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I carry Liability Insurance, primarily because I live and work in one of the most litigious states. Liability insurance is not only for lawsuits. It also pays legal fees up to $10,000 to defend you in licensure issues.
Look at it in this manner: the yearly premium for malpractice insurance is typically less than the hourly rate charged by the average attorney.
I have it, and cannot work for agencies without malpractice. I will make sure that is always paid each June. I heard, though, through calling them that to defend your license, the nurse has to pay the attorney upfront for NSO. I discovered that days before I called in my payment. Now, I am going to search for another, but NEVER would I walk without it.
Definitely continue it. You need to ensure against possible litigation that could arise from patients for whom you cared in the past. Don't let it lapse.
Also, if you will notice, your liability covers out of hospital as well:
You didn't need to worry if you provided emergency assistance outside of work or volunteered time as a nurse in your community. You were covered 24 hours a day
And, please note that NSO might adjust your premium rates. You may be able to receive a 50% discount on your premium and adjust your coverage if you are not currently working as a nurse, but still carry an active license to practice.
There is definitely a need to carry the Liability Insurance. Especially in this day and age where lawsuits pop up all the time. And I agree with the rest, it definitely will pay off in lawyer's fees alone. I carried it as a student and continued once I was licensed. It is always best to have the insurance to fall back on.
nursemn
24 Posts
i have been off work for 1 year and a half and still carry Liability Insurance through nso
does anyboy carry liability insurance is it just a rip off , and should i carry it even though i'm not working??? help