NP's Malpractice insurance....

Specialties NP

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I was just wondering, how much is the insurance for a FNP or just a NP in general. I am a BSN student with the hopes of after graduation, passing the NCLEX and a few years experience i will go back to school for my FNP. I live in Ohio, and was curious if anyone here knows the going rate in Ohio, and if you live in another state what do you pay. I was at work the other day and we were talking about doctors . How does the NP's insurance compare. This in no way shape or form keep me from following my dreams just looking for a ballpark estimate!!

I suspect people are far more likely to sue you if you damage their child rather than their grandma.

I don't know I think there are more than a few people that think we all in the medical community should be able to keep grandma and grandpa alive and happily kicking even though they were not that way when they got to us. Iv heard it too many times he/she was fine last week before coming to the hospital (brought to the hospital by EMS)...

:banghead:

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Only $1200 for malpractice.... mine is $1600 and only if I do not see pregnant folk. You do not want to contemplate that figure. My first malpractice bill was $39, way back when I had the sense to work as a staff RN.

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Specializes in CTICU.
I don't know I think there are more than a few people that think we all in the medical community should be able to keep grandma and grandpa alive and happily kicking even though they were not that way when they got to us. Iv heard it too many times he/she was fine last week before coming to the hospital (brought to the hospital by EMS)...

:banghead:

Well, note that I said "more likely" to sue re children, not that Grandma's grieving family won't sue.

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Only $1200 for malpractice.... mine is $1600 and only if I do not see pregnant folk. You do not want to contemplate that figure. My first malpractice bill was $39, way back when I had the sense to work as a staff RN.

Got my bill in the mail: $1,245.00

Now if only their blasted site would work properly they would be getting some more money by now...

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I used to be with NSO, but then I found Marsh and Affinity Ins services. Very competitive rates. I work part time so they offered p/t premium where NSO did not. This was important for my first job b/c my employer did not pay /cover NPs malpractice.

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Specializes in ACNP-BC.
I have been using NSO ever since I was in the BSN program.... No problems so far. My rates did go up significantly after I entered into the nurse practitioner world though.

Yep, I hear you! :) Mine will be $900 or so, but I am so broke right now, I have to wait a bit to sign up for it. I have my hospital's insurance now....not as thorough as NSO, true...but hopefully I can sign up for it when I get caught up with other bills. :)

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Specializes in ACNP-BC, Adult Critical Care, Cardiology.

Marsh Professional Libaility insurance is less expensive than NSO by a lot of dollars. They also offer a 10% discount on you premium if you're an ANA member. However, the limits of liability is lower than NSO - $2M each occurrence and $4M annual aggregate. NSO is $1M each occurrence and up to $6M annual aggregate.

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Why do you all think malpractice rates are so much lower for FNPs than for MDs/DOs performing the same tasks?

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Why do you all think malpractice rates are so much lower for FNPs than for MDs/DOs performing the same tasks?

I have discussed insurance with more than a few doctors. Except for a few their premiums were relatively low for 7 years than more than quadrupled....

Don't worry as the insurance companies get used to us they will bleed us more...

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Why do you all think malpractice rates are so much lower for FNPs than for MDs/DOs performing the same tasks?

The doc paid for my at my first job. He thought that $800/month was a bargain. He almost fainted when I told him it was $800 A YEAR!

Unfortunately, my insurance more than doubled when I became a FNP and I don't even see OB.

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Specializes in Acute Care - Cardiology.

i have been under the impression that if you carry your own independent malpractice that you are more likely to be sued. someone told me that in the past. if, however, you are covered by a blanket group policy, the litigators realize they will not get as much from you... as opposed to someone also having an independent insurance. what do ya'll think about that? because i have thought of getting my own... just don't want to open myself up for higher possibilities of litigation.

how do you know what limits to choose?

also... you get a recent graduate discount if you completed your program within the previous 12 months, just fyi.

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i have been under the impression that if you carry your own independent malpractice that you are more likely to be sued. someone told me that in the past. if, however, you are covered by a blanket group policy, the litigators realize they will not get as much from you... as opposed to someone also having an independent insurance. what do ya'll think about that? because i have thought of getting my own... just don't want to open myself up for higher possibilities of litigation.

how do you know what limits to choose?

also... you get a recent graduate discount if you completed your program within the previous 12 months, just fyi.

unfortunately, i'm not covered under a blanket policy. i'm an independent contractor and i don't have a choice but to carry insurance. all the docs i contract with demand that i have my own insurance.

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