All professional liability insurance policies for nurses are not made equal. If you are considering purchasing your own policy, you are taking a step in the right direction. Take an additional step and contrast and compare policies offered by several insurers. Why?
You don't want to wait until a complaint is filed against your license or you are named as a defendant in a lawsuit to discover that your insurer reimburses you at the conclusion of the case for legal fees and costs vs. your insurer allows you to assign your benefits to an attorney, who in return may not require a $5,000-$10,000 retainer to establish an attorney-client relationship.
You want to know upfront if Insurer A covers all state and federal regulatory board investigations related to your license which may include state agencies like the Board of Pharmacy, Attorney General's office, Office of Inspector General, etc. and federal investigations or if the Insurer A only provides coverage for Board of Nursing disciplinary investigations and adjudications.
Don't assume all policies are equal and you don't want to find out later when you are facing spending thousands of dollars to secure counsel that you could have purchased a "better" insurance policy for the same price as your current policy or for a few dollars more.
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