Did you know that most American doctors face at least one medical malpractice lawsuit in their career? Malpractice insurance can protect you from these lawsuits. Malpractice insurance is a type of insurance you purchase to protect your practice or staff from liability for practicing medicine. Medical malpractice insurance is vital and in the best of
READ MOREBlog
Why You Should Buy Medical Liability Insurance for Your Family Medicine Practice
The decision to buy medical liability insurance for your family medical practice is important, and the type of insurance, the insurance provider, and the level of coverage are all key. Also called “malpractice insurance,” this coverage is designed to help protect your career and your practice in the event that a patient files a lawsuit
READ MOREAn Introduction To Medical Liability Insurance
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
READ MOREWhy 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
READ MOREWhat Does Medical Liability Insurance Cover?
Understanding medical liability insurance isn’t as complicated as people may think. There are unique aspects of the policies that make them different from other types of insurance policies, but that doesn’t mean they are more complex. There are really only two types of medical liability insurance policies: Occurrence and Claims Made. There is only one
READ MORE9 Tips for Finding Affordable Medical Malpractice Insurance
As a dedicated, caring, and busy healthcare professional, the last thing you need is a medical malpractice lawsuit. Not only can it be emotionally and financially distressing, but it can put your entire practice in jeopardy. That’s why medical malpractice insurance is vital – to protect healthcare practitioners against litigation. Whether it is purchased as
READ MOREHow to Save Money on Medical Malpractice Insurance: Three Tips
“Beware of little expenses. A small leak will sink a great ship.” Wise words from the man that also said, “A penny saved is a penny earned,” Benjamin Franklin. The problem for medical practices today is that it seems there are no “little expenses.” All businesses are faced with large expenses that continue to grow,
READ MOREAllied Healthcare Providers: Should You Get an Occurrence or Claims Made Policy?
Medical Malpractice Insurance policies can be confusing, and most allied healthcare providers are unsure whether to get an Occurrence or a Claims Made policy. The answer to this question really depends on your employer, your employment status, and your future career plans. First, a definition of each type of policy may be helpful: Claims-made Coverage
READ MORE
