Medical malpractice insurance is a form of insurance specifically designed for those who work in the healthcare industry. Medical professionals who do not already have this type of insurance should understand what it covers before contacting a doctors malpractice insurance company to obtain a policy.
Claims of Medical Negligence
The main purpose of malpractice insurance is to protect medical professionals from claims of negligence. For example, if a doctor believed that a patient was suffering from a certain illness and prescribed them a medication that caused them severe harm, the patient may desire to hold their attending physician legally responsible for the mistake.
When this occurs, medical malpractice insurance covers the cost of legal fees, expert witness fees, the cost of a settlement if a patient wins the lawsuit, and other expenses. This ensures that medical professionals are not held financially liable for errors that threaten their medical license and practice.
What Isn’t Covered
Before contacting a doctors malpractice insurance company, medical professionals should also understand that there are certain things that medical malpractice insurance does not cover. Typically, these policies exclude cases where illegal conduct and sexual misconduct are an issue. Additionally, these policies do not cover cases where medical records were altered or items were misrepresented on an insurance application. Medical professionals should further discuss what is and isn’t covered under their malpractice policy with their insurance provider.