Liability Insurance

[trepeace]

Soooo does anyone have a nurse insurance (liability) policy? If so, with whom? How much is the coverage? How much coverage do you have? and Was there a waiting period before it became active?

[JustBeachyNurse, LPN]

Effective next day. About $100/year for $1M/$6M coverage as long as I'm an employee not an independent contractor. Covers HIPAA accusations, license defense, depositions, and more. NSO was preferred vendor in school and I just stayed. The other major carrier is Marsh/ProLiability. Both offer free online quotes with full descriptions of the policy coverage. Both offer new grad discounts within 1 year of licensing. Rates are similar for much of the country

[TheCommuter, BSN, RN]

Insurance premiums depend on the state where you are located. In the vast majority of states, nursing Liability Insurance can be obtained for $100/yearly with coverage limits of $1 million per incident and $6 million aggregate.

I live in a litigious state where the insurance is significantly more expensive and the coverage limits are lower due to aggressive jury verdicts here. For the longest, NSO was charging $200/yearly with coverage limits of $100,000 per incident and $300,000 aggregate. Until recently, Marsh Affinity/Proliability had stopped offering coverage here.

Many nurses also obtain the professional liability insurance through their homeowner's insurance policies as an additional rider added to the coverage.