Malpractice Insurance For Nurses
Do you need to consult with an attorney regarding your nursing license or other professional licensing matter? Call (530) 232-9280 to schedule a free consultation with a nurses attorney.
Nursing malpractice insurance (also sometimes referred to as professional liability insurance) can help protect you in the event that someone makes a malpractice claim against you. Is that likely to happen? Hopefully not, but just as with other types of insurance (such as your auto or homeowners policies), the cost of the annual premium may be worth it when measured against the potentially life-changing cost of a claim.
If you are self-employed as a nurse, you’ll certainly want to purchase nursing malpractice insurance. But what if you’re employed by a hospital, medical center, physician’s office, staffing agency, or other organization? It still may be a good idea to pick up your own nurse malpractice insurance. Having your own policy will ensure that you can retain your own attorney, and it will also safeguard you in the event that the legal costs exceed the limitations of your employer’s policy.
When purchasing a nursing malpractice insurance policy, it’s important to consider:
• the cost of the annual premium
• the deductible
• the limits of the liability coverage (the maximum the plan will pay out – typically at least $1 million)
• the scope of the coverage
• the reputation and financial stability of the malpractice insurance carrier
If you’re looking for a nursing malpractice policy, check with the nursing associations that you belong to – organizations will often have member discounts or special rates on professional liability and malpractice insurance.
Please note: Kevin Keaney is a member of TAANA, which is an association for nurse attorneys. He has more than 30 years experience as a lawyer, and 4 years experience as a practicing nurse.
Nurses attorney Kevin Keaney helps nurses in Texas, Oregon, and Washington defend their licenses.