggestions greatly appreciated.

Up Vote Up Vote ×
Specializes in oncology.
On 4/10/2021 at 8:09 PM, yelly23 said:

There are policies willing to write in finding, however it’s about $2500/year or more. 

OK, I am naïve, I don't know what the price of NP malpractice usually is. For a floor RN (not maternity, did not give chemo etc) I believe I paid $100/ per year, very low fees. However, that is because RNs are not usually included in a malpractice case because the hospital has deep pockets. .The insurance company does not expect to redeem any money from the RN.  The hospital has the $$ they expect to recover, they are the money target.

However, an NP has so much more latitude in RX and follow up care. Would you be an IPN?  Could this be the reason they are hitting you for $208 per month? Will it go down every year in the absence of claims?

Here is a suggestion....Have you contacted an independent insurance agent? We found much better deals for our historic house insurance when our agent 'shopped around'. 

 

32 minutes ago, Martha Boulton said:

I have been dropped from my  psychiatric malpractice insurance due to a civil claim they settled for a client who suicided.

 

On 4/9/2021 at 2:27 PM, yelly23 said:

So, I diverted medication as an RN, had a regulatory complaint,

 

There are consequences for  past actions and outcomes whether you are at fault or not. I am sorry...in the insurance world your record outweighs most good you have done or provided for your patients. 

Best wishes for a good outcome.

Up Vote Up Vote ×
+ Join the Discussion