Learn about business insurance requirements and the most common policies for nurses in California.
Which policies are required for nurses in California?
If you have a commercial lease, your property manager may require you to purchase general liability insurance. Commonly purchased by nurses in California, general liability insurance can protect your business from expenses associated with common mishaps, such as client property damage and injuries.
State law in California requires every small business that has employees to provide ;workers’ compensation insurance, which covers medical bills for work injuries.
What are the most common policies for nurses in California?
The most common policies for nurses in California vary depending on revenue, client contracts, partnerships, and other factors.
General liability insurance
General liability insurance is the foundation of a nurse’s business protection, with coverage that extends to client injuries, client property damage, and advertising injuries. Most commercial leases require you to have this coverage.
Professional liability insurance
Also called malpractice insurance, professional liability insurance for nurses protects against claims that your work caused harm. That could include accidentally administering the wrong medication, or a baseless claim that you mistreated a patient.
Business owner's policy (BOP)
Nurses sometimes qualify for a business owner’s policy. This package helps your business save money by bundling commercial property insurance with general liability at an affordable rate.
California workers' compensation
Businesses in California that hire employees are required to carry workers’ compensation coverage. If you are a sole proprietor, the coverage is optional. However, if you slip and break an arm in your office, or injure your back lifting a patient, you can turn to your workers’ comp policy to help pay your medical bills and lost wages.
What do nurses in California pay for insurance?
According to an analysis of Insureon applications, the typical nurse in California can expect to pay the same as the national median for some policies but significantly more for others.
For example, the median annual cost of a business owner’s policy for a nurse in the state is $500, exactly the same as the national median. However, the $2,675 median cost for California nurses to get workers' compensation coverage is more than double the national median.
Save time and money with Insureon
Insureon’s industry-leading technology helps nurses in California save time and money shopping for insurance by comparing policies from top U.S. carriers. Start a free online application to review quotes for the policies that best fit your business. Our insurance agents are licensed in California and can answer your questions as you consider coverage.
To make the application go quicker, have this information ready:
- Workforce details, such as the number and types of employees
- Current and projected revenue
- Business partnerships
- Insurance history and prior claims
- Commercial lease insurance requirements
Apply for free insurance quotes for nurses today.