Nurses malpractice insurance

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What is the best way to go about getting insurance? How much coverage should a graduate nurse carry?

I just looked at NSO.com. My question now is, what coverage would you suggest? Is it necessary to get coverage for 1,000,000?

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What is the best way to go about getting insurance? How much coverage should a graduate nurse carry?

How about NONE! :yeah:If you don't have any insurance people will not be going after you to try and get money. :banghead:That is what it is all about in the end. So simply... don't! :nurse:

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I just looked at NSO.com. My question now is, what coverage would you suggest? Is it necessary to get coverage for 1,000,000?

Absolutely not! I do not recommend ANY insurance! We live in a sue-happy society. If you have no money they will no go after you! :banghead: If you do, you open yourself so silly lawsuits! :twocents:

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Absolutely not! I do not recommend ANY insurance! We live in a sue-happy society. If you have no money they will no go after you! :banghead: If you do, you open yourself so silly lawsuits! :twocents:

I have assests that I would like to keep! We are building a new home and we plan on living in it for the rest of our lives - thus, we want to keep it! People are going to sue no matter what! I'd rather be covered than loose everything I have.

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Specializes in Education, FP, LNC, Forensics, ED, OB.
I just looked at NSO.com. My question now is, what coverage would you suggest? Is it necessary to get coverage for 1,000,000?

Individual choice. I have 1/6 and always have carried that.

Good to see that you are considering this. You are being wise.....

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I have assests that I would like to keep! We are building a new home and we plan on living in it for the rest of our lives - thus, we want to keep it! People are going to sue no matter what! I'd rather be covered than loose everything I have.

Litigation costs thousands of dollars, coming out of the attorneys pockets, and takes years. They don't go after the average working joe- no money in it. They go after insurance money. That is the system.

Insurance money...money from insurance...lots and lots of money-

-and it involves a big system of malpractice lawyers, hospital lawyers, insurance lawyers, and in this system all of those lawyers make lots of money.

Malpractice insurance companies have their own lawyers to protect THEIR money. How could anyone possibly believe that for the meer price of 100$ a year-he/she would have their own personal counsel to defend him/her against the baddies? 100$? A law firm at your disposal?

If you believe that, then you also say things like "I wouldn't let them settle- I would demand they take it to court". (love that one)

This is a dance they do-(called for jury duty? tell them you have worked for attorneys- they don't want you- you know the dance.)

It is a very different situation than people know- thanks in extremely large part to propoganda from insurance companies and attorneys.

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Specializes in Education, FP, LNC, Forensics, ED, OB.

And, I still have to respectfully disagree with you, Nurse4years.

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Specializes in ER.

The way I understand it, at least in Texas, is that unless the nurse has told everyone and their MeeMaw that she/he has , it is not known by the plantiffs until the discovery phase...by which time the nurse has already been named in a suit. They don't know ahead of time, and go after the money.

As for the other theory here (if I'm understanding it correctly) that the insurance company is only going to protect their money...well yeah. That's kinda the idea. The named nurse is the vehicle to their money. To protect their assets, they have to protect the vehicle. If the covered nurse is found liable for an action, then her insurance pays up. I don't think anybody here is under the delusion that the insurance company cares about us as good, kind people....but they assume the risk of covering me in exchange for me paying my premiums (that hopefully for all are nothing but pure profit for them). As long as I carry an active policy, we're in the same boat.

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Specializes in Rodeo Nursing (Neuro).
Absolutely not! I do not recommend ANY insurance! We live in a sue-happy society. If you have no money they will no go after you! :banghead: If you do, you open yourself so silly lawsuits! :twocents:

I doubt it very often occurs that a patient or his loved ones sits down and contemplates whether to sue his nurse. More typically, they're suing the facility, one or more physicians, and anyone else involved in his care. It costs no extra to add the nurses' names to the list.

Even if you have little or no assets, you have an income, and a judgement against you can be attached to your wages, so along with giving a chunk of your pay to Uncle Sugar, you'll be giving a pretty good chunk to the plaintiff. Instead of working for $20/hr, you'll effectively be working for $15 an hour (or whatever). But only until that $1million dollars (or whatever) is paid off. Plus legal fees, of course...

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Specializes in NICU.

My auto insurance company is totally robbing me each month too, yet I still pay for it .... even though I've never been in an accident and have never had to use the insurance.

I'll still keep paying my $98/year to NSO ..... robbing me or not, at least I'll have peace of mind.

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Litigation costs thousands of dollars, coming out of the attorneys pockets, and takes years. They don't go after the average working joe- no money in it. They go after insurance money. That is the system.

Insurance money...money from insurance...lots and lots of money-

-and it involves a big system of malpractice lawyers, hospital lawyers, insurance lawyers, and in this system all of those lawyers make lots of money.

Malpractice insurance companies have their own lawyers to protect THEIR money. How could anyone possibly believe that for the meer price of 100$ a year-he/she would have their own personal counsel to defend him/her against the baddies? 100$? A law firm at your disposal?

If you believe that, then you also say things like "I wouldn't let them settle- I would demand they take it to court". (love that one)

This is a dance they do-(called for jury duty? tell them you have worked for attorneys- they don't want you- you know the dance.)

It is a very different situation than people know- thanks in extremely large part to propoganda from insurance companies and attorneys.

Like zamboni said - how does a pt know if you have insurance or not? They certainly know that we have income and assests! If I lived in a paper box I wouldn't worry about losing my house. But, I don't live in a paperbox and I do want to keep my house and I would like to be able to continue to send my son to private school. I can't do that if my money is going to someone else.

I suppose you don't agree with any type of insurance then. How about car insurance, house insurance, health insurance, life insurance?

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Attorneys are not going after the working joe. No money in it.

If there was money in it- we would see it happening all the time.

Doesn't happen- but insurance wants you to THINK it happens- this is called propoganda.

They want you to THINK that you would have this big law firm looking out for YOUR interests if you give them 100$ a year.

I used to think the same thing- wouldn't have ever worked without - until I worked for the attorneys. Wow- did it ever open my eyes.

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