In re-reading the umbrella policy threads, I wanted to get advice on insurance coverage from other nurses (or folks who work near/around/with nurses).
My husband is a RN and works at a children's hospital in the ICU (F/T) and ER (P/T). Due to the nature of the units he works in, he's assigned some pretty medically fragile little people under 18 (usually under 12). We've been carrying an independent nursing insurance policy on him that provides about $1 million in coverage for around $90/year from one of the big national nursing organizations. We did this when he first started after we did some reading and realized that the hospital's insurance policy would likely protect their interests over his. Additionally, the nursing policy would provide some defense of his licensure in the event of lawsuit.
We've been wondering if its best to continue with the nursing policy (up for renewal in Feb) or switch to an umbrella policy instead - since it would be more general and would cover other potential issues? Our stache isn't huge yet, and we live in Texas where the homestead exemption seems to be favorable.
Should we continue with the nursing policy or switch to an umbrella policy? Or keep the nursing policy AND get an umbrella policy after our stache has grown and/or our child begins driving (~10 years from now)?
