Is employer-provided malpractice enough coverage?

[christinaFNP4]

I will be starting my first job as a NP since graduating. I have concerns regarding the malpractice coverage being provided by my employer. Here are the details:

I would be added to my supervising physician's professional Liability Insurance. It is a claims made policy with shared limits of liability (meaning two people on one policy sharing the same limits of $250,000/750,000 claim/aggregate). I asked the rep about getting my own tail coverage and was told the following:

1. In almost every instance, a NP is covered under the physicians policy on a shared limits basis.

2. With shared coverage, the NP will not need to worry about tail” coverage since it is included on the physicians policy.

Can any NP with experience in this please shed some knowledge? (BTW I live in Florida) I appreciate any help!

[TammyG]

It is much less common for employed NPs to purchase their own coverage than it is for employed RNs. In part this is because many states require that all prescribing providers carry their own individual malpractice policy (whether this is paid for by the company or the individual). In any event, I believe your coverage level is woefully inadequate. Most states require a 1,000,000/3,000,000 policy be in place. There are several commercial carriers including NSO and pro liability. You can get a 2,000,000/6,000,000 policy at pro liability for $800 per year.