Learn about business insurance requirements and the most common policies for nurses in North Carolina.
If you have a commercial lease, your property manager may require you to purchase general liability insurance. Commonly purchased by nurses in North Carolina, general liability insurance can protect your business from expenses associated with common mishaps, such as client property damage and injuries.
State law in North Carolina requires every small business that has three or more employees to provide workers’ compensation insurance, which covers medical bills for work injuries.
The most common policies for nurses in North Carolina vary depending on revenue, client contracts, partnerships, and other factors.
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.
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.
Businesses in North Carolina that hire three or more 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.
According to an analysis of Insureon applications, the typical nurse in North Carolina can expect to pay less than the national median for most policies.
For example, the median annual cost of workers’ compensation for a nurse in the state is $784, significantly less than the national median of $1,019. A business owner’s policy for a nurse in North Carolina runs about $100 less than the national median of $500.
Insureon’s industry-leading technology helps nurses in North Carolina 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 North Carolina and can answer your questions as you consider coverage.
To make the application go quicker, have this information ready:
Apply for free insurance quotes for nurses today.