Malpractice insurance, which level is best?

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  1. Malpractice insurance, which level is best?

    • 6
      2,000,000/4,000,000
    • 2
      1,000,000/6,000,000

8 members have participated

Specializes in Family Nurse Practitioner.

I've decided to buy from CM&F Group. I'm unsure about which limit of liability to choose. The options are (Per Incident / Aggregate Limit) 1,000,000/6,000,000 which costs $102 and 2,000,000/4,000,000 which costs $117. Which would you choose and why?

I will be working in the ED come January, but will keep my PRN job in Med-Surg/Oncology.

p.s. yes malpractice is spelled wrong in the title.

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Specializes in Education, FP, LNC, Forensics, ED, OB.

Hello,

I corrected your title. :)

Normally, I advise someone to get as much as they think they can afford, but no less than 1 million per incident. A lot depends upon the individual's job duties. Job risks differ from one nurse to another.

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Specializes in Nurse Leader specializing in Labor & Delivery.

It would make more sense to me to get the higher coverage. It's an extra $15/year, but could mean the difference between bankruptcy and not.

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Specializes in Education, FP, LNC, Forensics, ED, OB.

I agree, klone.

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Specializes in Family Nurse Practitioner.

What about the max coverage of 4 vs 6 million? Does that not matter because the likelihood of being sued more than once is not very high?

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Specializes in L&D, infusion, urology.
What about the max coverage of 4 vs 6 million? Does that not matter because the likelihood of being sued more than once is not very high?

Few nurses are sued more than once a year, and those that are might need to take some time for introspection. :yes:

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Specializes in Family Nurse Practitioner.
Hello,

I corrected your title. :)

Normally, I advise someone to get as much as they think they can afford, but no less than 1 million per incident. A lot depends upon the individual's job duties. Job risks differ from one nurse to another.

I've been reading a little more about the two types of insurance. NSO will cover you for issues that come up from the past. Is that a better option?

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