4 Best Malpractice Insurance for Nurses

Best Malpractice Insurance for Nurses – NSO Overview

Medical professionals frequently experience negligence and malpractice claims. Doctors and nurses are sometimes 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.

However, don’t let such incidents dishearten you. 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 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, 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 for around $300 to $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 one of a handful of companies that serves multiple industries. It offers low-cost and high-tier professional liability insurance options.

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

In addition, the company offers numerous types of discounts that lower your premium and make your insurance policy even more affordable.

Proliability offers a range of professional liability insurance products across multiple industries, not exclusively malpractice 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) specializes in providing professional liability insurance to nurses and other healthcare professionals, not exclusively serving nurses. 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 malpractice insurance providers 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.

In addition, the company allows you to retain your insurance policy even if you leave your current employment.

The Healthcare Providers Service Organization (HPSO) covers many healthcare professionals.

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 HPSO’s malpractice insurance, 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 offered professional liability insurance to different industries for over 40 years.

This company is renowned for its excellent malpractice insurance policies designed for doctors and nurses. SVMIC offers numerous policy options.

The company protects over 19,000 certified physicians and nurses from malpractice claims throughout the United States.

State Volunteer Mutual Insurance Company (SVMIC) offers professional liability insurance tailored to healthcare professionals, including but not limited to physicians and nurses, designed to meet the broad needs of the medical community.

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

Buying malpractice insurance for nurses is highly advisable 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

Malpractice Insurance for Physicians

Current Version
November 9, 2023
Fact Checked By
Tim Bevelacqua, MN, RN
September 15, 2023
Updated By
Andrea Morales G.
March 26, 2024
Updated By
Tim Bevelacqua, MN, RN

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