What is the best malpractice insurance for nurse practitioners

Understanding Nurse Practitioner malpractice insurance.

Because Nurse Practitioners (NPs) practice across such a wide variety of settings and specialties, and because states vary in their rules and regulations for NPs, it is important that our insurance agents take the time to get to know your unique practice and employment situation. This way, our agents can find you the most appropriate nurse practitioner malpractice insurance policy to ensure you are covered adequately. We do this by working with all of the major medical malpractice insurance carriers in your state. By having relationships with so many carriers, we can also get you the best price.

Be sure to ask your insurance agent if you qualify for any professional discounts. You may qualify for a discount if you are “new to practice,” have not had a recent claim and/or are willing to complete an online risk management course with your carrier.

How much does it cost for nurse practitioner malpractice insurance?

Rates vary greatly from state to state. The cost of nurse practitioner malpractice insurance can range anywhere from $800 to $2,200. When shopping for coverage, always choose an agent who understands your unique situation so they can place you with the right insurance company.

Why NPs choose Cunningham Group

Cunningham Group has helped thousands of nurse practitioners find the right malpractice coverage. We have access to different options in your state to ensure you get the right coverage. If we can’t help you find coverage, which is a rarity for us, we will help you find an agent that can help you. Contact us today to discuss your liability coverage. We’d be happy to get you a quote and answer any questions you may have about medical malpractice insurance or our company.

Our service costs you nothing. In the medical malpractice insurance industry, agent commissions are already built into your premium. You pay the same amount for coverage whether you use an agent or purchase directly from the insurance company. Let us be your advocate. Request your free nurse practitioner malpractice insurance quote now.

Nurse Practitioner brief history and numbers.

Since the development of Nurse Practitioners field in the 1960s, NPs have filled very important roles in the U.S. healthcare system. In addition to serving as high-level team members in medical practices and healthcare settings, NPs now serve as primary caregivers for many Americans in response to a shortage of primary care physicians. According to the American Association of Nurse Practitioners, Americans make more than 916 million visits to NPs each year. And the future for NPs is expected to flourish. According to the Bureau of Labor Statistics, the employment of Nurse Practitioners is expected to continue to grow during the next several years. As of 2020, there are more than 325,000 NPs practicing, according to the AANP.

The Ultimate Medical Malpractice Insurance Guide

We’ve created the ultimate medical malpractice insurance guide for healthcare professionals that can answer almost any question you may have — either before you buy or while you have an active policy. This guide applies to all healthcare professionals in every state.

Why You Need Your Own Insurance Coverage

If you are employed and your employer provides professional liability insurance, the questions you need to ask yourself are:

• If I am sued, would the attorneys be my advocate or my employer’s?
• Could a suit be settled without my written consent?
• Would I be protected from a liability suit filed after I left this job?
• If my employer was sued as a result of something I did could I be sued by my employer?
• Will my employer’s policy pay for all legal expenses and damages up front?

You can’t rely alone on the liability protection provided by your employer. Without your own professional liability protection, you could end up paying all attorney fees, court costs and loss of wages out of your own pocket.

The most responsible, skilled and experienced nurse practitioner can innocently become involved in a malpractice claim or licensing board complaint. The average license defense claim paid for nurse practitioners in 2015 was $4,162. Consider these real-life complaints made against nurse practitioners1:

• Complaints have been filed against nurse practitioners for alleged failure to respond to requests for medical records.
• A nurse practitioner’s computer was compromised and prescriptions for narcotics were issued without authorization.
• A patient, who was a nurse, admitted during a visit that she had been using drugs. The treating nurse practitioner filed a complaint with the board of nursing. In return a complaint was filed against the nurse practitioner for alleged HIPAA violation.

To help make it easier for you to obtain individual coverage, your association sponsors a Professional Liability Insurance Plan designed just for members. Because your association understands your needs, you can be sure that this plan will give you the protection you need.

Plus, applying for your association sponsored Professional Liability Insurance Plan is convenient! Visit Proliability.com to get a no-obligation, instant quote and apply for binding coverage. Why wait? Apply Now!

Eligibility

Where Available

Notes: All association members are eligible to apply.

1Recent board complaints and average claims paid are based on data from Liberty Insurance Underwriters Inc.

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