How much does nurse insurance cost?
Nursing is one of the most important and well-respected jobs in the United States. However, this doesn’t mean that the role comes without risks.
As a nurse, you face unique risks in your day-to-day role. This could be something like an administration or paperwork error that has unexpected consequences, or an allegation of negligent conduct from a patient.
This is where insurance can help to give you peace of mind so you can continue providing a high level of care for your clients and patients.
The cost of nurse insurance will depend on various factors, including:
- Location
- Level of training
- Work type
- Claims history
- And many other factors.
Average nursing insurance costs for top policies
To get a better idea of how much nurse insurance might cost, here is some information on top insurance policies generally purchased by nurses.
Professional Indemnity insurance
Providing care comes with responsibility, and even the most skilled and compassionate nurses can face allegations of mistakes. Professional Liability insurance is designed to protect you if a patient or their family claims that your care caused harm through your negligent practices.
- Policy limits: Up to $1 million per claim, or up to $3 million aggregate for all covered claims within the policy period.
- Approximate starting cost per year by nursing specialty for Professional Liability insurance:
| Registered Nurse | Nurse Practitioner | Certified Nursing Assistant | Licensed Practical Nurse / Licensed Vocational Nurse |
|---|---|---|---|
| $513 | $513 | $513 | $513 |
General Liability insurance
General Liability insurance provides protection against claims of bodily injury, property damage, or personal injury that could occur in the course of your work.
Even though Professional Liability covers errors in care, it does not usually extend to these everyday risks. That’s where General Liability can help to fill this potential insurance gap.
- Policy limits: Up to $1 million per claim, or up to $3 million aggregate for all covered claims within the policy period.
- Approximate cost per year by nursing specialty for General Liability insurance:
| Registered Nurse | Nurse Practitioner | Certified Nursing Assistant | Licensed Practical Nurse / Licensed Vocational Nurse |
|---|---|---|---|
| $513 | $513 | $513 | $513 |
Cyber Liability (malpractice liability)
Protecting sensitive patient information is just as important as providing quality care. Nurses and healthcare professionals often handle electronic records, scheduling apps, and confidential communications. A data breach can put healthcare professionals at risk of lawsuits, fines, and reputational damage. That’s where Cyber Liability insurance comes in.
Cyber Liability insurance options through BizInsure have policy limits up to $1 million aggregate for all covered claims within the policy period.
As Cyber Liability insurance is always sold as part of a package through BizInsure, it is not possible to get a starting monthly cost per occupation. Instead, you may wish to use the BizInsure platform to get a free, fast, and easy quote for a better idea of what kind of monthly fees you might be looking at.
