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Individual malpractice insurance decisions revisited
Author(s) -
Murphy Ellen K.
Publication year - 1998
Publication title -
aorn journal
Language(s) - Uncategorized
Resource type - Journals
SCImago Journal Rank - 0.222
H-Index - 43
eISSN - 1878-0369
pISSN - 0001-2092
DOI - 10.1016/s0001-2092(06)62610-0
Subject(s) - pace , malpractice , malpractice insurance , business , actuarial science , accountability , insurance policy , health care , health insurance , liability insurance , economics , law , political science , geodesy , economic growth , geography
Nurses' professional obligations to their patients include financial accountability. Whether nurses best provide this through self-insurance, coverage by an employer's insurance policy, or by purchase of an individual policy remains a personal decision. Changes in law and the health care market, however, should prompt a revisiting of this decision because the relative costs and benefits of each option may have changed. The pace of these changes, the unexpected consequences of some of the legal changes, and the individual differences in each nurse's situation may require seeking legal counsel to identify and evaluate the risk/benefits in that situation. The cost of that counsel may well exceed the cost of the policy premium.