What You Need to Know About Nursing Insurance
Nurses work in a complex and dynamic area which is why you need to ensure that you're protected with the right insurance cover. While some nurses are covered by their employer's insurance, some cover provided by employers is limited and nurses working in private practice need to arrange their own cover. Today, we'll be taking a closer look at nursing insurance so you make sure that you're protected financially.
Professional indemnity insurance for nurses
Professional indemnity insurance is designed for professionals who provide advice or services as part of their role. It provided financial protection if a third party makes a claim following a loss due to a breach of professional duty or negligence. Indemnity insurance can help cover the cost of a claim and also covers legal bills if you need to hire a lawyer. For nurses, this cover is essential due to high number of risks you face in your every day job. From giving incorrect or misleading advice to administering the wrong medication, you have a number of potential risk exposures.
Getting a quote for nursing insurance
When it comes to finding professional indemnity insurance, it's worth getting a number of quotes so you can make an informed decision. Remember not to opt for the lowest quote you can find - if the premiums seems too good to be true, you may not be getting the right level of cover. Take a look at the inclusions and exclusions to make sure that your policy provides the right level of cover and that it suits the specific area that you work in.
How to get nursing insurance
In some cases, your nursing insurance will be covered by your employer. However, always ask to take a look at the policy and read the fine print to make sure the cover is adequate. You don't want to risk finding out at the time of a claim that you have minimal cover. If you require your own cover, you can go directly through an insurer. To make life easier, you can also choose to go through an insurance broker. They'll assess your individual needs and then compare a number of policies to find the right insurance cover for you.
At GSK Insurance Brokers, we specialise in providing nurse insurance so you're protected financially. We understand that as health professionals, you work in an industry which has a number of unique risks and our brokers will assess your situation to ensure that you're covered. Your dedicated broker will be on hand to answer any questions you may have and we'll step in at claim time to deal directly with the insurer on your behalf.
For professional indemnity insurance for nurses, contact GSK Insurance Brokers today on (08) 9478 1933.