An Introduction to Malpractice Insurance

As its name suggests, malpractice insurance is purchased to protect doctors, nurses, hospitals, clinics and other medical facilities from malpractice lawsuits. Physician malpractice insurance is important to have because it protects you against patients who may try to sue, even over an incident that may not be the fault of the doctor. Such a lawsuit can be expensive and ruin a doctor's reputation. There are professional companies that specialize in providing medical malpractice insurance. They are different than traditional personal insurance companies and have the credentials and knowledge necessary for providing doctor malpractice insurance.

One thing that a malpractice insurance medical company is prepared to do, if you've chosen the right one, is defend against malpractice claims. Some of these claims may or may not be valid. The purpose of the insurance is to help cover legal costs and other costs associated with the claim. Malpractice insurance medical providers have the specialized training that it takes to work with physicians and hospitals. If you are a new doctor then malpractice liability insurance is a must have, and there are some companies where you can obtain it without going into bankruptcy.

Malpractice Insurance

While the cost of doctors malpractice insurance may have risen over time, it is still worth paying for. Just make sure you and/or your organization have chosen the right company, and the right types of coverage. This can be achieved with comparison shopping and speaking with multiple insurers before making a decision. After so many years of education and training, you don't want your medical career to go down the drain because of a malpractice suit. Litigation by patients is more common than you might think, especially if a patient believes they will benefit financially.

Malpractice insurance is something you must have if you are practicing as a doctor or running a hospital because the cost of the insurance can be far less than the cost of a big lawsuit. It is unfortunate but a fact that not all lawsuits are valid, but end up costing the doctor or hospital lots of money regardless. You can buy medical malpractice liability insurance and other types of physician insurance through a variety of professional medical insurance companies. Before you open for business, make sure you buy malpractice insurance for not only your best interests but those of the patients you are helping.

 

Malpractice Insurance News:


THE MIDDLE CLASS GUY: WE KNOW THE FUTURE
There is nothing about building and financing more medical schools, nothing about building more hospitals, forget about caps on malpractice claims, nothing to control the costs of malpractice insurance, nothing to regulate and hold .....

Mitt Romney: Obama Health Care Plan NOT Like Massachusetts Plan
INSURANCE COMPANIES RIP-OFF DOCTORS ON MALPRACTICE INSURANCE. Make them unable to do this, tort reform SOLVED. Notice the words that come up all the time? INSURANCE COMPANIES RIP-OFF AMERICANS. Reply Favorite Flag as abusive Posted .....

Sen. Dick Durbin on medical malpractice reform at White House ...
medical malpractice insurance, medical liability insurance, professional liability insurance...

ThePopTort: The Cushy Life of the Medical Malpractice Insurance ...
If you're following the health insurance debate - especially medical malpractice issues - this post's for you! When Illinois lawmakers passed their clearly unconstitutional “cap” on compensation for medical malpractice victims a few .....

A new study shows that physicians are working few hours per week ...
Physicians are working less per week. There are many causes including the cost of professional medical liability insurance...

Professional Liability/Malpractice Insurance - JEMS Connect - EMS ...
I thought I had seen this subject posted before but my searched yielded no results.I am looking for your thoughts about having your own professional liability or malpractice insurance. I spoke to my insurance broker on the phone today .....

Pennsylvania, Rendell, HighMark/Independent Blue Cross, and PA ABC ...
Additionally, PA ABC will also reinstate the State subsidy for malpractice insurance which the Governor had withdrawn previously, in the attempt to gain support for PA ABC. Malpractice would only be reinstated, however, .....

Is 'Tort Reform' really all the GOP has? I haven't seen anything ...
Americans for Insurance Reform, a project of Center for Justice & Democracy, has released a new study called True Risk: Medical Liability, Malpractice Insurance and Health Care. It is co-written by actuary Robert Hunter, .....

Suing DAN! practitioners for malpractice: It's about time ...
I have elected not to carry medical malpractice insurance, however, I agree to satisfy any adverse judgements up to the minimum amounts pursuant to s. 458.320(5)(g) 1 or 459.0085(5)(g)1, F. S. I understand that I must either post notice .....

Issues in Health Care: Malpractice Reform - Home - Pre-Med Hell
The high cost of medical malpractice, along with the high probability of a doctor being faced with a medical malpractice case, most licensing agencies, hospitals, and clinics require that physicians obtain “malpractice insurance”, .....

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