Malpractice Insurance

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I am just about to begin my first position as an RN.

I am looking into RN . I am aware that it is prudent to have your own policy and not depend on your employers' policy to protect you. I have looked into NSO and CPH for quotes, but I am wondering what I should be looking for, and if anyone has an advice, warnings or recommendations about certain companies and/or coverage?

Thanks.

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Specializes in Complex pedi to LTC/SA & now a manager.

The other vendor is ProLiability/Marsh

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I am curious how many nurses have their own insurance? I have never carried my own except.for.one year.when I was not covered by a doctor I worked for.

I was always told that having your own insurance made you a target.

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Specializes in SNF, home health.

I have had NSO for over 12 years and it only costs me around $100 per year. My employer first required I have it as an LVN and now my nursing school does too.

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Specializes in Cardio-Pulmonary; Med-Surg; Private Duty.
I am curious how many nurses have their own insurance? I have never carried my own except.for.one year.when I was not covered by a doctor I worked for.

I was always told that having your own insurance made you a target.

The facility/doctor that employs you has insurance to cover THEM.... not you. Having your own insurance means you have a lawyer protecting YOUR best interests, not just the facility's or doctor's.

It also provides you with a lawyer to represent you in front of the BON, if need be. The doctor or facility isn't going to give a rat's patootie about protecting your license.

Less than ten bucks a month is worth it to me to protect my ability to earn a living!

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Specializes in Healthcare risk management and liability.

https://allnurses.com/general-nursing-discussion/one-healthcare-risk-999441.html

The above article describes some things to ponder before your purchase. Including the most common misperceptions about the insurance: you will have your own lawyer representing you for all malpractice claims and BON issues. Because of the way the policy language is written, coverage and therefore your own lawyer is rarely triggered. Having said all that, the insurance is cheap, and you might want to buy it for the other coverages or have just in case you are in a situation in which coverage would be triggered.

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