Professional liability insurance, also known as malpractice insurance, is a crucial component of protecting nurse practitioners (NPs) in their practice. Whether you're a business owner or employed by someone else, having your own policy is essential. Even if your employer provides coverage, it's important to evaluate the terms as it often prioritizes the interests of the business.
In this episode (#77) of the NP Business Matters podcast, we discuss the need for NPs to have their own insurance to ensure personal protection and the ability to choose their own attorney in case of a claim.
One of the growing concerns regarding professional liability insurance is the rising cost. With more NPs practicing autonomously and an increasing number of malpractice lawsuits, insurance premiums have seen a significant increase.
Complete show notes at https://npbusiness.org/77
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