Nurses, do you have a legal rainy day fund? I know I don't because I purchase professional liability insurance to cover my nursing practice as an employee of a home health agency and my law practice. What is a rainy day fund? Click on this link.
If you don't have professional liability insurance, then you need a legal rainy day fund to cover costs associated with defending your license before the Board, legal consultations, legal counsel for a negligence suit, etc.
Why am I discussing a legal rainy day fund? I receive many calls from nurses every day wanting legal advice or consultation for a workplace issue, regulatory matter, and clinical practice concerns.
The initial 10 minute consultation is free and provided at no cost. However attorneys don't make a living by providing free legal advice and consultations all day for all prospective client who call.
Lots of nurse don't obtain legal advice, consultation, and representation because of attorney fees and costs and as a result may make uninformed decisions related to not knowing their options for a specific situation and scenario. Just my two cents.