Personal Finance | Nursepective

HPSO Malpractice Insurance: Is It The Best For You As A Nurse?

Yasmine Seidu — Fri, 12 Aug 2022 18:47:51 +0000

If you're a nurse, you've probably thought about malpractice insurance. You might even have it—but do you know what it covers?

What if we told you that HPSO Malpractice Insurance is different from other malpractice insurance policies?

We know what you're thinking: "How could it possibly be different?" But it is! And here's why:

HPSO Malpractice Insurance is designed specifically for nurses. That means that it protects your career, not just your finances. It also means that HPSO Malpractice Insurance can be customized for your needs as a nurse, so you can rest easy knowing that your coverage will fit precisely where it needs to.

This article will help explain what HPSO is and how it works so that you can make an informed decision about whether or not HPSO is suitable for your situation.

Table Of Contents

What Does HPSO Insurance Stand For?

Healthcare Providers Service Organization (HPSO) is the country’s largest provider of malpractice insurance for allied healthcare providers and practices.

HPSO was founded in 1980 and has been insuring healthcare professionals for over 40 years.

HPSO understands the importance of having coverage to help safeguard your careers and livelihoods, which is why they offer coverage to over one million healthcare providers.

HPSO helps provide insurance to professionals across the healthcare industry, including individual practitioners, students, and business owners. HPSO insurance rating is an A from A.M. Best Rating.

With HPSO, you don't have to worry about finding coverage for your practice—they'll take care of it all!

What Policies Does HPSO offer?

If you're a healthcare professional, HPSO offers coverage for more than 200 professions across the healthcare industry.

1. Individual Practitioners

Whether you're a pharmacist, counselor, physical therapist, occupational therapist, clinical social worker, dental hygienist, or any other licensed professional working in the healthcare space, HPSO got a policy that's right for you.

Their policies are portable, so if you switch jobs or leave your practice for more than 30 days at a time—they've got you covered!

With coverage up to $1 million per claim and up to $3 million annual aggregate, there's no limit to the amount of protection they can offer.

2. Business or Practice Insurance

The HPSO offers business insurance to solo practitioners and practices with up to 25 employees.

They offer professional liability coverage, which helps protect you from risks like malpractice and work-related employee injuries. They also offer coverage for property damage and cyber breaches, as well as assistance in safeguarding your business reputation.

Their policies are customizable and available for any qualifying healthcare business.

3. Students or Recent Graduates

HPSO offers professional liability insurance policies for students and recent graduates. Students may be vulnerable to the risks of a malpractice lawsuit, and HPSO can provide coverage for amounts up to $1,000,000 each claim / $3,000,000 annual aggregate.

4. Personal Insurance

HPSO offers personal insurance coverage for healthcare professionals. They offer a variety of personal insurance options at economical rates exclusively for healthcare providers.

Life Insurance, 50 Plus Senior Group Term Life Insurance, Disability Insurance, Accidental Death & Dismemberment (AD&D), and more are all available through HPSO.

Benefits Of HPSO Malpractice Insurance

Professional liability insurance is a type of commercial insurance designed to protect health practitioners from losses resulting from claims related to their professional practice.

It can provide coverage for claims of malpractice, negligence, errors and omissions, substandard care, and other acts that may be alleged against you in your professional capacity.

There are several benefits associated with HPSO malpractice insurance:

1. Professional Liability

If a patient sues you for malpractice, your insurer will pay for your legal defense. If you win, they'll also cover any damages awarded by the court or paid out in the settlement. If you lose, they'll pay for your lawyer's fees as well as any settlement or award against you.

2. License Protection

This coverage protects against license revocation due to a criminal conviction related to your professional duties. It also protects against suspension related to an investigation into charges of misconduct relating to your practice.

3. Information Privacy Insurance

According to HIPAA law, HPSO reimburses you up to $25,000 aggregate for costs associated with a data breach. This is particularly important if your office requires patients to sign HIPAA privacy waivers before treatment.

4. Assault Coverage

In some states, assault coverage is mandatory for all health care workers. This coverage provides reimbursement up to $25,000 annual aggregate for your covered medical expenses or damage to your personal property if you are injured in an assault while on duty.

5. Sexual Misconduct

Coverage is provided up to $25,000 annual aggregate for claims alleging sexual misconduct against patients or clients by a health care provider during treatment and while acting within the scope of professional duties.

Cost Of HPSO Malpractice Insurance

The cost and availability of malpractice coverage vary widely by state and by practice type. If you're a nurse or physician assistant, you're most likely covered by your employer's professional liability insurance.

The average cost for individual practitioners is $100-500 per year, while students and residents can secure coverage for as little as $35 per year.

If you're an independent practitioner, or if your employer doesn't offer malpractice insurance, you'll need to purchase a policy yourself. You'll find that rates vary substantially based on several factors:

Specialty

Some specialties carry higher premiums than others because they involve more complex procedures or surgeries. For example, obstetricians are more likely to be sued than family doctors because they deliver babies, which means there's a greater chance something could go wrong during labor or delivery.

The size of your practice

A solo practitioner may have lower premiums than a group practice or hospital where there are more doctors working together.

Your location

The state you practice in can have a large impact on the cost of your malpractice insurance. This is because each state has its own laws regarding liability limits and caps on damages that can be awarded to plaintiffs. For example, some states do not limit damages, while others have caps of $250,000 or less.

Your experience

If you are an experienced doctor with no claims against your license, you will likely pay less for malpractice coverage than a new physician without any experience. This is because there are fewer risks associated with insuring a doctor who has already been practicing for several years.

How Malpractice Insurance Works?

Malpractice insurance covers claims that arise from negligence on the part of the insured doctor or dentist. The policy will reimburse the provider for legal expenses incurred during litigation and settlement costs awarded by the court if they lose the case.

Any problems with patient care that cause physical harm or death are considered medical malpractice. If a patient sues claiming negligence in treatment and wins, his attorney will submit a claim to the provider's malpractice carrier for reimbursement of legal fees and compensation for damages such as lost wages and pain and suffering.

Final Thoughts!

So there you have it: HPSO malpractice insurance is the best for you as a nurse. It's affordable, it covers all the bases, and it can help make your life a lot easier (and safer).

If you're still on the fence about whether or not to get some malpractice insurance, just remember this: if you don't take care of yourself and your family, who will?

FAQ’s

Does malpractice insurance cover HIPAA violations?

If you're worried about HIPAA violations, you should know that malpractice insurance covers a lot more than just HIPAA violations. It covers all of the things that could potentially go wrong during your medical practice, from missed diagnoses to patient injuries.

Malpractice insurance isn't just for doctors—it's also for nurses and other medical professionals who work in hospitals or clinics.

What is the HPSO malpractice insurance phone number?

The HPSO malpractice insurance phone number is 1-800-982-9491 for individuals and 1-215-660-0241 for businesses.

Does malpractice insurance cover negligence?

The short answer is yes. Malpractice insurance covers negligence, but it's important to remember that malpractice insurance does not cover every instance of negligence.

For example, if you were driving down the road and hit someone's car because you were distracted by your phone, your malpractice insurance would not cover this incident.

However, malpractice insurance would cover this incident if you were operating on a patient when they bled out due to a procedure that you performed incorrectly.

Who pays most for malpractice insurance?

The answer is doctors. Since the 1980s, malpractice insurance premiums have risen more than in any other industry.

In fact, according to the American Medical Association, the average cost of malpractice insurance has gone up almost 26.5% in 2019!

What is the best reason to carry a professional liability policy?

You should carry this policy because you're a professional. And we all know what happens when professionals don't have their professional liability policy in order: they get sued, and then they lose all of their hard-earned money!

So don't be like all those other professionals who didn't think to protect themselves. Get your policy today, and never worry about being sued again!

Is professional liability insurance the same as malpractice insurance?

Professional liability insurance and malpractice insurance are not the same. The first is to protect your business, while the second is to protect you as an individual.

Professional liability insurance protects your business from lawsuits related to your work. Malpractice insurance protects you if you make a mistake in your work.

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The post HPSO Malpractice Insurance: Is It The Best For You As A Nurse? appeared first on Nursepective.

A Step-to-Step Guide On Malpractice Insurance Cost for Nurses

Yasmine Seidu — Fri, 12 Aug 2022 14:54:58 +0000

We all know that nursing malpractice insurance is essential. However, it’s not always easy to figure out how much you need or where to get it.

We’re here to help! In this guide, we’ll give you a step-by-step process for determining the malpractice insurance cost for nurses and other professionals in the healthcare industry.

We’ll go over what malpractice insurance is, why it’s important, how much malpractice insurance costs, and how to find an affordable policy that fits your needs.

So, are you ready? Let’s dive in!

What Is Nursing Malpractice Insurance?

Nursing malpractice insurance is a specific type of professional liability insurance that offers protection from potential legal action brought against you due to your work as a nurse.

If you are found to be negligent in your duties as a nurse, this could lead to an injured patient suing you for damages. This includes paying for their medical bills, lost wages due to missing work, and compensation for pain and suffering.

The cost of being sued for negligence can be relatively high if the case goes to trial and results in a settlement or judgment against the defendant’s nurse or healthcare provider (usually if the plaintiff wins).

This cost can include paying legal fees, expert witness fees, and other expenses involved in defending yourself against charges brought forth by injured patients or their families.

Why Do Nurses Need Nursing Malpractice Insurance?

Patients can sue nurses if they fail to provide adequate care and treatment. Nurses are also responsible for ensuring that all medications and treatments given to patients are appropriate.

If a nurse fails to follow any of these things, chances are that patients will suffer from health problems or even death. This can lead to lawsuits filed against the nurse for causing harm to the patient’s welfare.

Where to Find Malpractice Insurance for Nurses?

There are many options available for getting malpractice insurance for nurses. Some companies offer this type of insurance through their employer. Others sell it directly to consumers through agents or brokers.

You can also find plans online if you want to do so on your own.

We have a list of the best malpractice insurance companies for nurses; check it out now!

The best way to locate your ideal plan is by thoroughly researching what each company offers before deciding which policy you want to purchase or reject altogether because it doesn’t meet your demands.

What Is The Cost Of Malpractice Insurance For Nurses?

The malpractice insurance cost for nurses varies by state and the type of nursing license you have. For example, a registered nurse (RN) may need more coverage than an LPN.

The average cost of medical malpractice insurance for nurses is between $300 and $1,500 per year. However, this figure can vary significantly depending on where you live and your license type.

Medical malpractice insurance costs for nurses also depend on your specialty within the healthcare industry. For example:

Pediatric nurses tend to pay less than their counterparts who work in other areas such as labor and delivery or emergency rooms.

Nurses who work in private practices tend to pay more than those who work in hospitals or clinics because their employer’s policy does not cover them.

What Are the Factors that Affect Malpractice Insurance Cost for Nurses?

Several factors determine the cost of nursing malpractice insurance. The following are some of the most important ones:

1. The state in which you work

The cost of malpractice insurance varies from state to state due to different laws governing nursing practice. In some states, the number of cases filed against nurses is higher than in others, which means that premiums have to be higher to cover the costs of claims.

2. Your specialty and place of employment

Specialty plays a big role in determining how much money you will pay for malpractice insurance coverage. If you work in an area with a high level of litigation risk, like emergency care or pediatrics, you will likely pay more for your policy than someone who works in less risky areas such as psychiatric nursing or case management services.

3. Your years of experience

A nurse who has been working for ten years will usually pay less than someone who has just graduated from college because they have had more time to accumulate credits and build up their trustworthiness among patients and employers over time (and hopefully avoid having any claims filed against them).

4. The history of claims

Another factor is the number of claims against you. If you have been sued many times in the past, then your premium will be higher than those who have not been sued as often.

How To Reduce Malpractice Insurance Cost For Nurses?

Malpractice insurance for nurses is a necessary expense for any practicing nurse. The cost of malpractice insurance has been rising in recent years, and many nurses have found themselves paying more than they should have to insure themselves against malpractice claims.

The good news is that there are several ways you can reduce your malpractice insurance costs. Here are some of them:

Do not practice outside of your scope of practice.
Be careful when prescribing medications and keep up with changes in regulations regarding prescriptions and limitations on prescribing rights.
Keep up with continuing education courses to ensure you are current on all new developments in the medical field.
Stay abreast of new health care laws that may affect what you do daily at work. For example, if you work in an emergency room, you must keep up with any new regulations regarding how long someone can wait before receiving treatment after arriving in an emergency room.
Know how to handle difficult patients or family members who might make false complaints about you. This can be a particularly tricky situation because sometimes these people will go so far as to file lawsuits.

Let’s Wrap It!

In conclusion, we have seen that malpractice insurance is a necessary part of being a nurse. This insurance can help protect you from any mistakes you might make during your career as a nurse.

As we have seen, there are many different types of malpractice insurance available on the market today. Each type has its own pros and cons. Thus, it will be up to you to decide which one is best for your needs.

If you are looking for an affordable way to protect yourself against malpractice suits, consider getting a standard medical and legal insurance policy. You could also choose a policy that covers only legal costs or just medical costs. However, these policies are not as common.

Malpractice insurance is not cheap. However, it is well worth the cost if something happens that causes harm to someone else or their property due to negligence on your part while performing duties as a nurse.

FAQ’s

What is the average malpractice insurance cost for nurse practitioners?

The average malpractice insurance cost for nurse practitioners is $800-$2,200. In the U.S., most nurse practitioners have to carry malpractice insurance just like doctors do.

Malpractice insurance can be expensive, though—and it varies depending on where you live and what kind of practice you have.

How much is malpractice insurance for nursing students?

Malpractice insurance for nursing students is typically between $35 to $65 per year.

This is a relatively low cost, but it’s essential to make sure you have malpractice insurance as a nursing student because it can be costly if you don’t have it.

What is the malpractice insurance cost for nurse anesthetists?

The average cost of malpractice insurance for a nurse anesthetist is around $1,014 per year.

The post A Step-to-Step Guide On Malpractice Insurance Cost for Nurses appeared first on Nursepective.

Common Tax Deductions for Healthcare Professionals

Yasmine Seidu — Tue, 09 Aug 2022 21:22:30 +0000

If you’re a healthcare professional, knowing the tax deductions for nurses might help you deduct your expenses come tax time. But what exactly can you deduct? This blog post will give you the skinny on some of the most common tax deductions for nurses and healthcare professionals. So read on and see how much you can save!

Working in the healthcare industry is not easy. The grueling twelve or fifteen-hour shifts and long working hours can be stressful physically and mentally. And with so much to do and take care of, taxes are usually the last thing you would want to think about.

Taking care of your taxes and filing for deductions can be overwhelming and confusing. This gets worse if you lack basic knowledge about it. As a healthcare worker, do you often find yourself asking questions like “can I claim tax deductions for my scrubs and stethoscope?” Or “can I write off my travel expenses?” If your answer is yes, this article is for you!

As a healthcare professional, you will have certain expenses that are necessary to complete your job. These expenses are common for most medical professionals. They often need to pay for them from their own pockets. Thus, these expenses are eligible for tax deductions and you can claim them when filing for your next tax returns.

Scroll down to learn about the most common tax deductions for healthcare professionals.

Medical Uniforms

The IRS allows you to deduct the cost of work clothes if your employer requires you to wear them daily at the workplace but they cannot be worn as everyday wear.

And as a standard protocol, healthcare professionals are required to wear scrubs to work. These scrubs are a total work attire that is not suitable outside the medical facility.

Thus, they are uniforms and you can claim their cost. Furthermore, you can deduct the dry cleaning and laundry costs of your uniform while filing your tax returns.

Additionally, if your workplace mandates you to wear a certain type of shoes to work that you cannot wear anywhere else, you can deduct their cost as well. However, you cannot write off just any shoes you wear or desire to wear to work. That’s because won’t come under the category of uniforms.

Education and Training Expenses

You can also claim tax deductions for any educational or training program that you are pursuing to continue your employment or keep/ renew your medical license.

However, it should be noted that educational expenses that prepare you for a new job or occupation are not tax deductibles. This means that if you are a nursing student, you are not allowed to deduct the cost of your nursing tuition from your tax returns.

Only those educational expenses that are directly related to your current job and enable you to enhance your skills in your current role are tax deductibles.

Vehicle and Travel Expenses

Do you drive from one medical facility to another for your work? Do you transport patients from one hospital to another from your own vehicle or do you make house calls? If yes, then you might be eligible to deduct a certain amount from your tax returns.

The IRS allows you to deduct 16 cents per mile driven for medical moving. Just ensure to keep the necessary receipts and records of the total distance traveled for claiming the travel expenses.

Phone and Internet Expenses

Healthcare workers can claim the cost of the work-related portion of their phone and internet expenses. So, if you use your personal phone or internet for your work, make sure to deduct that portion of the cost while filing your tax returns.

Electronic Gadgets

Do you use your personal electronic gadgets like laptops, computers, or tablets for work-related purposes? If yes, then you are eligible to claim their depreciation cost.

Just like the cost of phone and internet bills, the tax-deductible depreciation cost of your personal devices is also calculated according to the percentage of work-related use.

Stationery and Medical Subscriptions

As a healthcare professional, you can write off all your work-related stationery expenses from your tax returns. This includes the cost of items like pens, logbooks, planners, notepads, diaries, etc.

Similarly, you can also deduct the subscription costs of nursing magazines, medical journals, or books that you use to maintain and upgrade your knowledge.

Medical Equipment, Licensing Fees, and Membership Cost

The cost of medical equipment like stethoscopes, battery replacements, scissors, torches, etc. is also claimable.

Additionally, if you pay any fees to maintain or renew your medical license, then that cost is tax-deductible. This also goes for union dues and membership fees to be a part of any nursing body from your own pocket.

Things to Remember While Claiming Tax Deductions for Nurses

As a healthcare professional, you are eligible to claim deductions for all the above-mentioned items. However, there are certain specific things that you must remember while writing off these expenses from your tax returns.

Employee expenses are limited deductions. This means that as an employee at a medical facility, you can claim deductions only if they exceed 2% of your adjusted gross income. Click here to know more about tax deductions.

If you are working as an employee and your boss/ employer reimburses you for any of these expenses, you cannot claim tax deductions for them.

For self-employed healthcare workers where clients reimburse them for any of the tax-deductible expenses are ineligible to apply for tax deductions.

If you are only reimbursed for a part of the tax-deductible expense, cannot claim the portion you are not reimbursed for.

You must keep all the essential receipts and records to justify your tax deduction claims.

Conclusion

So, there you go! These were the most common tax deductions that healthcare professionals are eligible for. If you are still confused about what you can and cannot claim as tax deductions, we recommend remembering the following three rules to make things easier.

You can claim tax deductions for nurses for items that you have spent money from your own pocket and haven’t been reimbursed for or are directly related to your current profession/ job role/ means of earning income, and you have records, to justify your claims.

In case of any more confusion or doubts, you can consult a professional tax expert and seek their guidance before attempting to write off any items and filing your tax returns.

FAQS

Can nurses write off scrubs on taxes?

Yes, nurses can write off scrubs on taxes. In fact, any profession can write off clothing for work. This includes items such as uniforms, lab coats, hats, and of course, scrubs. You just have to make sure that you have a record of what you purchased and that you are wearing them for work purposes.

How do travel nurses avoid taxes?

There are a few different ways that travel nurses can avoid taxes and benefit from tax deductions for nurses. One way is to establish residency in a state that has no income tax, such as Florida or Texas.

Another way is to establish a home base in a state that has a lower tax rate than where they’re working, such as Oregon.

And finally, some people set up corporations or LLCs to reduce their taxable income. However, each of these methods has its own set of pros and cons, so it’s important to consult with an accountant or tax specialist to see what’s the best option for you.

I’m a nurse working in the UK. Can I still claim tax deductions for nurses?

Yes, you can still claim tax deductions for nurses in the UK. You can deduct any expenses that are related to your job, including travel expenses, uniforms, and equipment. Be sure to keep track of all your receipts and paperwork to support your claims.

What can healthcare workers claim on tax?

Nurses and other healthcare workers can claim a wide variety of expenses on their tax returns. For instance, they can claim the cost of uniforms, shoes, supplies, equipment, and even transportation to and from work.

In addition, most healthcare professionals are eligible to receive a special tax deduction for the cost of caring for a dependent relative. The nurse or healthcare worker can claim this tax deduction regardless of whether or not they’re itemizing their deductions on their return.

Lastly, many nurses and healthcare workers are also able to exclude certain payments made to them from their taxable income. These payments can include things like tuition reimbursement or awards for continuing education.

Can nurses write off stethoscopes on taxes?

Yes, nurses can write off their stethoscope on their taxes. This is a word-related medical device so it qualifies as a tax deduction. There are many other medical devices that nurses can also write off, such as scrubs, gloves, and masks.

Do travel nurses usually owe taxes?

The answer to this question is a little complicated, as it depends on a lot of factors. Generally speaking, though, most travel nurses do end up owing some taxes. This is because the income they earn while working as a travel nurse is taxable income. However, there are a few deductions that you may claim that can help reduce the taxes you owe.

What is the maximum amount that I can claim for tax deductions for nurses?

The maximum amount that you can claim for tax deductions is $10,000. This limit applies to most taxpayers. It covers most of the expenses that you may incur while doing your job. However, there are some exceptions to this limit. Moreover, you may be able to claim more if you qualify for them.

Get More Resources By Nursepective – Get helpful tips and guides on the different nursing-related topics whether you are a nursing student or a new nurse who is searching for some opportunities.

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5 Best Malpractice Insurance For Nurse Practitioners (Reviewed And Ranked)

Yasmine Seidu — Tue, 09 Aug 2022 20:08:08 +0000

Are you a nurse practitioner? You might be surprised to learn that malpractice insurance for nurse practitioners can be more complex than many other types of insurance.

Read on to learn about our 5 favorite malpractice insurance for nurse practitioners!

As a nurse practitioner, you're the first line of defense for many people, their primary care provider, therapist, and confidant.

But when something goes wrong in your practice, it's not just your patients who suffer—it's also you. That's why it's so essential to have malpractice insurance for nurse practitioners—and we've got some great options for you here!

Table Of Contents

What is Nurse Practitioners Malpractice Insurance?

Importance of Malpractice Insurance for Nurse Practitioners

5 Best Medical Malpractice Insurance for Nurse Practitioners

Nurses Service Organization (NSO)

Cost Of NSO Nurse Practitioner's Malpractice Insurance

Proliability

Healthcare Providers Service Organization (HPSO)

CM&F Group Nurse Practitioner Malpractice Insurance

Berxi

It’s A Wrap!

FAQ’s

What state has the lowest malpractice premiums?

What are claims made vs. occurrence?

Which state has the most malpractice lawsuits?

What is the most common medical malpractice case?

We've done all the hard work of researching and comparing these policies so that you can find the best possible coverage at the best possible price. Here are our top five picks:

What is Nurse Practitioners Malpractice Insurance?

Nurse Practitioners Malpractice Insurance is a form of medical malpractice insurance that protects Nurse Practitioners (NPs) from claims of negligence. Nurse practitioners are professionals who provide primary care to patients, including diagnosing and treating illnesses, performing physical exams, and ordering laboratory tests.

The NP practicing as an independent contractor needs to have this insurance policy in place before starting her practice. All NPS must have coverage in order to be able to practice as independent contractors.

This form of insurance also protects against legal costs incurred while defending against negligence claims by patients or their families.

Importance of Malpractice Insurance for Nurse Practitioners

Malpractice insurance is necessary for any healthcare professional, but it's vital for nurse practitioners (NPS).

NPS are advanced practice nurses who can perform a variety of medical tasks. They're often the first point of contact in a healthcare setting, so they need to be able to diagnose and treat patients without the assistance of physicians or physician assistants (PAs).

In many states, NPs have the same legal authority as doctors do. This means that if an NP makes a mistake in treating a patient, the patient may have legal recourse against the NP.

Malpractice insurance protects NPs from lawsuits by providing coverage for legal costs associated with defending against claims that their care harmed their patients.

5 Best Medical Malpractice Insurance for Nurse Practitioners

NSO
Proliability
Healthcare Providers Service Organization (HPSO)
CM&F Group
Berxi

Nurses Service Organization (NSO)

Nurses Service Organization (NSO) offers high-quality medical malpractice insurance for nurse practitioners. With an A+ rating from A.M. Best, the company provides affordable policies with comprehensive coverage.

The plans also include coverage for media liability, errors and omissions, and coverage for non-physicians who perform medical care in your offices, such as physician assistants and nurse anesthetists.

Policy Features of NSO

1. Professional Liability Coverage -- up to $1 million for each claim

NSO offers professional liability coverage for malpractice claims against nurse practitioners and other health care professionals. The policy covers bodily injury or property damage caused by malpractice during the course of employment. The coverage limit is $1 million per claim and up to $6 million annually.

2. Assault Coverage

NSO offers $25,000 in coverage for assault claims arising from both criminal acts and negligence by others. Criminal acts include sexual assault, robbery, and murder, while negligence includes assault caused by another person's reckless behavior or intentional act that results in bodily harm or death. This coverage applies even if you are not at work at the time of the incident.

3. Defense Attorney Provided

Suppose you are charged with a crime against someone else while working as a nurse or otherwise covered under NSO's plan.

In that case, NSO will provide an attorney who will represent you free of charge until the case is resolved favorably or otherwise terminated by mutual agreement between NSO and its attorney representing you (unless such representation is no longer needed).

4. Personal Injury Coverage

This policy will cover you against any damages that you incur due to an injury or an accident. This includes damages incurred due to a car accident, slip and fall, dog bites, and many other such incidents.

The policy will provide compensation for lost income during your recovery period as well as for any medical expenses that may occur during this time.

Portable Coverage

This means that even if you change jobs, your coverage will still be valid as long as you pay your premiums on time and keep up with all other requirements such as completing annual health assessments, etc.

Cost Of NSO Nurse Practitioner's Malpractice Insurance

The average cost for Nurse Practitioner (NP) NSO insurance is $106 per year.

The cost of the policy will depend on the state where you live, how many hours per week you work, and the amount of experience you have in your field. The more hours you work and the more experience you have, the lower your premium will be.

Proliability

Proliability is a nurse practitioner malpractice insurance company. Since 1949, Proliability has been helping nurse practitioners, and their practices stay protected.

Proliability offers several different types of policies that can be customized to your practice needs. They have several options for hospitals, clinics, private offices, and other locations. Their website is easy to navigate, but they also have an agent who can help you find the right policy at the right price.

Policy Features of Proliability

Professional Liability

Proliability covers your professional liability up to $1 million per occurrence/$6 million aggregate. This means the company will protect you from any financial loss arising out of medical negligence or wrongful death suits filed against you by patients or their family members.

This policy also covers any expenses incurred during the litigation process, such as attorney fees, court costs, and settlement awards.

Legal Representation

If you are ever sued for medical negligence, Proliability will provide legal representation on your behalf at no extra cost to you. The company will pay all expenses related to defending against medical malpractice claims, including expert witnesses, depositions, court filing fees, and more.

First aid Reimbursement

This coverage provides up to $10,000 for expenses related to first aid treatment required as a result of an accident involving the insured.

Sexual abuse

Provides up to $25,000 for expenses involved in defending against a medical malpractice claim involving sexual abuse committed by the nurse practitioner.

Portable Coverage

Proliability nurse practitioners and malpractice insurance policies are portable, which means that you can take your coverage with you when you move or change jobs.

Cost Of Proliability Nurse Practitioner's Malpractice Insurance

The cost of Proliability nurse practitioner malpractice insurance can vary from company to company and from state to state. The average cost of premiums for an Adult NP is $756, while the average price for a self-employed Adult NP is $908.

NPs may be eligible for a 10% discount on their premium if they are certified.

Healthcare Providers Service Organization (HPSO)

The Healthcare Providers Service Organization (HPSO) has provided medical malpractice insurance for nurses and other healthcare professionals since 1976. The HPSO has provided over 1 million medical professionals with protection against lawsuits, helping them focus on patient care rather than legal costs.

Its mission is to provide quality medical liability protection at an affordable price so that healthcare professionals can continue to focus on their patients and keep the cost of healthcare down for everyone.

Policy Features of HPSO

Professional Liability

The policy provides coverage for up to $1,000,000 for each claim / $3,000,000 annual aggregate for professional liability claims arising from the practice of clinical nursing. This coverage includes defense costs and any settlement or judgment paid by the insurer.

It also includes coverage for claims made against you by patients or their relatives in connection with your treatment of them while they were under your care.

License Protection

The policy will cover your medical license and provide coverage against any fines that you may be required to pay for violating state or federal laws.

Defense Costs

If you are sued for malpractice and fail to settle the case before it goes to trial, HPSO will pay for your defense costs and any legal fees associated with defending yourself against the lawsuit.

Deposition Representation

If you are called as a witness at a deposition, HPSO will cover any legal fees you incur while preparing for or attending the deposition.

Cost Of HPSO Nurse Practitioner's Malpractice Insurance

The cost for HPSO-Nurse Practitioner’s Malpractice Insurance varies from one state to another. The average cost of the insurance is $150-$200 per year. However, this figure can go up depending on your HPSO specialty.

CM&F Group Nurse Practitioner Malpractice Insurance

CM&F Group, established in 1919, is a leading medical malpractice insurance provider with over 200 professional specialties and more than 1,000 locations nationwide. They offer medical malpractice insurance for individuals, businesses and practices, students, and universities.

Their policyholders have access to our dedicated customer service professionals who work with them throughout the claims process. They offer various coverage options, including $2 million per claim, full consent to settle claims, license defense coverage, and more.

CM&F Group offers competitive rates and flexible payment plans so you can get the proper protection at an affordable price

Policy Features of CM&F Group

Professional Liability Coverage

With this coverage, you can be protected from liability claims arising from the negligence or errors in judgment of your employees. CM&F Group provides coverage up to $2 million per claim.

License Defense Coverage

If a client files a lawsuit against you, this coverage helps pay legal fees associated with the defense of your license to practice.

Sexual Misconduct Defense

Sexual misconduct claims are often difficult to defend against because they involve personal relationships between two people and often include no witnesses or other evidence that would be admissible in court. The CM&F Group policy offers coverage for sexual misconduct claims made against you by current or former patients or clients.

HIPAA Defense Coverage

CM&F Group offers HIPAA defense coverage to protect against claims alleging violations of the Health Insurance Portability and Accountability Act (HIPAA).

Telemedicine Coverage

This feature covers telemedicine services performed by a healthcare provider for the insured patient. It includes reimbursement for litigation expenses incurred in defending against any claim made against them relating to those services.

Cost Of CM&F Group Nurse Practitioner's Malpractice Insurance

The cost of malpractice insurance is determined by many factors: the type of medical practice you're in, where you practice, and your experience.

The average cost of malpractice insurance for a nurse practitioner is $1,300 per year. The average cost includes both employed and self-employed NPs.

Berxi

Berxi provides commercial property, casualty, healthcare professional liability, and other insurance products and services to businesses and individuals.

They are a part of Berkshire Hathaway’s National Indemnity group of insurance companies, which is the second largest insurer in the U.S.

With over 70 years in business, Berxi has built a reputation for providing digital-age ease and efficiency.

They offer customizable coverage options that are tailored to meet your needs so you can focus on what matters most: running your business.

Policy Features of Berxi

Legal defense outside the limits of liability

Your policy covers up to $1 million in damages per claim and $3 million per year. Additionally, it provides coverage for legal defense costs up to $100,000 per claim. This means that if a patient sues you or files a complaint with the state board of nursing, we'll provide legal representation at no cost to you — even if they sue for more than $1 million.

Reputation Coverage

This coverage protects against any loss suffered due to slander, libel, or similar claims that have been made against your practice. Berxi will pay out $50,000 for each claim for your reputation damage.

Licensing Board Protection Defense

The policy also includes coverage for licensing board defense. If a patient or their family member sues you, they may also file complaints against your license with the state licensing board. This type of claim could affect your ability to practice medicine in the future if it is not resolved quickly and adequately defended by an experienced attorney.

Wage Loss/Deposition Expenses

Berxi will pay the cost of up to $1,000 per day for your defense and any judgment or settlement award. Their insurance covers you for any legal fees incurred in defending your rights against any claim of medical malpractice. They will also pay the costs associated with depositions and other court appearances.

Cost Of Berxi Nurse Practitioner's Malpractice Insurance

The cost of Berxi nurse practitioner's malpractice insurance starts at around $68 per year for $1 million worth of coverage. This can vary depending on location in which you practice your profession as well as several other factors. The cost of Berxi nurse practitioner's malpractice insurance will also increase based on how many years you have been practicing your profession.

It’s A Wrap!

There you have it—the five best malpractice insurance for nurse practitioners (reviewed and ranked).

We hope this article has given you the information you need to make an informed choice about which policy is right for you. We also hope that it has inspired you to consider your own career as a nurse practitioner if you're not already in one!

FAQ’s

What state has the lowest malpractice premiums?

The state with the lowest malpractice premiums is North Dakota.

What are claims made vs. occurrence?

Claims made policies are designed to cover claims made during the policy period, regardless of when the event occurred.

For example, if you have a claims-made policy in place, and someone gets injured at your company on June 1, 2020, your insurance would cover that injury—even though you didn't buy the policy until July 1, 2020.

On the other hand, occurrence policies are designed to cover events that happen during a specific time period or date range—regardless of when the event occurs.

This means that if you buy an occurrence policy on June 1st for coverage starting on July 1st and someone gets injured at your company on June 15th (during the coverage period), it would not be covered by your insurance because it happened outside of the time frame specified in your policy.

Which state has the most malpractice lawsuits?

California, Texas, and New York are the states with the most malpractice lawsuits. California has 138,110 malpractice lawsuits; Texas has 122,197 malpractice lawsuits, and New York has 89,376 malpractice lawsuits.

What is the most common medical malpractice case?

The most common medical malpractice case is when a doctor doesn't diagnose a patient correctly. This can lead to incorrect treatment and severe injury or death.

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Is NSO Malpractice Insurance The Best For Nurses?

Yasmine Seidu — Fri, 05 Aug 2022 18:18:24 +0000

If you're a nurse, chances are you've heard of the NSO and their malpractice insurance. You may have even looked into it and decided it's not right for you. But maybe you're still wondering: Is this the best option out there?

It's great that you're thinking about your options, but if we were honest, we'd have to admit that finding a good malpractice insurance plan is not easy. And when you start talking about nurses, things get even more complicated.

NSO malpractice insurance is one of the great options out there for all nurses and nursing students.

So let's take a look at some of what makes up NSO malpractice insurance and see if it's worth checking out further.

Table Of Contents

What is NSO?

What Does NSO Offer?

Why Do Nurses Need Malpractice Insurance?

To Cover Legal Fees

To Protect Your License

To Protect Personal Assets

What Policies Does NSO Offer?

What Benefits Does NSO Provide?

Professional Liability Coverage

Sexual Misconduct Defense Expenses

How Much Does NSO Insurance Cost?

Location

Your history

It’s A Wrap!

What is NSO?

Nurses Service Organization specializes in providing unique services and insurance policies to nurses. Their primary focus is on the healthcare field, but they also offer other types of insurance policies such as life insurance, disability income insurance, and health insurance.

Since 1976, NSO has grown into a multi-million dollar corporation that provides health care coverage for all types of people throughout the United States. This includes student nurses, registered nurses (RNs), and nurse practitioners (NPs).

What makes NSO unique is that they provide unique services and insurance policies to nurses underwritten by CNA Financial Corporation.

CNA has excellent ratings and holds an A rating from AM Best, an A2 rating with Moody’s, an A+ rating with Standard & Poors, and many other accolades for customer service and financial stability.

What Does NSO Offer?

NSO offers a variety of different products and services that are designed to meet your specific needs. These include:

1. Malpractice Insurance Coverage — This type of policy protects you from legal liability if you are sued for malpractice by a patient or family member who claims that your actions caused harm or injury to them during treatment. It also protects you from any type of damages resulting from lawsuits filed against you by patients.

2. Life insurance — This type of insurance pays off your mortgage if you die unexpectedly, leaving behind a debt-free home for your family; this is especially important because many people don’t realize how expensive funeral costs can be until they have to pay them out of pocket.

3. Disability income insurance — If something happens that prevents you from working, disability income insurance can help pay your bills while you're unable to work.

This type of coverage should be part of any comprehensive coverage plan for nurses because it protects them from financial loss due to illness or injury.

Why Do Nurses Need Malpractice Insurance?

Nurses are a crucial part of the healthcare industry. They work long hours and often put their lives on the line to save others, which is why they should have malpractice insurance. Additionally, it's not only crucial for nurses, but also nursing students.

In fact, it's been reported that 28% of nursing students perform malpractice during their clinical practice. Malpractice insurance protects nurses and nursing students against lawsuits filed against them by patients or their families.

There are many reasons why nurses and nursing students need malpractice insurance. Here are three of them:

To Cover Legal Fees

Nurses may need to hire an attorney to defend themselves against a malpractice lawsuit. In some cases, the cost of this legal counsel can be very expensive — especially if you don’t have private health insurance or other coverage that covers these expenses.

Malpractice insurance covers these costs so that nurses can focus on doing their jobs instead of worrying about how they will pay for their attorney fees in case of a lawsuit.

To Protect Your License

Nurses are licensed by their state's board of nursing. If you have been sued, your license could be revoked or suspended until the case is settled.

The legal expenses could be substantial. If your license is suspended, you cannot work as an RN.

If you lose your job because of a lawsuit, finding another one in the same field could take years. NSO will provide protection to your license.

To Protect Personal Assets

If you're sued for medical malpractice and lose, any award that is given to the plaintiff could be taken from your personal assets.

If you don't have enough money to make up the difference between what was awarded and what is owed, they can take it from your bank accounts or home equity loans.

This won't happen to you with proper coverage through NSO professional liability insurance!

What Policies Does NSO Offer?

NSO offers a wide range of malpractice insurance policies that are designed to meet the needs of nurses at all levels of experience.

NSO offers policies for student nurses, licensed practical nurses (LPNs), registered nurses (RNs), licensed registered nurse practitioners (ARNPs), and certified registered nurse anesthetists (CRNAs).

Their policies also include coverage for locum tenens nurses, who are temporary nurses hired to fill vacancies in areas where there is a shortage of healthcare workers. We also have policies for nurses who work in specific settings such as hospitals, clinics, and nursing homes.

In addition, NSO offers more than 80 different types of policies designed to meet the needs of nurse faculty members at nursing schools or universities and physicians in private practice who employ registered nurses on their staff.

What Benefits Does NSO Provide?

National service organizations offer many benefits to their members. Some of these benefits include:

Professional Liability Coverage

If you work with a national service organization, you are protected from liability in case of a volunteer or client injury. You will also have access to legal representation if necessary.

NSO will provide you with around $6 million in professional liability coverage.

License Protection

Your license will be protected if you work with a national service organization. This means that if someone files a complaint against you, your professional license might be at stake. NSO will take care of protecting your license so your hard work of studying for many years won't go to waste.

Privacy Protection

According to HIPAA laws, all medical professionals must take steps to ensure patient privacy. If you breach privacy protection and are fined, NSO will cover the costs of up to $25,000 annually.

Assault Coverage

NSO will provide $25,000 for the victim of a violent assault. This sum can be used to cover medical expenses or property damage caused by the assault.

Portable Coverage

The NSO can be transferred to your next job or position without going through a new application process and waiting for approval. This means that you will have the same coverage as long as you’re working for an NSO-approved employer.

Your coverage may also be portable if you switch from full-time employment to part-time employment within one year of leaving your last job with the company.

Sexual Misconduct Defense Expenses

Sexual misconduct is not covered under any other insurance policy, so this is something that only the NSO offers its members.

If sexual misconduct occurs while on or off duty and is caused by you at work, this coverage will pay up to $25,000 in legal defense expenses on your behalf.

How Much Does NSO Insurance Cost?

As a student nurse, you may be paying as little as $35 a year for your insurance. However, if you're a professional nurse, the cost of your insurance can range from $106 to $225 per year.

This will vary depending on the type of coverage you choose and how old you are when you enroll in the plan.

The cost of your policy will also depend on several factors, including:

Location

The state where you practice nursing plays a significant role in determining how much coverage you need, as well as its price tag.

For example, certain states have stricter laws regarding nurse safety than others, meaning fewer claims are filed there, which translates into lower premiums for residents practicing nursing in those states.

On the other hand, some states have more frequent incidents of nurses being sued for malpractice, which means higher premiums.

Your history

If you've been sued before and settled out of court, your premium will be higher than someone with no litigation history.

It’s A Wrap!

So, is NSO malpractice insurance the best for nurses? We think so.

We believe that NSO malpractice insurance is an excellent idea for any professional that works in a field where they have the potential to be sued, and nurses are no exception.

Nursing is an incredibly stressful profession, with many long hours and high stakes. Nurses have to be prepared for anything, including being sued by patients or their families.

If you're a nurse, and you don't have NSO malpractice insurance yet, what are you waiting for? Get it today!

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6 Best Malpractice Insurance for Nurses (Reviewed and Ranked)

Yasmine Seidu — Wed, 03 Aug 2022 16:39:59 +0000

Nursing is a profession that requires a lot from you. It takes up your time and energy and requires you to be on your feet for hours at a time. It also requires you to be calm under stress, quick on your feet, and able to think on your feet.

In short, it's an incredibly difficult job to do well—and one that comes with plenty of risks. That's why it's so crucial for nurses to have malpractice insurance: malpractice insurance will help protect you from lawsuits if there is ever an incident where you do something wrong or neglectful in the field of nursing.

What kind of malpractice insurance should you get? What types of coverage should you look for? How can you find a policy that will be affordable and cover all bases?

We're here to answer all these questions! Our team has extensively researched the best malpractice insurance for nurses to bring our readers this article: "Top 6 Malpractice Insurance For Nurses."

Table Of Contents

6. Geico

Why We Like It

Pros:

How Much Does Nurse Malpractice Insurance Cost?

How Much Is Nurse Practitioner Malpractice Insurance?

In Which Situation Is An Occurrence-based Policy Most Beneficial to the Nurse?

Pros and Cons of Malpractice Insurance for Nurses

Pros of Malpractice Insurance for Nurses

Cons of Malpractice Insurance for Nurses

Final Thoughts

FAQs

What Does Malpractice Insurance Cover?

Is Malpractice Insurance the Same as Liability Insurance?

How Much Malpractice Insurance Do I Need?

How Does Malpractice Insurance Work?

Is Malpractice Insurance Tax Deductible?

What is Nurse Malpractice Insurance?

Nurse malpractice insurance is one of the nurses' most important types of professional liability insurance. This insurance protects nurses from financial loss due to errors or negligence on the job.

The best way to understand how nurse malpractice works are to look at what it covers:

If a patient suffers injury or illness due to something you did wrong, you may be liable for their medical bills and other expenses.
If a patient files a lawsuit against you, your employer's legal department will defend you in court and pay any damages awarded by a judge or jury.
Suppose you accidentally expose your patients to an infectious disease like tuberculosis (TB). In that case, they could file suit against you and claim that your negligence caused them physical harm or emotional distress.

Why Do Nurses Need Insurance?

It's no secret that being a nurse can be dangerous. Whether you're working in an emergency room or taking care of patients at home, there are so many things that can go wrong—and if something goes wrong, it's your job to fix it.

If one of your patients gets hurt because of something you did or didn't do, they could sue you for medical malpractice and win damages from you as the nurse, the hospital, or the health care practice where you work.

That could cost hundreds of thousands of dollars—and possibly even put your career on hold for years while you fight back against a lawsuit!

6 Best Nurse Malpractice Insurance Companies

Best Overall Nurse Malpractice Insurance Company – Nurses Services Organization (NSO)

Second Runner Up For Best Malpractice Insurance for Nurses – Proliability

Overall Best-Priced Malpractice Insurance Company – CM&F Group

Best For Therapists — Healthcare Providers Service Organization (HPSO)

Best For Worldwide Coverage – NowInsurance

Best For All Healthcare Practitioners – Geico

1. Nurses Service Organization

Overview

Nurses Service Organization (NSO) is one of the leading nursing liability insurance companies in the world. It was founded in 1962 by a group of nurses who wanted to provide comprehensive insurance for all nursing professionals.

NSO offers malpractice insurance for nurses only. It has been offering this service for over 40 years and has more than 70,000 clients worldwide.

The company provides a wide range of policies, including professional liability, first aid coverage, license protection, and medical care defense protection. The most popular policy is the $1 million single limit policy which covers up to $6 million annual aggregate for all covered claims.

NSO offers policies that can be purchased by both new graduates as well as experienced nurses. It also has special rates for those who have passed their boards within the last six months or so.

The company also offers other insurance policies such as term life insurance, disability insurance, and health insurance. The policies are underwritten by American Casualty Company of Reading, Pennsylvania, which has an A rating from AM Best.

Why We Like It

Nurses Service Organization is a top nursing liability insurance company that offers professional liability coverage for nurses.

This includes malpractice insurance for nurses, nurse practitioners, and any related nursing specialty. With over 100 years of experience, they are the largest provider of nurses' professional liability programs in the United States.

Because they specialize in insuring nurses, they have very competitive rates and will ensure that you get the highest level of protection at the lowest possible cost. Their policies are highly customizable and can be tailored to meet your needs.

Is NSO malpractice insurance the best for nurses? Get a detailed review now!

Pros:

Largest company serving nationwide.
Provides liability insurance only for nurses.
Offers a discount for fresh graduates.

Cons:

No other business insurance offered

2. Proliability

Overview

Proliability is the second best country's nursing liability insurance company and has been in business since 1949. They offer group protection and individual coverage, which makes them a great option for nurses, nurse practitioners, nursing students, and other healthcare professionals.

You can choose between claims-made or occurrence-based coverage, depending on your needs. Their standard per occurrence limit of liability is $1 million, and they offer coverage up to $5 million. If you’re a member of a professional association, you may qualify for a discount on your premium.

Proliability offers a range of coverage options depending on your industry and offers student malpractice insurance for as little as $30 per month.

Proliability is powered by Mercer Health & Benefits Administration, which provides access to a team of experts who can help you find the right solution for your needs.

Why We Like It

Proliability is a professional liability insurance provider that serves multiple industries. It offers both low-cost options and higher tiers of coverage to help individuals and businesses meet their needs.

Proliability has been around since 1954, which is decades of experience. The company is rated A by A.M. Best, an independent company that rates insurance companies based on their financial strength, operating performance and ability to meet their contractual obligations.

One benefit is you may qualify for discounts if you already have other insurance policies through Proliability or other providers. This can be a big money saver!

Pros

Available nationwide.
Offers a discount for members,
Offers coverage for students.

Cons

No other business policies are available.

3. CM&F Group

Overview

When it comes to insurance, you want to ensure that you're getting the best coverage at the best price. CM&F Group's malpractice nursing insurance is just that.

They're an established company, having been in business since 1919, so you know they've got their act together. And they've got the highest-rated policies for nurses out there, too—that's why so many nurses use them!

Their customer service is exceptional; if you ever have any questions or need help with anything (like maybe a quote?), just call them, and they'll take care of it for you immediately.

They offer coverage options up to $2 million per claim (which is more than enough for most nurses who get into trouble), and they even have policies available for nursing students, too!

CM&F Group offers group and individual liability insurance as well as other insurances.

Why We Like It

CM&F Group, the best nurse malpractice insurance coverage, offers comprehensive insurance plans for nurses. They offer group and individual liability insurance policies that are the highest rated policies in the industry.

They also offer insurance for nursing students as well as a range of other healthcare professionals who work in hospitals or clinics.

Pros:

Offers group and individual liability insurance
Offer insurance for nursing students.
Provide coverage up to $2 million USD.

Cons:

Not specifically for nurses.

4. Healthcare Providers Service Organization (HPSO)

Overview

The Healthcare Providers Service Organization (HPSO) has been around for 30 years and was designed specifically to be the malpractice insurance provider you've been looking for.

They're a great choice if you're a nurse working in the field, and they cover you up to $1 million per claim arising out of a covered medical incident—for up to $3 million annual aggregate for all claims.

The policy also includes license protection, deposition representation, personal liability protection, and medical payments. And while they don't offer general business liability protection or cybersecurity coverage (which is why we didn't give them five stars), they do have some pretty sweet discounts available: 60% New graduate discount; American Counseling Association (ACA) discount; 10% discount for risk management course takers.

They have earned an A rating from AM Best.

Why We Like It

When you're looking for malpractice insurance, it's essential to choose one with a stellar reputation and a solid financial record. And that's precisely what you get with [HPSO]!

They've got an A rating from AM Best, so you know they're in good hands. They offer up to $3 million in insurance claims, so you can rest assured that your practice is covered when something goes wrong. And they offer discounts on services—and they're easy to access!

Pros:

60% discount for newly graduates.
The policy includes license protection and personal liability protection.
Covers up to $3 million in insurance claims.

Cons:

Do not offer business insurance.

5. Now Insurance

Overview

Now Insurance has been around for more than 20 years, and they are the only company whose policies are truly tailored to the type of work or specialty you have. Their premiums are competitive, and they offer monthly payment options so that you don't have to worry about paying off your premium balance all in one go.

Plus, they offer up to $1 million per claim and an aggregate limit of up to $6 million, so if you do get sued by multiple patients at once (or by some crazy person who wants to make a name for themselves), you'll be covered.

Now Insurance offers worldwide coverage, too—so if you travel anywhere in the world for work or pleasure, your insurance will follow along with you.

Their policies are designed to fit your needs, not the other way around. What's more? They offer businesses and cybersecurity insurance as well!

Why We Like It

Now Insurance Malpractice is a reputable company that covers many different industries and offers affordable coverage with monthly payment options. Their aggregate limit is up to $6 million, and their worldwide coverage means that you are protected no matter where you are working or traveling.

Pros:

Aggregate limit up to $6 million.
Offers worldwide coverage.
Provides insurance for other businesses as well.

6. Geico

Geico, a malpractice insurance company, teamed up with Berxi to offer fast and affordable coverage for nurses. The two companies are part of Berkshire Hathaway Specialty Insurance Company, so you know you're in good hands.

Berkshire Hathaway Specialty Insurance Company offers same-day coverage with 24/7 access to your online account, so you can get a quote and buy your policy in minutes. They also offer malpractice insurance policies to different practitioners, including Nurse Practitioners, Physical Therapists, Licensed Practical Nurses, and Physician Assistants.

The cost of medical malpractice insurance depends on your professional specialty and ranges from $500 to $2 million per year. It covers up to $1 million for each claim if you're sued by a patient or their family member for something related to your work.

However, this is not the end. They also offer other insurance for businesses as well.

Why We Like It

Geico is part of Berkshire Hathaway Specialty Insurance Company, which has been around for years—and as part of their group, we know we're getting top-quality service. Plus, Geico offers same-day coverage in most cases—and 24/7 access to your online account so you can get the information you need quickly when you need it most.

Their policies cover up to $1 Million per claim, which is more than enough peace of mind for us!

Pros:

Teamed up with a reputable company.
Offers other insurance policies as well.
Provide same-day coverage.

How Much Does Nurse Malpractice Insurance Cost?

The average cost of nurse malpractice insurance is around $68 per year, but if you shop around and compare quotes from several different providers, chances are good that you can find a lower price.

How Much Is Nurse Practitioner Malpractice Insurance?

The average cost of NPs' malpractice insurance is $800 to $2,200 per year. This amount varies depending on whether or not you are a member of a group practice. The length of time you have been practicing as an NP also affects how much your insurance costs.

In Which Situation Is An Occurrence-based Policy Most Beneficial to the Nurse?

A nurse who had insurance coverage during 20 years of practice but is now retired and no longer has an active policy.

In a malpractice claim, the nurse's employer may be held responsible for paying damages if it can be shown that the employer had knowledge of prior claims or complaints against the nurse.

The employer may try to get out of this responsibility by arguing that the nurse was not acting within the scope of his/her employment when the alleged incident occurred.

However, an occurrence-based policy will protect against this type of argument because it covers all acts committed by a nurse during any time period for which he/she has coverage under the policy.

Pros and Cons of Malpractice Insurance for Nurses

Malpractice insurance is a must for any healthcare professional. It protects you from liability if you are ever sued for malpractice. However, it can be expensive and time-consuming to get.

Pros of Malpractice Insurance for Nurses

The most obvious reason to purchase malpractice insurance is protection against lawsuits. Any healthcare professional who works with patients is at risk of being sued by someone who feels they were mistreated or injured in some way.

This can be very stressful and financially devastating if the case goes against you.

Malpractice insurance will protect you from this risk by providing financial coverage if you are sued and found liable for negligence on your part.

In addition, many states require that healthcare workers carry malpractice insurance as a condition of practicing medicine in their state.

Cons of Malpractice Insurance for Nurses

The main downside to carrying malpractice insurance is cost: premiums can be expensive, especially when combined with other insurances such as general liability and property damage policies (if applicable).

The cost varies widely depending on several factors: your location, medical specialty, number of years in practice, age, and more.

Some states also have caps on how much money an attorney can recover from a successful lawsuit — which means that even if you’re found liable for malpractice, your practice may still end up paying more than the amount of the payout.

Final Thoughts

I hope this article has been helpful to you in learning about the best malpractice insurance for nurses (reviewed and ranked).

I know that when I was looking for this information, it was hard to find. But now that we've gone through all these different options, it should be easy for you to make an informed decision.

Good luck with your search!

FAQs

What Does Malpractice Insurance Cover?

Malpractice insurance covers the cost of defending against a lawsuit that alleges you were negligent in your practice. It does not cover the cost of paying damages if you are found to be negligent, nor does it cover any settlement costs.

Is Malpractice Insurance the Same as Liability Insurance?

No, they're not the same thing. Malpractice insurance is a policy that protects you from being sued for damages in the case that your work causes injury or harm to an individual or group.

Liability insurance covers possible damages for a number of different occupations and applies to all types of lawsuits, including those related to malpractice.

How Much Malpractice Insurance Do I Need?

It depends on a lot of factors, like how many patients you see every day and what kind of equipment you use. It also depends on how much money your practice brings in. Malpractice insurance is something that you should talk to a professional about before you decide how much coverage you need.

How Does Malpractice Insurance Work?

Malpractice insurance is a type of liability insurance that covers medical professionals for any mistakes they make in the course of their professional duties.

If you're a doctor, for example, and you accidentally give one patient the wrong medication or perform surgery on another person by mistake, your malpractice insurance will cover any lawsuits filed against you by the patients involved.

Is Malpractice Insurance Tax Deductible?

Yes, malpractice insurance premiums are tax deductible. You can deduct premiums you paid for medical malpractice insurance to protect yourself against a claim for damages if you're sued for malpractice.

You may also be able to deduct the cost of liability insurance that covers other types of professional liability, such as errors and omissions in your work or your work as an employee.

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11 Great Jobs for Nursing Graduates

Yasmine Seidu — Wed, 03 Aug 2022 16:00:06 +0000

Wait! Are you a Nursing Graduate and perplexed in selecting a job? Congratulations! You have come to the right place if you're wondering about jobs for nursing graduates.

What are nursing jobs available for those who have just graduated from nursing school?

The field of nursing is one of the most lucrative and in-demand career paths available today, and it's perfect for you if you love helping people.

If you graduated from nursing school and have chosen to pursue a career in the field, you have made an excellent decision. There are plenty of nursing jobs available.

You probably have a lot of questions about your future career. How much will you make? What kind of hours will you have to work?

We're here to help! We've come up with 11 jobs for nursing graduates that we think will be perfect for anyone looking for an exciting new career path after graduating from nursing school.

Table Of Contents

Registered Nurse

Nurse Manager

Nursing Informatics Specialist

What Type of Nurse Is Most in Demand?

What Jobs Can Nurses Do Besides Nursing?

Who Are the Highest-Paid Nurses in the World?

What State Are Nurses Paid the Highest?

Registered Nurse

Registered nurses are the cornerstone of the medical community. They are responsible for evaluating, diagnosing, and treating patients before referring them to other medical specialists.

They perform physical examinations, take medical histories, treat injuries, provide medication, and manage a patient's care and treatment plan. You can work in long-term care institutions, hospitals, patient homes, or clinics.

If you're interested in helping people and making a difference in their lives, becoming a registered nurse might be your perfect career choice.

RNs typically undergo an associate's degree program to become registered nurses, although some may choose to attend a four-year bachelor's degree program. They must complete one year of clinical training at an accredited nursing school.

The average salary for a registered nurse is $89,850 annually in the United States, according to Indeed.com.

Nurse Manager

Nurse managers are responsible for supervising the nursing staff at medical facilities. Your job is to ensure that the nursing staff runs smoothly and that the patients get the care they need.

As a Nurse Manager, you'll supervise the nursing staff and create a safe, healthy patient environment. You'll also be making management and budgetary decisions, setting work schedules, coordinating meetings, and making personnel decisions.

Nurse Managers typically work in hospitals or other large healthcare organizations. They may also work in home health care or different private practice settings.

The requirements of Nurse managers are Bachelor's degree in Nursing (BSN) and a Registered Nurse (RN) license. They must have at least two years of experience in similar positions with proficiency in Microsoft Word, Excel, PowerPoint, and Outlook.

The average salary for a Nursing Manager is $89,668, according to Payscale.com.

Nursing Informatics Specialist

Nursing informatics specialists are in charge of offering nurses, patients, and other healthcare team members support and services related to information technology.

Your duties as nurse informatics involve analyzing data to improve patient care and evaluating and supporting healthcare technology, software, and hardware; you are the link between the hospital staff and the IT team.

Nursing informatics specialists are a combination of educators, researchers, and software engineers. As an educator, you will teach other nurses how technology can improve patient care. As researchers, you'll conduct studies that help hospitals determine what kind of software is best for their facility. And as software engineers, you'll develop communication and information technologies and policies to help hospitals run more smoothly.

The job requirements for Nursing Informatics Specialists are Bachelor's degree in Nursing (BSN), work experience, and Informatics Nurse Certification through the American Nurses Credentialing Center.

According to Payscale.com, the average annual salary of a Nurse Informatics Specialist is 84,777.

Critical Care Nurse

Critical care nurses are the backbone of the healthcare industry. As a critical care nurse, you will provide round-the-clock nursing care to patients with life-threatening injuries or illnesses.

A critical care nurse is a healthcare professional who works in an intensive care unit (ICU), also known as an emergency room or a trauma bay. These nurses must have extensive knowledge of medical procedures, drugs, and treatments and be able to assess patients quickly and accurately to provide the best care possible.

You'll need to be physically fit and capable of quickly assessing and treating patients; it's important to remember that critical thinking is vital in this fast-paced workplace. You'll be able to use your communicative skills with patients and their families to help them make informed decisions about their care.

A CCN must have a Bachelor of Science in Nursing degree and certification from the American Association of Critical Care Nurses (AACN).

The average salary on CCN is 75,371, according to Payscale.com.

Nurse Risk Manager

Using your BSN, you can work as a nurse risk manager. This type of RN often manages the risk posed to patients and healthcare facilities. Still, as part of that duty, they are also in charge of patient education and communication regarding medications and potential side effects.

As a Nurse risk manager, you can work for governmental organizations, hospice services, long-term care facilities, consulting firms, and other than hospitals.

Nurse risk management ensures that all healthcare professionals adhere to specified policies and procedures to reduce errors and prevent patient injury. Excellent communication abilities, comfort with data analysis, and the capacity to function under pressure are requirements for nurses with this specialty.

To work as a nurse risk manager, you only need a bachelor's degree and work experience.

The average annual salary for a nurse risk manager in the US is $88,510, as stated by Payscale.com.

Public Health Nurse

A crucial component of the healthcare system is public health nurses. They collaborate with local governments to improve public health, prevent disease, and promote healthy lifestyles.

The best part about public health nurses is that they don't just work in hospitals—they work everywhere!

Public health nurses manage and monitor a community's health status. They ensure that immunization rates are high, infectious diseases are under control, deaths are low, and they monitor environmental diseases closely.

Public health nurses collect that data from each patient and then use it to ensure everyone in their communities is healthy—and if they aren't, they figure out what needs to be done to fix things up.

You need a Bachelor's degree (or higher) in nursing, certification in public health, and previous working experience to become a Public Health Nurse.

According to PayScale, PHNs earn a national median salary of $63,837.

Pediatric Nurse

Becoming a pediatric nurse is a tremendously fulfilling career choice if you love children.

A pediatric nurse's duties include caring for patients of all ages, from toddlers to teenagers. As a pediatric nurse, you must also instruct the parents to care for their kids the best and ensure they develop safely.

They might assess the patient's assessment of their symptoms and vital signs, run diagnostic tests, give medication, and carry out quick or specific operations.

Nurses are often called upon to communicate with family members, patients, and health care professionals about various issues and concerns. They also must be creative in their problem-solving skills and time management. To be a pediatric nurse is to have compassion for the whole family as they navigate the challenges of caring for a sick child.

Job Requirements for Pediatric nurses are

Bachelor's degree (or higher) in nursing
Become licensed as a registered nurse (RN).
Previous experience working with children
Earn certification as a pediatric nurse.

The average Pediatric Nurse's salary in the United States is $75,200, as stated by Salary.com.

Oncology Nurse

Oncology nurses focus on the treatment and care of cancer patients. They work tirelessly to ensure that cancer patients receive the best care possible.

They educate the patient and the deceased person's relatives on the therapeutic process. Additionally, an oncology nurse addresses patients' worries and offers therapy to help them manage their mental health.

They are capable of giving chemotherapy and radiation treatments. Oncology nurses may also check patients'

vital signs to help them manage pain and side effects while undergoing treatment.

To become an Oncology Nurse:

Earn an Associate Degree in Nursing (ADN) or a Bachelor of Science in Nursing (BSN).
Pass the NCLEX.
Gain experience as an RN by working in oncology units.
Consider taking courses and earning certification through Oncology Certified Nurse (OCN).

The average Oncology Nurse's salary in the United States is $79,800.

Dental Nurse

Dental nurses are in high demand. They are employed in the dental office and help dentists with procedures like extractions, fillings, and other treatments. Dental nurses are qualified to manage discomfort and ensure patients are at ease throughout operations.

Under a dentist's guidance, you can provide local anesthesia and take radiographs and imprints of the patient's teeth. A dental nurse can take a patient's dental and medical histories and apply temporary coatings and sealants to safeguard teeth.

The average Dental Nurse salary in the United States is $40,335 annually.

Surgical Nurse

The surgical nurses support surgeons throughout both ordinary and more complex surgical procedures. As a surgical nurse, your duties may include:

Preparing the patient for surgery.
Keeping track of the patient's vital signs throughout surgery.
Handing the surgeon's instruments.
Ensuring that post-surgical care is provided to the highest standards.

The career path of a surgical nurse includes a Bachelor's degree (or higher) in nursing, as well as certification from the American Association of Surgical Nurses (AASN).

According to payscale.com, the average annual surgical nurse salary is $60,831.

Hospice Nurse

You will provide care for patients nearing the end of their life as a hospice nurse. This area of expertise is more concerned with maintaining a patient's quality of life throughout their remaining days than treating or mending them.

You must communicate well with patients and their families and know how to deal with any pain or other symptoms that may develop in a patient's final days.

The career attracts nurses passionate about alleviating suffering from a terminal disease and working closely with patients and their families.

The average annual salary is $69,496, according to payscale.com.

Conclusion

Nursing is a highly competitive field with plenty of growth opportunities, and it's never been more in demand than now.

If you love working with people and want to make a difference in the world, nursing is an ideal career path for you.

The field is growing, and the demand for qualified nurses is high. You'll find many options available after graduation—and even with the rising cost of tuition, it's still worth the investment!

We want to thank you for reading our blog today. We hope it was helpful and informative!

Leave the question in the comment section if you have any.

FAQs

What Type of Nurse Is Most in Demand?

Registered Nurses are the most in-demand type of nurse. Registered Nurses work in various healthcare settings, from doctors' offices to hospitals to nursing homes. They provide direct patient care, including giving medications and performing assessments.

What Jobs Can Nurses Do Besides Nursing?

You can put your nursing skills into other industries. who have finished the necessary training and no longer wish to work in clinical nursing may find the following non-nursing occupations appealing:

Medical Billing Specialist
Writer for Health
Nutritionist
The administrator of Health Services
Health Scientist
Executive in Medical Sales
Consultant Nurse
Nurse Educator in Clinical Practice

Who Are the Highest-Paid Nurses in the World?

The BLS reports that Nurse Anesthetists earn an average salary* of about $181,000 per year—making them the highest-paid nursing professionals.

Nurse anesthetists are advanced, highly skilled registered nurses who work closely with medical staff to provide anesthesia during procedures.

What State Are Nurses Paid the Highest?

According to the US Bureau of Labor Statistics, RNs in California earn an average annual salary of $124,000—$59 per hour—more than double the national average nursing salary of $82,750 annually (or $35 per hour).

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10 Best Side Jobs For Nursing Students!

Yasmine Seidu — Mon, 09 May 2022 18:49:00 +0000

So you're a nursing student, and you're wondering how to make money during nursing school? You've come to the right place! We’ve listed 10 best side jobs for nursing students.

You might think it's nearly impossible to work a side hustle while in nursing school, but I'm here to tell you that it's not. You can even find a side hustle that will help you in your nursing career.

It's entirely possible to make a little bit of extra money while in nursing school, and I'm going to share with you how. There are several options for those who have already decided to become a nurse or are still uncertain.

The most obvious choice would be working as an assistant at one of your area's local health care facilities. Another option will be working as a certified nursing assistant (CNA) if you are qualified. This allows you to get some on-the-job training and some experience in the field before going into nursing school.

Table Of Contents

There are many more side jobs for nursing students that can help you make some extra cash, and we will discuss them in detail in this blog post.

Keep in mind that some of these side hustles may require more time than others, so choose the ones that best fit your schedule. Let's get started!

10 Side hustles While In Nursing School

Photo byVlada Karpovich on Pexels

First of all, let's talk about what a side hustle is. Basically, a side hustle is any supplemental income that you make outside of your regular job.

For nursing students, this could be babysitting or pet sitting, tutoring other students in your subjects, or even providing online transcription services to businesses and individuals looking for someone to transcribe audio files.

These flexible jobs can work around your busy schedule and give you some extra cash when needed.

If none of those options appeal to you, there are plenty of other ways to make money from home!

Here's the list:

1. Work as a freelance writer or editor

As a nursing student, you might be wondering how to earn extra money while still focusing on your studies—and you're not alone.

Freelance writing is a great way to use your current skills and make some extra income at the same time.

Nursing requires excellent writing skills—and if you've been practicing as a nurse for a while, there's no reason why you can't put those skills to good use by writing articles online.

While it can take some time to build up experience and get more clients, you should be able to find opportunities through various freelance websites, whether medical companies are looking for extra help in their blogs or general websites such as Upwork that have all kinds of tasks available.

And if you need to start small and work your way up, remember: everything has to start somewhere!

Bottom line? Don't be afraid of giving freelance writing a try. It will provide you with an opportunity both to flex your literary muscles and pay the bills!

2. Do pet-sitting

If you love animals, pet-sitting can be a great way to make extra cash while still spending time with furry friends.

Many people are happy to pay for the services of a responsible and reliable sitter who is willing to come by their home once or twice a day to feed and exercise their pets, provide them with companionship, and take care of any other needs they may have.

Just make sure to set clear boundaries and expectations from the start—that way, both you and your clients will be happy with the arrangement.

Before you start pet-sitting, do some research. Find out what works for you and what doesn't. It's essential to be sure you won't be taking on too much that it will interfere with your studies.

It's also crucial to figure out if there is a market for pet sitting in your local area; if there are no jobs available, it may not be worth your time. Once you have done this, let people know that you are looking for clients.

You can advertise your pet-sitting services online or through word-of-mouth, and you can even offer to take on additional tasks such as watering plants or collecting mail while your clients are away.

3. Get a job working as a nurse's aide

One great way to make some extra money while still in school is to get a job working as a nurse's aide. It’s one of the best side jobs for nursing students.

In this position, you will be responsible for helping nurses with various hospital or clinic setting tasks. This can include everything from taking patients' vital signs and recording medical information to assisting patients with their personal care.

To be a successful nurse's aide, you will need to have strong organizational skills and excellent communication and patient care skills. You will also need to work well under pressure and stay calm and focused in stressful situations.

If you can demonstrate these qualities and have some experience in the healthcare field, you may find plenty of opportunities available to you as a nurse's aide.

To get started, you can look for job postings in your area or contact local medical centers and hospitals directly. You may also be able to find opportunities through online job boards or staffing agencies specializing in the healthcare field.

Additionally, many nursing schools have on-campus support centers that can help connect students with potential employers.

Once you have found a few possible positions, put your best foot forward in the application and interview process to increase your chances of landing the job.

In conclusion, getting a job working as a nurse's aide can be a great way to make some extra money while still in school.

4. Sell your creative work on Etsy or Society6

As a nursing student in the 21st century, most of my time is spent studying and attending class—and while it's great to be away from home and have structure, it can be hard to maintain the motivation and energy levels necessary to carry out daily responsibilities.

That's why you can start an Etsy shop, where you can sell fun patches, cards, stickers, and other items that will make you smile.

These possessions are portable and affordable for people who don't necessarily want something fancy-looking.

They're also an excellent way for you to show off your creative side—something that might be on the back burner of your mind during stressful nursing school days.

To get started, sign up for an account on Etsy or Society6, choose a shop name and design your first few products.

Then, start promoting your work by connecting with other sellers in similar niches, posting about your products on social media, and engaging with potential customers.

With time and dedication, you may find that you are able to make a significant profit from your side hustle.

5. Work As A Virtual Assistant

While many nursing students are focused on building their clinical skills, it's also essential to focus on your professional development in other areas. One excellent side hustle for nurses is to become a virtual assistant or VA.

A virtual assistant provides various services, including administrative tasks and client/customer support. If you're organized and detail-oriented, this could be a good fit for your skills.

As the title suggests, you can be based anywhere geographically if you have an internet connection.

To get started as a virtual assistant, you will need strong computer and internet skills. Additionally, it is vital to be organized, detail-oriented, and able to manage multiple deadlines at once.

You may also need to have some experience working in a customer service or administrative role to succeed in this field.

There are several ways to find clients as a virtual assistant, including online job boards and social media.

You can also set up a profile on sites like Upwork or Fiverr, which offer thousands of jobs from many different employers.

Once you have found a few potential clients, put together a strong portfolio that showcases your skills and experience. Additionally, be prepared to negotiate your rates to land the best possible deals.

The Virtual website Assistant says that the average pay per hour is around $26-$30/hour, but this often depends on your skill level and experience.

You can easily make a high income as a virtual assistant while still in nursing school. Just be sure to manage your time wisely and consistently put your clients' needs first.

6. Find part-time work as a tutor

There are plenty of side jobs for nursing students, but one of the most reliable is tutoring. If you have a skill that might be able to help others, you can use it as a springboard to earning some extra cash.

Whether you're experienced in math and science or enjoy foreign languages or creative writing, there are opportunities for tutors in just about any field imaginable.

Finding a tutoring position isn't necessarily easy; it requires some patience and time to find the right fit.

However, if you have a skill that's particularly valuable, finding work as a tutor can be an ideal way to supplement your income without having to put in too much time outside your classes.

7. Start a blog and sell advertising space

If you're reading this, chances are you're already pretty good at using a computer and writing—so why not put those skills to use by starting a blog about something you love.

You can share your experiences, advice, and tips with other students who are going through the same thing as you, and you can make money from your blog by selling advertising space to interested companies.

To start a successful blog, the first step is to choose a topic or niche that you are passionate about and have some expertise in. This could be anything from nursing school, parenting to fitness, gardening to travel, or home decorating to personal finance.

Once you have chosen your niche, it's time to create content for your blog. This means writing regular posts on a variety of topics related to your niche.

As your blog grows in popularity, you will begin to attract more visitors and, as a result, more potential advertisers. To maximize your earnings, it's crucial to research advertising rates for similar blogs in your niche and price your own rates accordingly.

With a bit of hard work and perseverance, you can quickly turn your blog into a full-time job—or at least earn a significant amount of money while in nursing school.

Just keep creating great content, building your audience, and selling advertising space to interested parties, and you will be well on your way to making a solid side income as a blogger.

8. Check into earning a CPR certification

If you've ever gotten CPR training, you probably got it through a local company that specializes in teaching CPR. Did you know that many of those companies offer instructor certification courses?

Now's the time to look into it! As a nursing student, you're already CPR-certified—and if you take an instructor certification course, you can teach others how to do CPR and make money on the side.

Look for one of these companies in your area and check whether they offer an online option for the course so that you can take it no matter where you are (even when your residency is keeping you from being home!).

Then, find places that need people to do regular CPR training sessions. For example, if there are office buildings around where you live or go to school, see if they have their employees get certified every year or two.
That way, they'll need someone like YOU to come in and show them how it's done!

9. Become a mystery shopper

If you love to shop and don't mind spending a bit of money doing it, becoming a mystery shopper could be the perfect side job for you. Mystery shopping involves posing as a regular customer at a store or restaurant in order to evaluate the quality of the service.

While mystery shopping won't make you rich, it can be a fun way to earn some extra cash while you're out and about. Best of all, you can mystery shop anywhere—meaning you can do it even while you're on clinical rotations!

To get started, sign up with a mystery shopping company like Market Force or Intellicheck. Once you create an account, you'll be able to view available assignments that fit your schedule, and you'll get paid for each one you complete.

Some companies will even offer reimbursement for travel expenses, which means that you can mystery shop on-site at a sporting event or theme park and still earn money!

So what are you waiting for? Start earning extra cash today by becoming a mystery shopper.

10. Start selling handmade jewelry

If you're looking for a creative way to make some extra money, why not start selling handmade jewelry? This is one of the best flexible side jobs for nursing students.
Using polymer clay, you can create unique and beautiful pieces that are both stylish and affordable.

Best of all, you can work from home (or anywhere else with an internet connection) and set your own hours. So if you're interested in making some extra cash and doing something a bit different, consider starting your own jewelry business using polymer clay.

Polymer clay is a versatile material that can be used to create all kinds of jewelry, including bracelets, necklaces, earrings, rings, and more. You can choose from an endless variety of colors, shapes, and textures to create one-of-a-kind pieces that will impress.

To get started, you'll need a few basic supplies like polymer clay, jewelry findings (such as chains and clasps), and an oven or microwave to harden the clay. With just these simple tools, you'll be able to create beautiful pieces that will sell quickly.

So if you want to start making money in a creative and fun way, consider starting your own jewelry business using polymer clay. With just a bit of practice and some creativity, you can easily become a successful seller of unique and stylish jewelry!

Reddit Discussion: How Nursing Students Are Making Money

A few weeks earlier, we asked all the users of Reddit about the best side jobs for nursing students. And we got some pretty unique ideas about what nursing students are doing to earn some extra cash to handle their expenses.

Let's have a look at what students are doing:

One of the nursing students said:

"I deliver food for doordash and uber-eats! I can go online whenever I have the time, and I can cash out instantly. I make about $20-$30 per hour, so it's fast money in a short period of time."

Well, it seems an excellent pay to us too, and the guys seem pretty happy with this side hustle.

Let's see what this girl has to say:

"I'm a phlebotomist! It's super fun; I get patient care but also a really technical skill and knowledge that I can carry into nursing:)."

We already told you in our blog, 12 Most Rewarding Jobs For Pre Nursing Students in 2022, that phlebotomist is worth it. If you are the one who wants to get some skills while studying, then you should consider a phlebotomist job.

You need to read this; this guy is earning a really good amount:

"I do Grubhub and UberEats, which is nice because you work whenever you want. I probably make about $700/week even when I don't work more than 30 hours."

So you see, there are many side jobs for nursing students that any nursing student can have. They are easy and will build your skills while giving you some extra cash.

Can A Nursing Student Work As A PCA?

Can nursing students work as a PCA? It's a question that gets asked a lot. The short answer is: yes, many can and do. But there are a few things to keep in mind before taking on this extra job.

First of all, it's essential to consider your school's guidelines. Some have strict rules about outside employment for their students, so make sure you're not breaking any rules.

It's also best to take the time to contact your state's board of nursing to find out what the requirements are for working as a PCA (personal care assistant) in your state—the answer will vary from place to place.

Additionally, you need to be fully aware of how much time you'll have leftover once your schoolwork is taken care of.

Nursing students tend to have a lot on their plates, so adding another task might not be wise unless you know exactly how much time and energy you'll have left after you've finished everything else.

If you think it will be too much, then it probably is—and that's okay. You can always try again when the time is right. But if you do decide it sounds like a good fit for you right now, then go ahead and give it a shot!

Can I Study Nursing And Work Full Time?

If you're thinking about studying nursing, but you're also wondering if you can work full time while you do it—the answer is yes.

You can work and study, but the key is to make sure you're able to balance the two and that your job doesn't end up getting in the way of your studies.

The first thing to consider is your schedule. If you have a full-time job and it's not very flexible, then studying nursing will be more challenging because classes might not fit into your time off. Even if they do, it's unlikely you'll have enough free time to dedicate to assignments and study.

If your employer is flexible with hours, then there's a better chance that studying could work for you. Being able to work some days and attend classes on others means you won't be missing out on income.

But even with flexible work arrangements, your study will still depend on whether or not there are classes available at times that suit you.

But what if there are no classes or courses that fit your full-time job? Then part-time study could be an option. If you can only afford to take a couple of subjects at once—or even just one subject every so often—then that's okay.

We have an entire blog dedicated to this; check out our blog "Working in Nursing School: 10 Tips for Success" you will get a detailed guide on how you can manage nursing school while working full time.

Summary - How To make money during nursing school?

So still wondering what are the best side jobs for nursing students? Well, you don't have to!

If you are currently in nursing school or know someone who is, hopefully, this post has given you a few ideas of ways to make some extra money.

The best part about many of these side hustles is that they can be done on your own time, so you can still focus on your studies while earning some additional income.

Have you tried any of these side hustles? What was your experience? Let us know in the comments below!

FAQs

Is it hard to work while in nursing school?

It is certainly possible to work while in nursing school. Nursing school is designed to be a full-time commitment, and working a full-time job in addition to attending classes and completing clinical rotations can be very challenging.

That being said, some students do choose to work part-time jobs while in nursing school. If you are considering this option, be sure to speak with your academic advisor to ensure that you will still be able to complete all of the required coursework and clinical hours.

How do nursing students manage their time?

Nursing students manage their time by creating a study schedule and sticking to it.

They also make time for exercise and social activities so they don't become too burnt out. And they use smart techniques like flashcards to help them learn large amounts of information quickly.

Finally, they stay positive and motivated through it all by reminding themselves that the hard work will pay off in the end.

Is a nursing assistant the same as a healthcare assistant?

No. Nursing assistants provide primary care to patients, whereas healthcare assistants have more clinical responsibilities such as taking blood or giving injections.

Nursing assistants are responsible for tasks such as helping patients with bathing and dressing, serving meals, and changing bed sheets. They may also be asked to monitor patients' conditions and report any changes to a nurse.

Healthcare assistants, on the other hand, are more clinically focused and are responsible for tasks such as taking blood samples, giving injections, and recording patient information.

How many hours should I work in nursing school?

There's no one-size-fits-all answer to this question, as the amount of time you'll need to devote to your nursing studies will vary depending on your individual situation.

That said, most students find that they need to study for around 20 hours per week in order to succeed in nursing school.

Of course, the actual amount of time you'll spend studying will vary based on factors such as how easily you grasp new concepts and how much free time you have outside of class.

If you're finding that you need to study more than 20 hours per week in order to keep up with your coursework, don't be afraid to put in the extra time - it'll pay off come exam time!

How do I work overnight and go to nursing school?

There are a few strategies that you can use to balance working overnight shifts and going to nursing school.

One option is to talk with your supervisor at work about shifting your schedule to work fewer overnight or evening shifts. This will allow you to focus more of your time and energy on studying for class rather than trying to sleep during the day.

Another strategy is to use other tools and resources to help you stay focused and energized throughout the day.

For example, you may find it helpful to set specific study goals for each week or establish a regular sleep schedule to get adequate rest during the day.

Additionally, staying organized by using a planner or calendar can help you stay on top of your schoolwork. With some planning and dedication, it is possible to successfully balance working overnight shifts and going to nursing school.

However, the best shift to work while in nursing school is the evening shift, so whenever you get time, ask your employer to change your shift from overnight to evening.

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How To Afford Nursing School? 10 Amazing Tips!

Yasmine Seidu — Tue, 05 Apr 2022 11:20:33 +0000

A lot of people are torn on how to afford nursing school. Nursing school is expensive. There’s no way to sugarcoat that. But it’s also an investment in your future that will pay off in the long run.

Are you a nursing student struggling to find ways to afford nursing school? You are not alone. Many students are in the same boat as you, and it can be tough to find ways to cover the expenses of tuition, room, board, books, supplies, and other related costs.

However, don't give up just yet! There are a few things that you can do to help make your money go further and make nursing school more affordable.

Check out these tips below for some helpful ideas. You may be surprised at just how much money you can save!

Table Of Contents

Find A Scholarship To Pay For Nursing School

Apply For Work-Study Programs At The School

Get A Part-Time Job

Look Into Getting Student Loans Or Grants

Cut Down On Your Living Expenses To Pay For Nursing School

Purchase Used Textbooks And Supplies To Afford Nursing School

Ask Your Family And Friend To Help

Take Advantage Of Nursing Tuition Discounts Offered By Certain Schools

Look Into the Nursing Loan Forgiveness Program

Nursing Apprenticeships

Summary- There Are Many Ways To Afford Nursing School; Don't Give Up!

FAQs

1. What is the easiest nursing school to get into?

2. Is there student loan forgiveness for nurses?

3. How long does it take to pay off nursing school?

4. Why is nursing school so expensive?

Find A Scholarship To Pay For Nursing School

The high cost of nursing school tuition can deter many would-be students from pursuing their dreams of becoming nurses. However, there are several ways to finance nursing school without taking out loans.

One of the best ways to make nursing school more affordable is to find a scholarship to help pay for your degree. There are several scholarships available specifically for nursing students. You may have to do a little digging to find them, but it is definitely worth the effort.

There are scholarships available through the government, private organizations, and even individual schools. Scholarships can come in the form of a one-time payment, or they may be awarded annually.

No matter how you receive the scholarship money, it will definitely help lighten nursing school's financial load. So be sure to explore all of your options and apply for as many scholarships as possible.

Apply For Work-Study Programs At The School

Photo by Scott Graham on Unsplash

If you're looking to save money on nursing school, there are a few different ways to do so. You apply for work-study programs at the school you plan to attend. This can help you earn some money to cover tuition and other expenses.

Additionally, you can ask how the school can help with financial aid. Many schools have special financial aid programs for nursing students. You may be able to get help with tuition, housing, and other expenses.

By exploring your options and taking advantage of available resources, you can make nursing school more affordable.

Get A Part-Time Job

Many nursing students find that working a part-time job while in school is a great way to cover living expenses. In fact, there are some jobs that pay for nursing school. For example, many employers offer tuition reimbursement programs for employees who want to pursue a nursing degree.

Working as a certified nurse assistant (CNA) is another great option. CNAs typically make decent wages and often have flexible schedules that work well around a full class load. Of course, it's important to carefully balance work and school so that your studies don't suffer. But with a little planning, working part-time can be a great way to help pay for nursing school.

Look Into Getting Student Loans Or Grants

Photo by Alexander Mils on Unsplash

You can easily finance your education by taking out student loans. Student loans are a form of financial aid that can be used to cover tuition, books, and other expenses related to your education.

There are two types of student loans: federal student loans and private student loans. Federal student loans are provided by the government and have fixed interest rates. Private student loans are provided by banks and other financial institutions and have variable interest rates.

Another option is to apply for grants. Grants are a form of financial aid that does not need to be repaid. There are many different types of grants available, and you may be eligible for more than one.

Cut Down On Your Living Expenses To Pay For Nursing School

Photo by Alexander Mils on Unsplash

As nursing school tuition costs continue to rise, more and more students are looking for ways to cut down on their living expenses. You can do this is by living at home or finding a roommate.

By living at home, you can save money on rent and utilities. And if you have a roommate, you can split the cost of rent and other expenses.

Additionally, you can save money by cooking at home rather than eating out. And if you have a car, you can save money on gas and insurance by carpooling with your roommates.

Purchase Used Textbooks And Supplies To Afford Nursing School

Photo by Sharon McCutcheon on Unsplash

Anyone who has ever paid for a nursing school textbook knows that they are not cheap. In fact, the cost of textbooks and other school supplies can add up quickly, making it difficult for students to afford the education they need.

But there's a way to reduce the cost of textbooks and other school supplies is to purchase them used or rent them.

Used textbooks and other school supplies are often significantly less expensive than new items, and they can still be in good condition. Additionally, many students find that they only need certain textbooks for a semester or two, making it unnecessary to purchase them new.

By purchasing used or renting textbooks and other school supplies, nursing students can save money and still get the education they need.

Ask Your Family And Friend To Help

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Nursing school is not cheap. There's no getting around it. However, this does not imply that you must incur debt in order to fund your education.

One way to cut the cost of nursing school is to enlist the assistance of family and friends. They may be able to contribute money or help you get discounts on necessary items.

For example, if you need a new stethoscope, your aunt might be able to get you a discount at her workplace. And if you're struggling to pay your tuition, your grandparents might be willing to pitch in.

So don't be afraid to ask for help from your loved ones. They may be able to make your nursing education more affordable.

Take Advantage Of Nursing Tuition Discounts Offered By Certain Schools

There are ways to offset the cost of tuition, and one of them is to take advantage of discounts offered by certain schools or organizations. For example, many nursing schools offer tuition discounts for students who agree to work for their facility for a certain number of years after graduation.

Other schools offer discounts to students who come from disadvantaged backgrounds or who have demonstrated financial needs.

And still, others offer discounts to military veterans or members of certain minority groups. So if you're looking to save on the cost of nursing school, be sure to research the various tuition discounts that may be available to you.

Look Into the Nursing Loan Forgiveness Program

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The nursing loan forgiveness program is a great way to get your nursing education paid for. The program pays up to 65% of your nursing education costs, and you can get the remaining 25% forgiven if you work in a public or nonprofit hospital for five years.

The program is open to registered nurses, licensed practical nurses, and certified nurse assistants. To be eligible, you must be a U.S. citizen or permanent resident and have a nursing degree from an accredited school. When you are ready, fill out the application form.

You must also be employed full-time at a public or nonprofit hospital. If you meet these requirements, you can apply for the nursing loan forgiveness program by filling out an online application.

Nursing Apprenticeships

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Nursing apprenticeships are paid for nursing school. The apprentice attends nursing school and is paid a wage by the sponsoring employer. After completing the program, the nurse apprentice is eligible to take the NCLEX-RN licensing exam.

Nursing apprenticeships have many benefits. They provide on-the-job training, which can lead to better patient outcomes. Apprenticeships also create a pipeline of qualified nurses, which can help reduce turnover and vacancy rates.

In addition, apprenticeships can lead to higher wages and salaries for nurses. Nursing apprenticeships are a great way to get into nursing school and begin a career in nursing.

Summary- There Are Many Ways To Afford Nursing School; Don't Give Up!

How to afford nursing school? This is a dilemma that plagues many new and returning students. The good news is that there are many ways to finance your education so that you can pursue your dreams of becoming a nurse.

Remember to start with the basics and work your way up. Stay motivated and focused on your goals, and before you know it, you will be a registered nurse!

What are some of your favorite methods for affording nursing school? Share in the comments below!

FAQs

1. What is the easiest nursing school to get into?

This is a tough question, but Green River Community College has been named the most accessible nursing school to get into. Visit their website to learn how.

2. Is there student loan forgiveness for nurses?

Yes, there is student loan forgiveness for nurses!

The Nurses Loan Forgiveness Program (NLF) was created to help alleviate the financial burden of nursing students. To qualify, you must be a registered nurse who has graduated from an accredited nursing program and has worked full-time for at least five years. You also must have made 120 qualifying payments on your loans. If you meet these requirements, up to 85% of your remaining loan balance can be forgiven!

3. How long does it take to pay off nursing school?

It depends. How much do you owe?

Seriously though, it really varies from person to person. Some people are able to pay off their loans relatively quickly with a few years of hard work, while others may take a little longer. It really just depends on your individual situation.

One thing to keep in mind is that nursing school is an investment in your future. The sooner you can pay off your loans, the sooner you can start reaping the benefits of having that degree. But no matter how long it takes, just remember that you're going to be worth every penny!

4. Why is nursing school so expensive?

Nursing school is expensive for a number of reasons.

First, there is the cost of tuition. Nursing schools are typically private colleges, and as such, the tuition rates can be pretty high. In addition, nursing schools require students to purchase clinical uniforms and other supplies that can add to the cost of attending school.

Finally, nursing schools often have higher costs associated with maintaining their facilities and providing their students with the latest technology and equipment. All of these factors contribute to the high price of nursing school.

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The post How To Afford Nursing School? 10 Amazing Tips! appeared first on Nursepective.