4 Best Malpractice Insurance for Nurses

Best Malpractice Insurance for Nurses Best Malpractice Insurance for Nurses

Best Malpractice Insurance for Nurses – NSO Overview

Negligence and malpractice claims are frequently experienced by medical professionals. Not just doctors but nurses are also at times burdened with such lawsuits.

Even when you feel you’ve done everything according to the procedure prescribed, you may find yourself defending against claims of thousands of dollars.

Don’t let such incidences dishearten you, though, because you can ease this burden by buying professional liability insurance.

Also called malpractice insurance, this insurance policy protects you against liability for potential mishaps or accidents committed while performing your professional duties.

Why Do Nurses Need Malpractice Insurance?

Malpractice insurance is crucial for medical professionals, including registered nurses. While some states have made it mandatory, you should still buy it for the protection it offers.

Keep in mind that malpractice insurance does not protect against every kind of liability claim. Hence, you should know about additional malpractice insurance covers too, such as:

General Liability Insurance – To cover claims caused by bodily injury or property damage to someone’s belongings or personal injury.

Worker’s Compensation Insurance – This covers employees when recovering from work-related injury or ailment and pays medical bills, physiotherapy expenses, and replaces lost wages.

Commercial Property Insurance – This protects the rented or owned building and equipment, including computers, medical tools, software, etc.

What is the Cost of Malpractice Insurance for Nurses?

The specific cost of every professional liability insurance policy varies according to different factors. This is because no two businesses have the same types of needs.

So, you can expect to buy malpractice insurance for nurses at around US$ 300 to US$ 1,500 per year.

The actual cost of professional liability insurance for nurses depends on claims history, location, and experience/duration of operational services.

You can simply contact your choice of insurance provider and request a quote online after filling out the offered forms accurately.

Malpractice Insurance for Nurses

4 Best Malpractice Insurance for Nurses in 2023

4 Best Malpractice Insurance for Nurses in 2023

Several leading insurance companies offer incredibly efficient malpractice insurance coverage. We have listed the top insurance providers that offer the best malpractice insurance for nurses in 2023.

Here is our list of the top insurance companies to buy malpractice insurance policies from for professional nurses in 2023:

1 – Proliability

Probability is among the handful of companies that serve multiple industries. It offers low-cost and high-tier options for professional liability insurance.

This company has been working for decades and has an excellent reputation.

Apart from this, the company also offers numerous types of discounts that lower your premium and make your insurance policy even more affordable.

The reason Proliability scores the number 1 rank on our list is that the company offers only malpractice insurance and no other type of insurance.

Advantages of Profitability Malpractice Insurance

  • Covers a wide range of industries
  • More than 50 Insurance partners count on them for coverage
  • Offers discounted premiums if you are a member of a professional medical association.
  • Offers insurance coverage to students, too

To learn more details about specific malpractice insurance policies and eligibility criteria, feel free to click on the official link https://www.proliability.com/.

2 – Nurses Service Organization (NSO)

The Nurses Service Organization (NSO) serves nurses directly. It offers insurance policies that are specially designed to meet their specific needs. The insurance policies are all offered at quite affordable prices.

You can buy comprehensive professional liability insurance policies at extremely low premium prices.

There are several different types of malpractice insurance available for nurses. Hence, NSO ranks second on our list of the best providers of malpractice insurance for nurses in 2023.

Advantages of Nurses Service Organization (NSO) Malpractice Insurance

  • Offers comprehensive professional liability insurance policies
  • Coverage up to $1 million in each claim
  • Also offers personal insurance policies
  • Offers up to 50% discount for eligible students

To find out more details about this malpractice insurance provider, you can simply click on the official website link here https://www.nso.com/.

3 – Healthcare Providers Service Organization (HPSO)

The Healthcare Providers Service Organization (HPSO) has an incredible reputation for offering comprehensive professional liability insurance policies.

It offers multiple discounts on insurance premiums and has affordable policies for visits to the therapist’s office.

Apart from this, the company also allows you to retain your insurance policy, even if you leave your current employment.

The company has been working for more than three decades and is the choice for malpractice insurance provider of more than 96,000 medical professionals all over the United States.

Advantages of Healthcare Providers Service Organization (HPSO) Malpractice Insurance

  • Offers multiple discounts on premium costs
  • Provides comprehensive professional liability cover
  • Offers portable insurance policies
  • Covers more than 200 different professions

To learn more about malpractice insurance for HPSO, you can choose to visit the official website by clicking on this link https://www.hpso.com/.

4 – State Volunteer Mutual Insurance Company (SVMIC)

The State Volunteer Mutual Insurance Company (SVMIC) has been offering professional liability insurance to different industries for over 40 years now.

This company is renowned for its excellent malpractice insurance policies designed for doctors and nurses. There are numerous policy options to choose from through SVMIC.

The company currently protects against malpractice claims to over 19,000 certified physicians and nurses all over the United States.

The company is designed by physicians to fulfill the unique needs of the various types of medical practices.

Advantages of State Volunteer Mutual Insurance Company (SVMIC) Malpractice Insurance

  • Offers numerous different types of professional malpractice insurance policies
  • Consent clauses and cyber security coverage are also offered
  • Provides ongoing educational courses to medical professionals

To find out further details, such as premium rates and the coverage amount, you can visit SVMIC’s official website by clicking on this link https://www.svmic.com/.


Malpractice insurance for nurses is inevitable today. This insurance protects you against claims of negligence, inaccurate advice, misrepresentation, and failure to protect a patient’s health record.

These types of insurance policies are commonly sought by medical and healthcare professionals, such as physicians, surgeons, nurses, physiotherapists, dentists, and others.

It is highly advisable to buy malpractice insurance for nurses because it covers the cost of legal fees, judgments, defense costs, settlements, etc.

Professional liability insurance also offers to cover the cost of lost income when you need to attend a trial or deposition.

See Also

Insurance for Physicians

Types of Nurses

How Much Does a Nurse Practitioner Make?

Home Loans for Nurses

DHHS Grant Program

Malpractice Law Firms

Malpractice Law in the US

Medical Malpractice Statue of Limitations

Grants for Nursing School

I am a dedicated healthcare researcher and an enthusiast specializing in medical grants, medical education and research. Through my articles, I aim to empower healthcare professionals and researchers with valuable insights and resources to navigate these critical aspects effectively.

Having sharpened her skills as a validation manager in the fast-paced world of Cybersecurity over a decade, Andrea now applies her expertise to raise the standards of the fact-checking space. As a meticulous fact-checker, she diligently validates the claims presented in our articles, leaving no room for misinformation or ambiguity.

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