North Dakota Nurse Registry Insurance

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North Dakota Nurse Registry Insurance Policy Information

ND Nurse Registry Insurance

North Dakota Nurse Registry Insurance. Registered nurses make up approximately a third of the healthcare industry - and without competent, qualified, nurses, few healthcare facilities would be able to function competently.

Nurse registries, or staffing agencies for nurses, play a vital role in ensuring that hospitals and other facilities, such as palliative care homes, have access to the nursing staff they depend on. A nurse registry can place nurses on a temporary or a permanent basis.

Nurses registries arrange for the leasing and employment of nurses to clinics, hospitals, institutions, medical offices, nursing homes, and for private duty. The nurse's job assignment may be permanent, short-term, or temporary, as specified by the hiring company.

The registry keeps records of the nurses' education, degrees, licensing, skills, training, resumes, past assignments, and performances, matching requests for nurses with the type of service or training desired. They may assist hiring companies by running background checks.

The registry is compensated for their services by the company with the job opening or by the nurse seeking employment, on either a commission or flat fee basis.

The nurse seeking employment, the customer seeking the nurse, and the registry must fully understand the terms and conditions of the employment arrangement.

The contractual agreement should define who is obligated and responsible for providing workers compensation coverage, who pays the fee for the employment arrangement, who handles payment to the employee, who accounts for taxes and other mandatory deductions, and who provides miscellaneous employee benefits, if any, such as health insurance or a 401(k) savings plan.

While there is no question that nurse registries play an indispensable role in public health, these businesses are also vulnerable to a range of risks.

Nursing staff agencies help others weather their worst moments, but to make sure your business has access to first-aid in case of emergency, you need the right insurance. What types of North Dakota nurse registry insurance coverage should be in place? Read on to discover more.

North Dakota nurse registry insurance protects your leasing and employment business from lawsuits with rates as low as $47/mo. Get a fast quote and your certificate of insurance now.

Why Do ND Nurse Registries Need Insurance?

Not only are nursing staff agencies legally required to invest in certain types of insurance, being correctly insured may save your business from massive debt or even bankruptcy in the event that you are confronted with a major peril.

Nursing registries face the same universal risks as any other commercial venture, after all, as well as risks unique to this industry.

Your commercial premises may be struck by acts of nature - wildfires, hurricanes, serious floods, and many others - at virtually any time, and you can do little to prevent this.

Theft, vandalism, and fire are three further examples of serious risks. When your office space and its contents are destroyed or damaged, massive repair or replacement costs inevitably follow. You may simultaneously be forced to interrupt your business, leading to losses on two fronts.

Third parties may be injured within your facility, or your agency's activities could accidentally damage a neighboring business' property. Unique to your industry, a nurse registry may also face lawsuits after one of the staff on their roster is accused of negligence of misconduct.

Nurses understand that risk is an integral part of life better than most. Insurance is crucial to nurse staffing agencies for the simple reason that mishaps and disasters are realistic threats.

Even if your business is impacted by a major peril, having the right North Dakota nurse registry insurance means you are only facing a temporary setback from which you will soon recover.

What Type Of Insurance Do North Dakota Nurse Registries Need?

Just as each nurse registry is unique, your insurance program should be tailored to your particular business. Variables like the jurisdiction within which you operate, the location of your ND office space, the size of your operation, and your number of employees all influence your insurance needs.

For advice tailored to your specific nurse registry, consult a commercial insurance broker who specializes in the healthcare sector. Meanwhile, here is a look at some of the most important types of North Dakota nurse registry insurance that should be considered:

  • Commercial Property - Your office space is the beating heart from which you match nurses with healthcare facilities. If it were to be impacted by perils that include acts of nature, theft, vandalism, and named accidents, this crucial insurance covers the repair and replacement costs for not only your building, but also many of its contents.
  • General Liability - This type of North Dakota nurse registry insurance covers the legal expenses that arise from third party bodily injury or property damage claims pertaining to your premises or activities. Were someone to fall down poorly maintained stairs in your facility, for instance, general liability coverage will take care of your attorney fees and settlement payments.
  • Professional Liability - The nurses on your registry will each need to carry their own nurse malpractice insurance. That does not, however, mean that your agency cannot be held liable in malpractice cases. Professional liability insurance assists your business in managing the related costs.
  • Workers' Compensation - If you employ five or more workers, likely administrative staff, your nurse registry will also need workers' compensation insurance. Should an employee be injured at work, this coverage will pay for their medical bills, as well as covering any income they lose to resulting work absences. Workers' comp does not, you should note, cover self-employed nurses on your registry.

Although these forms of North Dakota nurse registry insurance go a long way toward protecting agency from financial loss, you may also require additional coverage, whether in the form of cyber or commercial auto insurance.

Discuss your questions and concerns with a commercial insurance broker who is deeply familiar with nursing.

ND Nurse Registries' Risks & Exposures

Premises liability exposure is moderate due to the number of clients visiting the premises. The waiting area, interview, and conference rooms must be well lighted with floor covering in good condition. Exits must be sufficient in number, be well marked, and have backup lighting in case of power failure.

Parking lots and sidewalks need to be in good repair with snow and ice removed, and generally level and free of exposure to slips and falls. Personal injury liability exposures are high due to the potential for allegations of assault, breach of confidentiality, discrimination, and invasion of privacy.

The registry must take great care to maintain confidentiality when obtaining and releasing information regarding nurses and employers.

Professional liability exposure is high. The background, training, and licensing of the agency's own employees should be verified. Background checks must be done on all nurses represented by the registry to verify their educational accomplishments, licenses, and credentials. Nurses must be matched with the needs of clients since misrepresentation of either party may result in allegations of negligence.

If workers are placed in temporary positions, contracts with the registry, the client company, and the nurse must specify the exact date, time, place, wages, insurance coverages, and other arrangements for the services that are arranged. Allegations of Medicare fraud for improperly billed services have been made in some states. In some circumstances, agencies may be held liable for improper treatment of workers by the hiring company.

Workers compensation exposures are generally limited to office-type hazards. Potential injuries include eyestrain, neck strain, carpal tunnel syndrome, and similar cumulative trauma injuries that can be reduced through ergonomically designed workstations.

Personal contact with clients may involve situations that could produce injuries, such as assault. If nurses are leased or rented out, the exposure increases as the company has little control over the client's work premises or hazards.

The employment contract should specify whether the registry or the client company provides workers compensation coverage.

Property exposures are generally limited to that of an office. Ignition sources include electrical wiring, heating, and air conditioning systems, wear, and overheating of equipment. Computers and other electronic equipment may be targets for theft.

Inland marine exposure consists of accounts receivable if the registry offers credit, computers, and valuable papers and records for client companies' and nurses' information. Duplicates should be made and kept in an off-site backup facility for easy reproduction following a loss.

Crime exposure is from employee dishonesty since the registry usually handles billing and related paperwork for workers. Background checks should be conducted on all employees handling money. There must be a separation of duties between persons handling deposits and disbursements and reconciling bank statements. Audits should be performed at least annually.

Business auto exposure may be limited to hired and non-owned. The exposure increases if the registry offers shuttles for temporary workers, transports clients to job interviews, or if employees use their own vehicles for agency business.

All drivers must have appropriate licenses and acceptable MVRs. Vehicles must be maintained, and records kept in a central location. If the registry provides vehicles to employees, there should be written procedures regarding the private use of these vehicles by others.

North Dakota Nurse Registry Insurance - The Bottom Line

To discover the exact types of North Dakota nurse registry insurance policies you'll need, what coverage limits you should have and the resulting premiums, consult with a reputable broker that is experienced in commercial insurance.

North Dakota Economic Data, Regulations And Limits On Commercial Insurance

Made In North Dakota

Are you an entrepreneur? Are you thinking about launching a start-up business in North Dakota, or are you thinking about expanding an already existing business to the state?

If so, it's important to consider the economic trends and the commercial insurance requirements of the Peace Garden State.

Understanding the economic trends of state is crucial for business owners because this information indicates whether or not the climate is favorable for success.

Being aware of the commercial insurance policies that the state mandates is also important so that you know what types of coverage you need to invest in order to properly protect your venture and ensure you are complaint with the law.

Below, we offer an overview of these two critical factors for related to the state of North Dakota.

Economic Trends For Business Owners In North Dakota

Unemployment rate is a strong indicator of a state's economy. The lower the rate, the more people are employed, and that information is directly related to the success businesses are experiencing in the state.

In December of 2019, the Bureau of Labor Statistics reported that the unemployment rate in the Peace Garden State was 2.4%, which was 1.1% below the national average of 3.5%. This statistic indicates that North Dakota offers a favorable economy for prospective business owners who are thinking about establishing operations in the state.

Additionally, the state is tax-friendly, offers a healthy quality of life, and has a healthy startup environment, making it an ideal location for entrepreneurs.

As in most states, the areas where entrepreneurs can expect to see the most success in the North Dakota are urban locations and the suburbs that surround them. These areas offer access to more regional markets, provide larger markets, and offers a more diverse (both in numbers and qualifications) workforce.

As such, the best locations to start a business in ND include:

  • Bismarck
  • Dickinson
  • Fargo
  • Grand Forks
  • Mandan
  • Minot
  • West Fargo
  • Williston

Organizations in numerous sectors can expect to see success in this state, as there are several industries that are thriving in North Dakota. The top industries include:

  • Agricultur
  • Construction
  • Education
  • Energy
  • Healthcare
  • Hospitality and tourism
  • Manufacturing
  • Mining
  • Retail and wholesale distribution
  • Transportation
  • Utilities
Commercial Insurance Requirements In North Dakota

The North Dakota Insurance Department regulates insurance in ND. North Dakota mandates very few forms of insurance coverage by law. They enforce worker's compensation.

North Dakota requires you to have worker's compensation insurance if you hire even one employee on a regular basis. This includes part-time employees, family members, minors, and immigrant employees. It is not required for independent contractors or domestic employees, though you should check to make sure any contractors you have are true contractors, and not employees.

North Dakota also requires all business-owned vehicles to be covered by commercial auto insurance. Other types of business insurance that business owners should carry depend on the specific industry.

Additional Resources For Medical Insurance

Discover small business insurance for medical and dental professionals. Medical malpractice insurance is a type of professional liability that protects health care professionals from liability causing in bodily injury, medical expenses and property damage.


Medical And Dental Insurance

Health care providers are the most trusted individuals in our society. Ironically, they are the same ones who can do the greatest harm. They actually have the right to invade our bodies with knives and to poison us with chemicals - all in the name of health care and with the goal of relieving our symptoms and hopefully bringing about a cure.

While the actions of these professionals normally benefit us, insurance coverage must be available for the times when mistakes happen and things go wrong. These professionals and their facilities have extensive property exposures that are becoming more and more intricate and whose values are increasing exponentially.

The 'one size fits all' approach that once could have applied to insurance for health care providers and their facilities no longer applies.

Professional liability offers protection against claims of malpractice for all sums that the medical professional becomes legally obligated to pay as damages because of rendering or failing to render professional services.

Professional and medical malpractice exposures are the most expensive and difficult of all exposures for health care providers. The commercial general liability policy excludes these exposures so separate coverage is needed. Most professional liability policies are written on a claims-made basis and, as a result, tail coverage and retroactive dates are important coverage issues to be aware of when evaluating the insured’s coverage needs and comparing coverages.

The coverage provided is often called medical malpractice. For decades, many involved in the health care field and insurance companies that provide insurance coverage to providers have stated that malpractice lawsuits have created an ongoing crisis of restricting insurance availability, due to loss of insurance companies that write the coverage and significant rate increases.

As a result, state legislatures have taken the following actions to address the situation:

Imposed a dollar limitation of liability for malpractice suits.

Modified statutes of limitation to limit the number of years that a suit may be brought against a physician following a negligent act.

Modified when the statute of limitations takes effect. An example is beginning from a negligent act's occurrence rather than from its discovery.

Passed laws to modify tort law procedures and doctrines that relate to malpractice.

Because of differences in law by state it is important to know the states in which the covered health care providers are licensed and regularly practice. Some health care providers may practice in multiple states because of their particular specialty, their reputation or the demand for their services. Some hospitals may have ownership in facilities or provide services to patients that are outside of their main location state.

Minimum recommended small business insurance coverage: Business Personal Property, Business Income and Extra Expense, Employee Dishonesty, Money and Securities, Accounts Receivable, Computers, Physicians and Surgeons Floater, Valuable Papers and Records, General Liability, Employee Benefits, Professional, Umbrella, Hired and Non-owned Auto & Workers Compensation.

Other commercial insurance policies to consider: Building, Earthquake, Equipment Breakdown, Flood, Leasehold Interest, Real Property Legal Liability, Computer Fraud, Forgery, Cyber Liability, Employment-related Practices, Business Automobile Liability and Physical Damage and Stop Gap Liability.


Request a free North Dakota Nurse Registry insurance quote in Ashley, Beach, Belcourt, Belfield, Beulah, Bismarck, Bottineau, Bowman, Burlington, Cando, Cannon Ball, Carrington, Casselton, Cavalier, Center, Cooperstown, Crosby, Devils Lake, Dickinson, Drayton, Dunseith, East Dunseith, Elgin, Ellendale, Enderlin, Fargo, Forman, Fort Totten, Four Bears Village, Garrison, Glen Ullin and Wilton, Grafton, Grand Forks, Green Acres, Gwinner, Hankinson, Harvey, Harwood, Hatton and Underwood, Hazen, Hebron, Hettinger, Hillsboro, Horace, Jamestown, Kenmare, Killdeer, Kindred, LaMoure, Lakota, Langdon, Larimore, Lidgerwood, Lincoln, Linton, Lisbon, Mandan, Mandaree, Mapleton, Mayville, Milnor, Minot, Minot AFB, Minto, Mohall, Mott, Napoleon, New England, New Rockford, New Salem, New Town, Northwood, Oakes, Park River, Parshall, Pembina and Edgeley, Portland, Ray, Reile's Acres, Richardton, Rolette, Rolla, Rugby, Shell Valley, Stanley, Steele, Surrey, Thompson, Tioga, Towner, Turtle Lake, Valley City, Velva, Wahpeton, Walhalla, Washburn, Watford City, West Fargo, Williston, Wishek and all other cities near me in ND - The Peace Garden State.

Also find North Dakota insurance agents & brokers and learn about North Dakota small business insurance requirements for general liability, business property, commercial auto & workers compensation including ND business insurance costs. Call us (701) 540-5400.

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