Medical & Professional Liability

There are many challenges that come with working in the medical industry. These jobs can include long hours and difficult interactions with patients and families. Furthermore, while working in medicine, employees may find themselves carrying around work-related stress even when they are not on the job.
One of the most significant risks for medical employees can stem from professional mistakes. An error in the medical field can lead not only to serious or even fatal health consequences for patients but can also result in significant lawsuits brought against individuals or even entire practices.

Insurance Associates understands that your practice and patients are top priorities. It is likewise one of our top priorities to help assess your risks and develop a medical malpractice plan that will provide protection for both professionals and your practice as a whole against potential legal claims that may stem from innocent mistakes.

What is Medical Malpractice Insurance?

Medical malpractice insurance is essentially a type of professional liability insurance or errors and omissions insurance. This coverage is specifically designed to protect against lawsuits made against medical professionals and practices by someone who suffered a problem as a result of your mistakes.

What Does Medical Malpractice Insurance Cover?

Medical malpractice insurance does not cover basic claims of bodily injury or property damage. Rather, this type of policy focuses on legal action—such as lawsuits—that allege that errors or negligence committed by a medical professional or practice resulted in the claimant suffering financial loss.
A medical malpractice policy may provide compensation for the following:

Medical damages could include medical bills that would not have been necessary if not for an alleged error. For example, if a medical professional makes a mistake during surgery that forces the patient to undergo a follow-up operation, compensation for the additional procedure may be pursued.

How Does Medical Malpractice Insurance Work?

This type of insurance policy can be purchased by both medical practices or individual professionals to protect themselves financially in the event of a medical malpractice lawsuit.

Which States Require Medical Malpractice Insurance?

In New Jersey, Rhode Island, Wisconsin, Colorado, Connecticut, Kansas and Massachusetts, doctors are legally required to carry medical malpractice insurance. Furthermore, medical professionals in other states may also be subject to coverage requirements set by the facilities that employ them. Regardless, all medical professionals should strongly consider a medical malpractice policy in order to protect themselves and their careers.

Who Needs Medical Malpractice Insurance?

All medical professionals—such as surgeons, nurses and even administrators—should consider acquiring medical malpractice coverage.

Protect Your Practice

Lawsuits stemming from alleged medical malpractice can have serious implications for individual professionals and practices. Contacting an agent is a good first step for protecting your livelihood and those who could be involved in an accident. Call Insurance Associates at 888-423-2488 or fill out an online quote form to get started.