Supplemental malpractice insurance

[BCgradnurse, MSN, RN, NP]

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.

[traumaRUs, MSN, APRN]

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.

[sirI, MSN, APRN, NP]

Agree with traumaRUs.

[BCgradnurse, MSN, RN, NP]

Thank you both for the good advice. Do you have any recommendations for insurance companies I should consider?

Thanks again.

[sirI, MSN, APRN, NP]

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?

[traumaRUs, MSN, APRN]

Me too.

[BCgradnurse, MSN, RN, NP]

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.

[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!