If you're accused of neglect or wrongful death, the legal costs could be staggering. Malpractice insurance and other policies can help pay for attorney's fees, accidental damage to a patient's belongings, and work-related injuries, giving you the peace of mind to focus on your job.
These insurance policies cover common risks faced by LPNs and LVNs.
Nurse malpractice insurance covers legal defense costs related to professional negligence, such as failure to monitor a patient. It’s also called professional liability insurance.
Most states require workers' comp for businesses that have employees. It also helps cover work-related medical bills for LPNs and LVNs who work independently, which health insurance could deny.
A business owner's policy, or BOP, is a cost-effective way for licensed practical nurses and licensed vocational nurses to buy commercial property insurance and general liability coverage together.
This type of LPN insurance covers legal defense costs from third-party accidents, such as an elderly patient who slips and suffers an injury. It's often required for a commercial lease.
This policy helps LPNs and LVNs pay costs associated with data breaches and cyberattacks. It can often be added to a business owner's policy or general liability policy for savings.
Most states require commercial auto insurance for vehicles owned by a nursing professional's business. It provides financial reimbursement in the event of an accident involving your business vehicle.
It's easy to get business insurance for licensed practical nurses and licensed vocational nurses if you have your company information on hand. Our application will ask for basic facts about your practice, such as revenue and number of employees. You can buy a policy online and get a certificate of insurance with Insureon in three easy steps:
Insureon's licensed insurance agents work with top-rated U.S. providers to find the right insurance plan for nurses, caregivers, and other healthcare providers, whether you work independently or hire employees.
Accusations of professional negligence can cost a fortune in court, which is why malpractice insurance, also called professional liability coverage, is such an important part of risk management for LPNs and LVNs. There are several reasons why you might need to carry this insurance coverage:
Keep in mind that medical malpractice insurance is usually a claims-made policy instead of an occurrence-based policy. That means it only provides coverage for malpractice claims filed while the policy is active.
Fortunately, it's possible to save money on malpractice insurance costs. Insureon's easy online application lets you compare quotes to find the best possible rate. You can customize your coverage options to match your specific needs and your budget.
Licensed practical nurses and licensed vocational nurses are both entry-level licensed nurses who provide basic patient care in a variety of settings. The difference is where they're licensed: most states call this type of nurse an LPN, but California and Texas use the job title of LVN.
To gain either nursing license, you'll need to complete the specific requirements outlined by your state. Typically, the application process includes:
The license must be renewed every two to four years, depending on your state.