liability insurance for nurse practitioners

why do nurse practitioners need insurance?

liability insurance for nurse practitioners

Please fill out the form below for a quote on liability insurance for your nursing practice.

Quick Quote for liability Insurance


Despite extensive training and playing a critical role in healthcare delivery, NPs face several challenges that necessitate the need for malpractice or liability insurance. Here are key areas where nurse practitioners are vulnerable to being sued for malpractice:

  1. Diagnostic Errors: One of the most common areas of vulnerability for NPs involves errors in diagnosis. This can include misdiagnosis, delayed diagnosis, or failure to diagnose a condition. Given the serious implications of such errors on patient outcomes, NPs can face malpractice lawsuits if a patient believes that an incorrect or missed diagnosis led to a worsening of their condition or to inappropriate treatment.
  2. Medication Errors: NPs have prescriptive authority in most jurisdictions, which includes prescribing medications and managing patients’ medication regimens. Errors can occur in prescribing incorrect medications, dosages, or failing to recognize potential drug interactions. Such errors can lead to adverse drug events, harming the patient and exposing the NP to legal action.
  3. Failure to Treat: if an NP fails to provide appropriate treatment for a diagnosed condition, either by not initiating treatment in a timely manner or by choosing an ineffective treatment plan. Patients harmed by such failures may pursue legal claims against the NP for negligence.
  4. Improper Management of Treatment: This involves situations where the treatment plan is appropriate, but the execution or management of that plan is flawed. This could include failure to monitor the progress of a condition, improper use of medical equipment, or failing to make necessary adjustments to the treatment plan.
  5. Lack of Informed Consent: NPs are responsible for ensuring that patients are fully informed about the risks and benefits of proposed treatments and that they consent to those treatments. Failure to obtain informed consent can lead to lawsuits if patients experience unexpected complications or outcomes.
  6. Nurse practitioners need malpractice insuranceBreach of Patient Confidentiality: Patient privacy is a cornerstone of healthcare, protected under laws like HIPAA in the United States. NPs can be sued for malpractice if they unlawfully disclose patient information without consent, leading to harm or distress for the patient.
  7. Scope of Practice Violations: Each jurisdiction has laws defining the scope of practice for NPs. Operating outside of this scope, whether by performing procedures for which they are not qualified or by failing to refer patients to physicians when necessary, can result in malpractice claims.

Malpractice or liability insurance is essential for nurse practitioners to protect against the financial and professional consequences of these and other potential liabilities. This insurance can cover legal defense costs, settlements, and judgments, providing a safety net that allows NPs to focus on delivering high-quality care. Westwood Insurance Group works with a range of Insurance carriers to ensure you get the most suitable coverage at the best price. Get a quick quote today.

what types of insurance do nurse practitioners need?

General Liability Insurance

General Liability Insurance

This is necessary for Nurse Practitioners with their own facilities. It  covers medical expenses and attorney fees resulting from bodily injuries and property damage your facility or organization could be legally responsible for.

Business owner's policy (BOP insurance)

Business owner's policy (BOP insurance)

A Business Owner’s Policy (BOP) is a comprehensive insurance package designed for Medical Professionals with small to medium-sized businesses, providing a blend of liability protection and property insurance.

Professional Liability Insurance

Professional Liability Insurance

Professional Liability Insurance overs any negligence or mistakes made by the individual Medical Professional during their practice. It differs from General Liability insurance, which covers the practice itself. 

Commercial Auto Insurance

Commercial Auto Insurance

This is relevant for Nurse Practitioners who use a vehicle for your practice-related tasks. This insurance covers you against auto accidents, theft, and other vehicle-related incidents.

Workers Compensation Insurance

Workers Compensation Insurance

Workers Compensation Insurance is usually mandated by law, to protect Nurse Practitioner practices and their employees in case of work-related injuries or illnesses.

Cyber Liability Insurance

Cyber Liability Insurance

Covers you against financial losses associated with data breaches, cyber attacks, and other cyber incidents. Insurers will usually conduct rigorous testing of your online system to fix vulnerabilities as part of this policy.

Contact Michael Richards now

Michael Richards, President, Westwood Insurance Group

Michael specializes in insurance for Nurse Practitioners. You can call him or one of the team on the number below or fill out the form and he will get your message directly:

we've got you covered

General Liability Insurance

Protecting healthcare organizations against increasingly crippling litigation.

Professional Liability Insurance

Protecting medical professionals against increasingly crippling litigation.

Medical Malpractice Insurance

Protecting medical professionals against increasingly crippling litigation.

Cyber Liability Insurance

Protecting healthcare organizations & professionals against cyber attacks.

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855.351.7487

insurance for hospitals

Hospital Insurance typically covers all or part of the potential liability for hospital services. It includes medical malpractice, accidents involving hospital employees and equipment, care during surgery or any other invasive treatment, after-hours care arrangements by staff who need help with their children and more.

insurance for long term care facilities

Long term care facilities must protect themselves against potential liability arising from incidents within their facility. Westwood can help you negotiate a package tailored to your long term care facility client.

traditional insurance products

Westwood have fostered exceptional relationships with underwriters and we go to great lengths to keep abreast of their latest products, changes in requirements and restrictions, including having weekly calls with the carriers, which you can see here, by joining our insurance insider group.

    Insurance products at Westwood Insurance Group

    You can find more information on the Insurance Products main page.

    If you have any questions on the different policies, check out our Insurance FAQ’s

    alternative structures

    Westwood President, Michael Richards has extensive experience in setting up alternative structures for larger clients. Here are some examples:

     

    If you think your client could be large and stable enough to benefit from starting or participating in a captive or has a special need for another alternative structure, contact Michael Richards now by phone: 855 351 7487.