When a person works in the medical profession it is essential that they carry medical malpractice insurance. Malpractice insurance ny can protect a person is they are used. Last year in New York alone over $763,000,000 were paid out due to a medical lawsuit. This is the highest amount paid to in the United States. It is essential for a nurse to have this insurance or they can lose everything they worked for if they are involved in a lawsuit.
Nurses that work for a doctor or a hospital should have their own malpractice insurance. While their employer has to have this insurance as well a patient and their lawyer may try to come after the nurse and sue them. There are several different coverage options for nurses under malpractice insurance.
Professional Liability Coverage
This will a nurse for the amount of one million dollars for each claim they become obligated to pay as a result of a professional liability or malpractice claim. They will also be covered for up to six million dollars for annual aggregate and for claims that happen during their policy period.
Personal Liability Coverage
This type of malpractice insurance will cover the nurse for claims they have to pay for accidents that happen outside of the workplace. A nurse should have one million dollars in coverage. They will be covered if they help someone outside of their workplace that is in need of medical care.
Defendant Expense Benefits
A nurse can get up to $25,000 annual aggregate and up to $1,000 per day. This insurance will reimburse a nurse for lost wages due to appearances in court, trial, hearings, and other proceedings.
This will cover a nurse up to $25,000 annually. This insurance will reimburse the nurse for hiring defense for charges they are facing. This will also help the nurse pay for a legal defense if a complaint is taken against the nurse to the state licensing board.
This type of coverage is included under malpractice insurance. This coverage is good for a nurse to have since violence in the workplace happens more often than anyone wants to admit. If the nurse is the victim of an assault in the workplace or in their travels to and from work their medical expenses and damage to their property is covered with this police.
Damage to Property or Others
This is also under malpractice insurance. The nurse can be covered up to $10,000 annually. This insurance will cover the nurse if they were found to be responsible for damage to a person’s property while they were at work.
When a person is injured at the place that the nurse works at the nurse may not be named in the lawsuit. They may be subpoenaed to testify if the case does go to court. This coverage will cover the attorney fees for the nurse so they can get proper representation before they testify.
Information Privacy Coverage
Due to the HIPPA laws ,this coverage is important to have. A nurse can get up to $25,000 of coverage annually. If the nurse happens to violate confidentiality and speaks about a patient or their medical information they can get fined and sued. This coverage will help protect the nurse and will help cover additional fines by HIPPA.
These are just some of the coverage options for nurses. Malpractice insurance ny is essential for a nurse to have. One lawsuit can ruin their career and ruin them financially. This coverage will help protect a nurse if they are found to be at fault for a medical mistake.