Nurse liability insurance

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I am a new graduate nurse and really would like to know everyones' opinion about nurse . Does anybody have specific information about what to get and which companies serve them best. Thanks in advance.

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Specializes in Case mgmt., rehab, (CRRN), LTC & psych.

The two main companies that issue nursing liability policies in the US are Nurses Service Organization (NSO) and Marsh Affinity (Proliability).

If you are a homeowner, you can also add a professional liability rider onto your homeowner's insurance policy.

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https://allnurses.com/general-nursing-discussion/malpractice-insurance-800416.html

This is one of the things you ask before you buy. Some will cover you for something that happened whenever so long as you are paying premium NOW. Some will cover you for something that happened whenever if you were paying premium THEN. Ask. Never, ever be afraid to ask.

Some folks will say that they have heard that only people with insurance get sued, under the "deep pockets" theory of litigation, or that the hospital's insurance will cover you for nursing malpractice. Neither is true. Problem is that if your hospital has a judgment against them for something you did, they don't pay it, their insurance carrier pays it. And then, no matter what the hospital promises you, the insurance carrier is entitled by law to recover their losses...from you. My dad wrote insurance on hospitals for years and told me never, never, never go "bare" (without my own insurance) unless I was perfectly comfortable living under a bridge, with no real estate, no money, and no car.

Yeah, I know, there are laws protecting some assets under bankruptcy. But they could garnish your wages more or less in perpetuity, and that wreaks hell with your credit rating. You wanna deal c that? Not I, since decent malpractice insurance is good for short money.

Make sure the policy you buy is clear to you: Does it cover you only while it's in force (while you're still paying for it), or does it cover you for things that happened while you were paying for it in the past, even if you aren't working now and don't think you need insurance? Be sure it pays for your own lawyer, too, or supplies one to defend you (never, never rely on the hospital's lawyer to defend you-- conflict of interest there; they do not have your best interests at heart no matter what they say).

https://allnurses.com/general-nursing-discussion/malpractice-insurance-rns-787067.html

Do all Nurses need Malpractice Insurance

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Specializes in Healthcare risk management and liability.

https://allnurses.com/general-nursing...sk-999441.html

I am of the opinion that buying your own coverage may be a good thing, as long as you are making an educated decision as to what it actually does and does not cover. Most nurses buy it under the mistaken belief that if they are involved in a malpractice claim or a BON investigation, that CNA or Liberty Mutual insurance will retain a lawyer for them and represent their interests, and this only happens in very narrow circumstances in which your own coverage will be triggered. But there are other coverages in the policy which can also be valuable to the purchaser.

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Specializes in critical care, ER,ICU, CVSURG, CCU.

I keep 1million umbrella at my farm, I have ......i have NSO, but am not happy with them, but I will try to get over it ))smiles((

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