Nurses are essential healthcare professionals who play a critical role in patient care. However, they also face the risk of professional liability, which refers to legal claims against them for errors, negligence, or malpractice.
As such, it is important for nurses to consider obtaining professional liability insurance to protect themselves and their careers. In this article, we will discuss 6 options for professional liability insurance for nurses.
What is Professional Liability in Nursing?
Professional liability in nursing refers to legal claims against nurses for errors, negligence, or malpractice that result in harm to a patient. These claims may arise from a wide range of situations, such as administering the wrong medication or dosage, failing to follow proper protocols, or misdiagnosing a condition. Professional liability claims can result in costly legal fees, damages, and settlements, which can have a significant impact on a nurse’s career and financial stability.
Do Nurses Need Professional Liability Insurance?
While nurses may be covered under their employer’s professional liability insurance, it is important to note that this coverage may not be sufficient to protect them fully in the event of a claim. Additionally, if a nurse changes jobs, their coverage may not follow them to their new employer. As such, obtaining their own professional liability insurance can provide nurses with added protection and peace of mind.
6 Professional liability insurance for nurses
we will review six professional liability insurance providers for nurses, including their pros, cons, and a call to action to help you make an informed decision.
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CM&F Group Professional Liability Insurance
The CM&F Group provides professional liability insurance coverage to nurses at the lowest rates. Their policies cover up to $1 million per claim, which provides sufficient coverage for most legal claims that nurses may face.
One of the advantages of cm&f group is their wide range of coverage options that cater to the unique needs of different nurses. They offer flexible coverage options, including part-time, full-time, or self-employed nurses, ensuring that nurses have access to affordable liability insurance.
Pros:
- Affordable rates for coverage
- Wide range of coverage options
- Coverage options cater to the unique needs of different nurses
Cons:
- Coverage limits may not be sufficient for complex legal claims.
Get a quote from CM&F group professional liability insurance if you are looking for affordable coverage that caters to your unique needs.
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Nurses Services Organisation (NSO):
NSO offers affordable nurse malpractice insurance policies that cater to the unique needs of different nurses. The policies provide coverage for up to $1 million per claim, which offers sufficient protection for most claims.
NSO has been in the insurance industry for over 40 years and has built a reputation for providing reliable, affordable, and comprehensive coverage for nurses.
Pros:
- Affordable rates for coverage
- Comprehensive coverage options
- Good reputation for providing reliable coverage
Cons:
- Coverage options may be limited for some nurses.
If you are looking for affordable and comprehensive coverage, consider getting a quote from NSO.
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biBERK:
biBERK is another reliable professional liability insurance provider for nurses. Their policies are rated 4.9 out of 5 stars, which indicates their high-quality coverage.
They provide coverage for registered nurses, ensuring that nurses have access to tailored policies that cater to their unique needs.
biBERK offers flexible coverage options, including part-time and full-time nurse policies, ensuring that nurses can access affordable coverage regardless of their work status.
Pros:
- High-quality coverage rated 4.9 out of 5 stars
- Affordable rates for coverage
- Flexible coverage options
Cons:
- Coverage options may be limited for some nurses.
Get a quote from biBERK if you are looking for high-quality coverage at affordable rates.
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Proliability Insurance for Nurse Practitioner:
Proliability recognizes the importance of providing comprehensive risk management resources to its policyholders. They provide professional liability insurance coverage for nurse practitioners and offer additional benefits such as legal representation, risk management courses, and consultations.
They provide policies that cater to the unique needs of different nurse practitioners, including part-time and full-time policies.
Pros:
- Comprehensive risk management resources for policyholders
- Tailored policies for nurse practitioners
- Additional benefits such as legal representation, risk management courses, and consultations.
Cons:
- Limited coverage options for registered nurses.
Get a quote from Proliability Insurance for Nurse Practitioner if you are a nurse practitioner looking for comprehensive risk management resources.
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The Hartford is a well-known and established insurance company that offers general liability insurance coverage for healthcare professionals, including nurses.
Their professional liability insurance policy helps protect nurses from claims of medical malpractice resulting from professional services provided.
Pros:
- Offers general liability insurance that can be customized to meet the specific needs of nurses
- A reputable and established insurance company
- Provides 24/7 claims assistance
- Offers coverage in all 50 states
Cons:
- Coverage limits and premiums may vary based on the individual nurse’s qualifications and the specific risks involved
- The application process may be time-consuming and require extensive documentation
- Some nurses may find the policy options too complex and difficult to understand
Get a quote from The Hartford for general liability insurance coverage that can help protect you from potential claims of medical malpractice.
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HPSO:
HPSO is an insurance company that specializes in professional liability insurance for healthcare professionals, including nurses. Their policy options include coverage for malpractice lawsuits, license protection, deposition representation, subpoena requests, and more.
Pros:
- HPSO offers a range of policy options that can be customized to meet the unique needs of individual nurses
- A reputable and experienced insurance company in the healthcare industry
- Offers risk management resources and support to policyholders
- Provides 24/7 claims assistance
Cons:
- Some nurses may find the policy options too complex and difficult to understand
- Coverage limits and premiums may vary based on the individual nurse’s qualifications and the specific risks involved
- Some nurses may find that the premiums are higher compared to other insurance companies
Benefits of Professional Liability Insurance for Nurses
Obtaining professional liability insurance can provide nurses with several benefits, including:
Protection against lawsuits and legal fees
Professional liability insurance can cover the costs of legal fees and damages associated with a professional liability claim, protecting a nurse’s financial stability.
Coverage for damages and settlements
Professional liability insurance can cover the costs of damages or settlements resulting from a professional liability claim, reducing the financial burden on a nurse.
Peace of mind and professional security
Obtaining professional liability insurance can provide nurses with added peace of mind and professional security, knowing that they are protected in the event of a claim.
Access to risk management and legal support resources
Many professional liability insurance providers also offer risk management resources and legal support to help nurses prevent claims and navigate the legal process if a claim does arise. These resources can include online education, webinars, and consultations with legal professionals.
Conclusion
Professional liability insurance is an important consideration for nurses who want to protect themselves and their careers.
While nurses may be covered under their employer’s professional liability insurance, obtaining their own coverage can provide added protection and peace of mind.
The 6 options we have discussed in this article offer customizable coverage options, risk management resources, and legal support to help nurses protect themselves from the financial and professional impact of a professional liability claim.
