[NPInfo] malpractice insurance

[Carla Anderson]

Does anyone have any ideas over which is better for "firm" or business insurance?  My colleague Meg and I wrote a short article published in Advance  about our personal  experience (which was not great) with Marsh as we NEVER did end up getting insurance for our LLP, and I have been waiting now for 3 months, yes 3 months! to hear back from NSO for my own practice PC even though it is for myself only, no employees or independent contractors...they seem to freeze up if you mention you are a corporation or a business...so which is it? This is ridiculous. I am now going to probably switch..or maybe resort to a broker to get it for me. Not to mention the cost triples, but yes I agree, Florida sounds worse.. Carla 

Jeffrey Hazzard <jeffnp27 at yahoo.com> wrote:  Be glad you are not in Florida. NSO has policies in 53 American jurisdictions. The premium is $1,247 for 52 of those jurisdictions. The premium is $2532 in Florida. 
Florida is the wild west of malpractice litigation. Being sued here isn't even a shameful thing...it is luck of the draw. 

wrightnp wrote:
It's renewal time for my FNP malpractice insurance and I discovered on the
back of the renewal that my NSO policy which costs $1,247 ends up costing a
lot in administrative/marketing fees. A whopping 40% of the premium!



I took a look at Marsh, that is offered through ANA and it costs $1095 minus
10% for having ANCC certification. So I'd pay $986.50 Marsh/Affinity gets
27.5% administration fee. Better than 40%!



Both are "Occurrence" policies.



Anyone know of any reason why I should not switch?



Cathryn

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Carla R. Anderson, FNP-C
  Healing Presence Family Practice, PC  
  carla_rayne at yahoo.com
  503 819 9726