Nurse Insurance Ohio Policy Information
Nurse Insurance Ohio. Nurses play an essential role in providing vital health care. Similar to other licensed health professionals, nurses are exposed to numerous potential risks.
Nurses are licensed health care professionals who work with patients and other medical service providers.
State regulations determine the services they can provide independently, which may include taking patients' medical histories, conducting physical examinations, diagnosing diseases, ordering laboratory tests, writing prescriptions for common ailments, coordinating care given by a team of medical practitioners, and educating patients or the general public about preventative care.
There are two major divisions of nurses: licensed practical nurses (LPNs) and registered nurses (RNs). LPNs generally complete a 2-year course of study while RNs earn a 4-year college degree.
Few nurses operate independently from their own private offices. Most are employed by physicians' offices, hospitals, clinics, and rehabilitation facilities. Others work as home health care providers, in the insurance industry as workers compensation consultants, in schools, or in drugstores.
In order to properly protection themselves from any lawsuits that may arise, OH nurses should protect themselves with a comprehensive nurse insurance Ohio policy. Below, you'll find out more about nursing insurance, what type of coverage it provides, and why investing in this type of insurance is so important.
Nurse insurance Ohio protects nurses from malpractice and other liability lawsuits with rates as low as $27/mo. Get a fast quote and your certificate of insurance now.
Why Do Nurses Need Insurance?
As a OH nurse, you are tasked with numerous responsibilities that are related to the health and well-being of the patients you care for. Assessing symptoms, ordering diagnostic tests, prescribing medications, offering advice, administering vaccinations, and so much more; the recommendations and care that you provide has a direct impact on the health and safety of your patients.
While you try your best to make the most informed decisions for the benefit of your patients and you always try to uphold the promises that you have made to protect the people you treat, there is a chance that an error could happen.
Any errors that you make could have negative consequences on your patients' well-being, and as a result, you could end up facing medical negligence claims.
It's estimated that patients file upwards of 19,000 medical malpractice suits in the United States each year. Though the majority of these suits do not result in a payout, the legal representation that you'll need should you face a lawsuit can be exorbitant.
And, just because most lawsuits don't result in a pay out, that doesn't mean that any claims that are filed against you won't. In addition to the financial losses that you could end up facing, you could face other consequences, such as being stripped of your nursing license.
That's where a nurse insurance Ohio policy comes in. This policy can provide you with the coverage that you need to protect you from any legal claims that may be filed against you.
What Type Of Insurance Do Nurses Need?
A OH nurse insurance policy provides liability insurance against medical malpractice claims and other legal issues that these health professionals may face.
Here are some of the most in demand nursing specializations as of 2021:
- Cardiovascular nurse
- Dialysis nurse
- Emergency room nurse
- Home health nurse
- Intensive care unit (ICU) registered nurse
- Labor & delivery nurse
- Licensed practical nurse (LPN)
- Medical-surgical nurse
- Neonatal intensive care unit (NICU) nurse
- Nurse anesthetist
- Nurse case manager
- Nurse manager
- Nurse practitioner (NP)
- Nursing assistant
- Oncology nurse
- Operating room (OR) nurse
- Pediatric nurse
- Post-anesthesia care unit (PACU) nurse
- Psychiatric nurse
- Radiology nurse
- Registered nurse (RN)
- School nurse
- Staff nurse
- Telemetry nurse
- Travel nurse
Examples of nurse insurance Ohio coverage that a robust insurance policy will provide include protection against include:
- Malpractice: Patients who experience adverse results from treatment may be fast to place the blame on the entire health care team and sue. Also know as professional liability, this coverage can help protect against claims of negligence.
- Sexual Misconduct: If a patient were to take legal action against a nurse practitioner that alleges sexual misconduct or sexual abuse, a robust insurance policy will help to cover the expenses that are associated with legal representation and any payouts that a court may find the defendant responsible for.
- Cyber Liability: This insurance policy also covers any data breaches that may lead to the confidential information of patients that may be compromised. It will pay for legal representation that may be needed, as well as support and mitigation of these risks, and any compensation that a court may require the nurse practitioner to pay out.
These are just a few examples of the type of nurse insurance Ohio coverage that a comprehensive nursing insurance policy should provide.
OH Nursing Risks & Exposures
Premises liability exposure is moderate due to patients' access to the premises. To prevent trips, slips, and falls, all areas accessible to patients must be well maintained with floor covering in good condition.
The number of exits must be sufficient, and be well marked, with backup lighting in case of power failure. Parking lots should be maintained free of ice and snow. Housekeeping should be excellent and spills must be cleaned up promptly.
Maintaining a patient's privacy is critical. Examination rooms, check-in and checkout stations must be in private areas so one patient cannot view information or overhear conversations regarding another patient's' confidential information.
Professional liability (malpractice) exposures are moderate. The exposure increases if the provider fails to conduct thorough background checks to verify employees' credentials, education, and licensing. The more types of procedures that the nurses perform, the more chance of a professional loss.
Very serious losses may result from failure to secure patient approval before performing procedures, including vaccinations. Needles and other equipment must be sterilized and sanitized to prevent the spread of blood-borne infectious diseases such as hepatitis, HIV, and AIDS.
Finally, inappropriate touching and sexual misconduct must be considered.
Workers compensation exposure is due to the possible transmission of disease from a patient. Gloves and masks should be worn at all times when working around any bodily fluids. Employees should have access to vaccinations to prevent diseases.
Unruly or unpredictable patients can cause harm including strains, back injuries, and contusions. Cuts and puncture wounds may be caused by the use of sharp equipment such as scalpels or needles.
Training and safety equipment should be in place to prevent exposure to radiation when performing X-rays. Back injuries can occur due to the mobility limitations of many surgical or home health care patients, requiring lifting or support.
Since patient information and billings are done on computers, potential injuries include eyestrain, neck strain, carpal tunnel syndrome, and similar cumulative trauma injuries that can be addressed through ergonomically designed workstations.
Property exposure is very light for fire and crime as nurses usually work at the premises of others and have little equipment of their own. Ignition sources include electrical wiring, heating, and air conditioning systems.
Crime exposure is from employee dishonesty of both money and inventory. The potential for theft, directly or by means of identity theft, is great. Background checks should be conducted on all employees handling money. Deposits should be made regularly and money should not be kept on premises overnight.
Inland marine exposure can include accounts receivable if the nurse bills for services, computers, and valuable papers and records for patients' records. The physicians and surgeons floater can be extended to include all office furnishings.
Duplicates of all records and programs should be kept off site. The off-premises exposure may be significant if the nurse takes equipment, supplies, or medications between treatment locations.
Business auto exposure may be hired and non-owned auto only for employees running errands. If there are owned vehicles, all drivers should be licensed with acceptable MVRs. Vehicles must be maintained and records kept in a central location.
Nurse Insurance - The Bottom Line
It's important to note that OH nurses should consult with a reputable agent who specializes in providing nurse insurance Ohio coverage to ensure that they have the coverage they need to protect them against the unique risks that they face.
In order to avoid serious financial losses and the other consequences that legal actions that are taken against a nurse may cause, investing in the right type of comprehensive nursing insurance coverage is vital.
Ohio Economic Data, Regulations & Commercial Insurance Minimum Requirements
If you're an entrepreneur, you know how important it is to research the location where you plan on setting up shop. No matter how how-quality and valuable the products and/or services your business offers may be, if you're situated in an area that isn't suitable for your operation (the wrong target demographic, a poor market, etc.), you just aren't going to achieve the success that you're hoping for.
If you're considering Ohio for your headquarters or for a new branch of your business, you definitely want to take the time to research the area before you set up shop. Below, we'll take a look at the economic trends of the Buckeye State, including employment rates and key industries that are thriving in the area. We'll also highlight some of the key forms of commercial insurance business owners need to carry when operating in Ohio.
Economic Trends for Business Owners In Ohio
The Buckeye State has seen a marked increase in job growth, which is indicated by the record low unemployment rate. According to the Ohio Department of Job and Family Services, as of April, 2021, the rate of unemployment was 4.3 percent; the lowest it's been in more than 18 years. In April the previous year, the rate was 4.6 percent, a difference of .03 percent in 1 year; however, and more notably, the rate has dropped .01 percent in just one month, as it was 4.4 percent in March, 2021. July, 2001 was the last time Ohio saw such a low level of unemployment, when the rate was 4.2 percent.
In January, 2010, the rate was an astounding 11.1 percent, so it's safe to say that there has been a definite decrease in the number of jobless people in the Buckeye State, which is a strong indication of the overall economy of the state.
The greater Cincinnati area is one of the best places for businesses in Ohio, where smaller cities are seeing the largest growth. Examples include Blue Ash, Beachwood, Independence, Sharonville, and Springdale. Industries that are thriving in Ohio include:
- Advanced Energy and Environmental Technologies
- Aerospace and Aviation
- Information Technology
- Logistics and Distribution
- Oil and Gas
Business Insurance Regulations In OH
The Ohio Department of Insurance regulates insurance in Ohio. Certain policies are mandated in Ohio, meaning business owners must carry specific types of coverage. Business owners can protect themselves, the customers they serve, the vendors they work with, and their workers from various risks by investing in the right type of insurance coverage. Coverages that are required include:
Workers Compensation - Most Ohio businesses with employees are required to pay for workers comp. If your OH business has just one employee, you're probably required to carry workers' compensation insurance. In Ohio, workers' compensation insurance is provided through the state - rather than through private insurance companies.
Other forms of insurance that business owners may be required by contract or municipality. The amount of coverage business owners need to carry for each policy vary and depend on a variety of factors, including the size of the operation, the number of employees, and the nature of operations.
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.
- Ambulatory Surgical Center
- Art Therapy
- Assisted Living Facilities
- Dental Lab
- Dental Office
- Diagnostic Imaging Centers
- Healthcare Facilities
- Home Medical Equipment Dealers
- Marriage & Family Therapy
- Medical Laboratories
- Medical Marijuana Dispensary
- Medical Practice
- Medical, Surgical & Hospital Supply Store
- Mental Health Counseling
- Occupational Therapy
- Physicians Office
- Skilled Nursing Facilities
- Speech Therapy
- Substance Abuse Counseling
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 Nurse Insurance Ohio quote in Adel, Algona, Altoona, Ames, Anamosa, Ankeny, Asbury, Atlantic, Bettendorf, Akron, Alliance, Ashland, Ashtabula, Athens, Austintown, Avon, Avon Lake, Barberton, Beavercreek, Berea, Boardman, Bowling Green, Broadview Heights, Brook Park, Brunswick, Canton, Centerville city, Chillicothe, Cincinnati, Cleveland, Cleveland Heights, Columbus, Cuyahoga Falls, Dayton, Delaware, Dublin, East Cleveland, Eastlake, Elyria, Euclid, Fairborn, Fairfield, Findlay, Forest Park, Gahanna, Garfield Heights, Green, Grove City, Hamilton, Hilliard, Huber Heights, Hudson, Kent, Kettering, Lakewood, Lancaster, Lebanon, Lima, Lorain, Mansfield, Maple Heights, Marion, Marysville, Mason, Massillon, Mayfield Heights, Medina, Mentor, Miamisburg, Middletown, New Philadelphia, Newark, Niles, North Canton, North Olmsted, North Ridgeville, North Royalton, Norwood, Oregon, Oxford, Painesville, Parma, Parma Heights, Perrysburg, Pickerington, Piqua, Portsmouth, Reynoldsburg, Riverside, Rocky River, Sandusky, Shaker Heights, Sidney, Solon, South Euclid, Springboro, Springfield, Steubenville, Stow, Strongsville, Sylvania, Tallmadge, Tiffin, Toledo, Trotwood, Troy, Twinsburg, Upper Arlington, Wadsworth, Warren, Westerville, Westlake, White Oak, Whitehall, Willoughby, Wooster, Xenia, Youngstown, Zanesville and all other cities near me in OH - The Buckeye State.
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