Nursing Malpractice Insurance in Vermont
What is Nursing Malpractice Insurance?
Physicians and surgeons aren’t the only ones who can face medical malpractice lawsuits, as nurses can also be individually named in suits. For this reason, nurses in Vermont can often benefit from the protections that nursing malpractice insurance affords.
Nursing malpractice insurance is a specialized form of professional liability insurance for nurses. Like other professional liability and medical malpractice insurances, the coverage usually pays for attorney fees, court fees and settlements associated with covered claims.
Because nursing malpractice policies are so specialized, it’s wise to work with an insurance agent who specializes in this particular type of medical malpractice when choosing a policy.
What Vermont Nurses Need Nurse Insurance?
In general, most nurses that practice in Vermont stand to benefit from the protection that nurse insurance provides. This extends to nurses at all levels of nursing, including:
- Nurse practitioners
- Registered nurses
- Licensed professional nurses
Additionally, nurses frequently need the coverage irrespective of what academic degree they attained, where they work or what specialty they're in. Nurses in primary care facilities, assisted living facilities, nursing homes, clinics and hospitals can all be named in lawsuits (and this isn’t a comprehensive list of workplace settings).
Do Employers Provide Malpractice Coverage for Their Nurses?
Many employers do provide malpractice coverage for employed nurses, but there are multiple details to consider before relying solely on an employer-provided policy.
First, an employer may simply not carry as much coverage as nurses would like them to. Even if an employer’s aggregate limit appears substantially high, keep in mind that this limit may have to be spread across the organization and other providers if there’s a major claim. Nurses should be certain that they’re comfortable with the amount of coverage provided.
Second, nurses who are independent contractors -- and not technically employees -- might not receive coverage from an employer’s policy. Subcontractors aren’t treated the same as employees, and therefore should carefully check whether an employer’s coverage extends to them.
Third, any employer-provided coverage that nurses do have is usually limited to when working for that particular employer. The coverage is unlikely to extend to side gigs or pro bono work that a nurse might do. These efforts might be covered by another organization's policy, or they may require an individually purchased one.
All three of these items are issues that an experienced insurance agent can help nurses sort through.
Do Patients Know Whether Nurses Carry Nurse Insurance?
The only way patients would learn that nurses carried nurse insurance is usually if the information was voluntarily divulged by the policyholder. A nurse’s coverage (or lack thereof) is generally considered confidential information until a lawsuit has been filed. Thus, it’s unlikely that purchasing a policy would make a nurse more likely to be sued.
What Limits Should Nurses Select When Purchasing Malpractice Insurance?
What limits nurses should select is ultimately a personal decision, but it’s one that should be made in consultation with one’s risk tolerance, scope of work, length of tenure and employer-provided coverage. An insurance agent can assist with this assessment.
How Much Are Premiums for Nursing Malpractice Policies?
Premiums for nursing malpractice policies vary. Even with variance in policy cost, however, these policies tend to be affordable. They're almost certainly more affordable than what a major liability lawsuit could cost with all of the associated expenses.
Where Can Vermont Nurses Get Nursing Malpractice Insurance?
For help with nursing malpractice insurance, contact the independent insurance agents at T.S. Peck Insurance. Our Vermont agents are familiar with many types of medical malpractice policies, and they can help you find a solid nursing malpractice policy.