Whether you work in a hospital, clinic or private practice, nurses are at the frontline of the healthcare system. Although your work can be rewarding (and, at times, exhausting), it also means that you’re exposed to a number of risks. For this reason, it’s essential that you have professional indemnity insurance in place so you’re protected now and into the future.
Here at GSK Insurance Brokers, we offer affordable and comprehensive professional indemnity insurance for nurses to ensure that you’re protected financially in the event of a compensation claim.
Professional indemnity insurance for nurses
Professional indemnity insurance is designed to protect professionals who provide advice or services against legal costs associated with a claim for damages. This could be due to an act, error, omission or breach of duty which results in a third-party loss. If you work in Australia, the Nursing and Midwifery Board of Australia (NMBA) requires nurses and midwives to have indemnity insurance in place in order to practice.
If you work for an employer, you may already have some form of indemnity insurance cover in place but in some cases, this does not provide adequate cover for all of your risk exposures. If you’re a sub-contractor or self-employed, you’ll generally be required to organise your own indemnity cover. Whether you’re a midwife, enrolled nurse, registered nurse, nurse practitioner, community health nurse or at-home nurse, you must have indemnity cover in place to fulfil your registration.
Protecting you with targeted nurse insurance
Nurses are exposed to a number of risk on a daily basis and claims could result from scenarios such as administering the incorrect medication, provide the wrong advice to a patient or failing to follow instructions properly. Professional indemnity insurance will provide cover for compensation costs, as well as the legal bills associated with a claim. You may also be covered if you need to hire a public relations consultant should there be media attention. Indemnity insurance allows you to go about your job without having to worry about what would happen financially if something went wrong.
Flexible, professional insurance cover
GSK Insurance Brokers are one of Australia’s leading brokers and we have a reputation for providing expert advice and cover for our diverse client base. Our brokers take the time to analyse the unique risks that you face in your day to day work so you can be confident that you have the right level of cover in place. Our industry experience allows us to navigate the increasingly complex world of insurance on your behalf and we offer end-to-end support, from taking out your policy to stepping in at claim time. We provide you with consistent service and a personalised approach to your insurance coverage.
If you’d like to find out more about nurse insurance, speak to the experienced team at GSK Insurance Brokers today.