Supplemental malpractice insurance

  1. Hi,
    I'm starting my first NP job next week, and my malpractice insurance is paid for by my employer. However, is it advisable to purchase supplementary insurance for myself? I don't know yet how how coverage how I will have-what do you think is a reasonable amount to carry?

    Thanks for your help.
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    About BCgradnurse, MSN, RN, NP Guide

    Joined: Sep '07; Posts: 5,735; Likes: 21,087

    7 Comments

  3. by   traumaRUs
    It is wise to have your own malpractice insurance. Though your employer will cover you also, it is best to have someone in your corner who is only interested in YOU.
  4. by   sirI
    Agree with traumaRUs.
  5. by   BCgradnurse
    Thank you both for the good advice. Do you have any recommendations for insurance companies I should consider?

    Thanks again.
  6. by   sirI
    Quote from BCgradnurse
    Thank you both for the good advice. Do you have any recommendations for insurance companies I should consider?

    Thanks again.
    Personally, I use NSO.

    Should I Carry Malpractice (Liability) Insurance?
  7. by   traumaRUs
    Me too.
  8. by   BCgradnurse
    Thank you both again for your help. I also discovered that if you are a member of Sigma Theta Tau you can get a substantial discount through them.
  9. by   Sheri FNP-C
    I found the best rates with Marsh Ins. for the same coverage as NSO it will be about $300 less per year. Before you buy additional coverage, get more details from your employer. My future employer tells me that they will pay my premiums for malpractice ins., I just have to give them the bill. Since it will either be NSO or Marsh, the same as I would buy for myself, I am not going to purchase a second policy. That wouldn't make any sense. If the practice is just adding you on their existing practice or MDs policy then I would get my own coverage.

    Good luck!

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