It’s no secret that the practice of medicine is a high-risk profession. Medical malpractice lawsuits can be costly and damaging, both financially and to one’s reputation. That’s why it’s so important for doctors to have adequate malpractice insurance coverage. But what happens if you are sued after your liability insurance policy has lapsed or you’ve
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An 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 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
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