Medical liability insurance, also known as medical malpractice insurance, is a type of insurance that is purchased to protect physicians or healthcare institutions from liability (financial risks) of practicing medicine. Insurance is a complex subject and understanding the vocabulary, structure, and claim process of medical liability insurance can be highly complicated. However, having professional liability
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Why Do I Need Malpractice Insurance Coverage?
Did you know that approximately 19,000 medical malpractice cases occur in the U.S. every year? Regardless of how professionally you conduct your healthcare practice, it is still susceptible to false – or, in some cases, legitimate – patient claims, which is why having medical malpractice insurance is a necessity. Let’s talk about why it is
READ MOREHow a Lack of Malpractice Insurance Endangers Both Doctors and Patients
Medical malpractice insurance isn’t just a nice thing for a doctor to have – it’s absolutely vital for both doctors and patients. Medical liability insurance protects both the doctor and patient in the unlikely event of an accident leading to a patient’s injury during or due to medical treatment. A lack of this coverage can
READ MOREReasons to Have Malpractice Insurance
If it weren’t a requirement in order to have hospital privileges, would you still carry medical malpractice insurance? After all, there is no federal law requiring a physician or surgeon to have liability insurance, although some states do require it by law. The truth is that most healthcare professionals have this important coverage whether it
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