Malpractice Insurance

chiandre · Sep 17, 2014

Try NSO@

http://www.nso.com/insurance‎

amoLucia · Sep 17, 2014

NSO runs about $100/yr or so. That's about $8.50 a month. Well worth it to have coverage that covers YOU and YOU alone. They've been around at least since I was in school (the 1970's). And it seems like a gazillion nurses insure with them.

monkeyhq · Sep 17, 2014

I had my coverage added to my homeowners policy for roughly $100 a year--$500,000 coverage--in the midwest.

It isn't costly, and even if your employer offers coverage, BUY YOUR OWN! Always cover your own behind... :snurse:

MissMoo25, BSN, MSN, RN, APRN, NP · Sep 17, 2014

I heard State Farm is around $100 a year too! I'm gonna see if I can get more info as I am looking myself as a new grad.

elkpark · Sep 17, 2014

Marsh (proliability.com) is the other company, besides NSO, that always gets mentioned in these conversations. A number of posters here have mentioned over the years that they have coverage as a rider on their homeowner's insurance, but I am more comfortable dealing with a company that specializes in professional liability coverage for nurses and other health professionals.

It's not expensive -- get it. Keep it. Even employers who do say that you are covered under their insurance will throw you under the bus to protect the facility in a tight spot. I've seen it happen multiple times.

BSNbeauty, BSN, RN · Sep 17, 2014

I have NSO.

elkpark · Sep 17, 2014

I heard State Farm is around $100 a year too! I'm gonna see if I can get more info as I am looking myself as a new grad.

Check with NSO and Marsh; I believe they both offer significant discounts for new grads (first year of licensure).

firstinfamily, RN · Sep 17, 2014

Marsh has recently changed to Mercer, at least that is what my renewal statement says. I have always had my own malpractice insurance. The orgaization you work for may cover you but they can turn around and sue you also. I have never had to use it but have always kept my own current policy. Usually around $100.00 year although the cost increases with your speciality areas.

monkeyhq · Sep 17, 2014

I heard State Farm is around $100 a year too! I'm gonna see if I can get more info as I am looking myself as a new grad.

This is my carrier, and you are correct. It is around $100 a year.

elkpark · Sep 18, 2014

I had my coverage added to my homeowners policy for roughly $100 a year--$500,000 coverage--in the midwest.
It isn't costly, and even if your employer offers coverage, BUY YOUR OWN! Always cover your own behind...

I've always been curious; when you purchase coverage as a rider on your homeowner's insurance, does it cover all the same things that the standard nurse professional liability policies (from NSO or Marsh/Mercer) cover, or does it just cover if you are personally sued?

LarkBea · Sep 18, 2014

You would have to call your agent and inquire. Not all states offer this as an option on homeowners and if they do, there may be some differences in coverage/limits. I carry a separate policy as I don't believe my homeowner's offers it (will be checking it out though). Good article here on what to look for when purchasing a policy. Don't Make These Mistakes When Buying Your Malpractice Insurance!