Nursing Liability Insurance
Nursing liability insurance is coverage that license-holding nurses purchase
for protection if malpractice lawsuits are filed against them. Not all nurses carry this insurance, nor is it
required by state law in every state. Many employers require nurses to carry this insurance to even obtain
employment. Other employers may offer their own malpractice coverage for nurses. Usually large institutions, such
as hospitals or schools, provide their own coverage.
This coverage varies in price, depending on the nurse's status, the field of work and the
insurance company. Most providers offer coverage that is detailed, allowing nurses more specific provisions. For
example, nurse practitioners who perform the same tasks as doctors usually have higher insurance rates for their
field of work. A registered nurse who doesn't work in direct care with patients, but works in an office instead, is
likely to have a lower rate. State regulations also play an important role in deciding provisions and
Nursing Liability Insurance - Features
Some common things that nursing liability insurance covers include depositions,
time off from work resulting from suspension or court proceedings, travel costs, property damage, personal injury
and litigation fees. Most policies are not this broad in defining what they cover and each of the previously
mentioned items may have exclusions and exceptions. For example, travel expense coverage may have a limit of $500
with one company and $2,000 with another.
Another important coverage that nurses should always look for in liability
insurance is license protection. This coverage will ensure that a nurse's license isn't suspended or revoked during
the litigation process. In some cases, it may be possible to prevent this, but in cases where solid proof doesn't
exist, it is usually a very beneficial provision. Rates are much less than a physician's. Some of the best
companies offer policies between $100 and $200 per year.
Nursing Liability Insurance - What You Should Know
Nursing students must also purchase liability insurance. There are special
policies especially for students. It is best to purchase this coverage, even if the school has insurance. Sometimes
the school's insurance isn't sufficient. There is a common misconception that having liability insurance increases
the risk of attracting a lawsuit. Patients don't know who does or doesn't have insurance, so this isn't
Nursing professionals should always have nursing liability insurance. It is much
better to have it and not need it than to need it and not have it. Another important thing for hospital nurses to
remember is that their employer's insurance may not be sufficient. It is best to review their policy and the
purchase and additional personal nursing liability coverage if needed. Hospitals have the highest occurrence of
malpractice lawsuits, so this is important.