Nurses professional liability insurance coverage can be the best thing for you if you are in the nursing profession. Taking care of people is hard work, and it can sometimes be so exhausting that mistakes are made. Even if you are the best nurse that you possibly can be, there are going to be things that will be out of your control. Don’t take the chance that one of these things might end up killing your career. Prepare yourself to deal with anything that might come along by getting a nurses professional liability insurance policy.
As a medical professional, it’s your job to help others in need. However, you won’t be able to continue doing this if you are not protected yourself, which is why pharmacists will procure pharmacist professional coverage as well. If you don’t have any kind of liability insurance coverage for nurses, then you could be putting yourself at a very great risk. If a case comes along and you don’t have an employer who is willing to back you up financially, then think about what could happen. You might have to pay for your own legal fees, and you could end up having to pay damages.
Important Coverage Issues to Consider
One thing that you need to be aware of when you are considering getting nurses professional liability coverage is that claims are often filed after the fact. Sometimes, there are going to be years before a claim is filed, and you may have switched jobs by then. If you don’t get the right kind of professional liability insurance coverage, then you might not be covered for these incidents. However, if you choose a provider that offers occurrence coverage, then you will be covered for the incident no matter how long it has been since it occurred.
Another thing that you will need to think on before you get a nurses professional liability insurance policy is what level of coverage you are tying to get. If you are just seeking this coverage for the first time, then you might need some help in determining what is the right level. What you can first do is ask some of the nurses you work with how much nurses professional liability insurance coverage they think is appropriate. Those nurses who have been doing the job a long time may have a lot to share with you in this area.
If you cannot get any information about the level of nurses professional liability insurance that you need from your coworkers, then you may be able to speak to an agent or broker and get some of your questions answered. If you work with people who are involved in the professional liability insurance field every day, then you are going to have a much better chance of getting the right level of coverage. These experts will be able to give you some solid advice that will lead to you choosing the right type of coverage.
Evaluate Employer Responsibility
A lot of nurses don’t actually think to get professional liability insurance coverage of their own because they believe that they will be covered by their employer’s policy. If you just assume this and do nothing to find out if it is true or not, then you could be in a world of trouble. Some employers are going to have your back and provide you with help if a claim is made, but this doesn’t always happen. Also, lots of employers only have claims made insurance coverage, and this will not help you if you switch employers and then a claim is filed for a past action.
You may want to inquire with your employer regarding this issue, as it can be something that will help you decide whether or not you want to get some nurses professional liability insurance coverage of your own. Even if your employer does have this type of coverage, there is no guarantee that you will be helped out and allowed to use it if an incident arises. Given the uncertainty of situations like this, it’s imperative that you stop and think about getting some nurses professional liability insurance coverage of your own.
Another thing that might make you want to get nurses professional liability insurance of your own is whether or not your employer has a policy with a large limit on it. If you work for a hospital that has a lot of employees, then there may be a larger limit to the policy. However, you need to consider that there might be claims going on for other nurses as well, so there might not be enough professional liability insurance coverage to go around. As such, it’s important for you to get your own nurses professional liability insurance coverage, and this way you will not have to rely on anyone else.