Why medical malpractice is a must for healthcare providers
[video: an animated header displays the Insureon logo. Underneath it, a subheading displays the text: "What is medical malpractice insurance?"]
MALE VOICEOVER: Even the most experienced healthcare providers can make a mistake. From facing a lawsuit over a misdiagnosis to surgical and medication errors, medical malpractice insurance - sometimes called medical professional liability - insures healthcare professionals, therapists, counselors, and medical facilities against claims of medical negligence.
[video: an illustrated header displays the text: "Malpractice protects against medical negligence, including:"]
[video: Under above header, three bullet points display the text: "Failure to provide quality care"; "A patient's lost wages or healthcare costs"; "Causing pain, suffering, or mental anguish"]
Types of claims covered by medial malpractice insurance include medical errors, like an incorrect dosage of medicine; medical oversights, such as accidentally misreading a patient's medical history; and accusations of negligence, including surgical errors and poor follow-up care.
[video: an illustrated header displays the text: "Medical malpractice insurance covers:"]
[video: Under above header, four bullet points display the text: "Medical errors"; "Medical oversights"; "Accusations of negligence"; "Healthcare providers missing appointments"]
While not required in every state for every profession, if you provide health-related professional services, maintaining malpractice coverage can reduce your financial risk. Doctors and nurses are often serving on the frontline of healthcare and must make critical decisions, which can leave them open to lawsuits. Similarly, physical therapists and acupuncturists often have a high level of interpersonal contact with a patient, which could lead to accusations of malpractice.
The cost of malpractice coverage will likely vary from professional to professional, based on several factors.
[video: an illustrated header displays the text: "Cost is based on:"]
[video: Under above header, four bullet points display the text: "Your state of operation"; "Policy limits and deductible"; "Your liability claims history"; "Any malpractice lawsuits you've faced"]
Get free malpractice insurance quotes with Insureon today.
[video: an illustrated white header displays the text: "Insureon is your #1 agency for small business insurance"]
Click the link to get started.
[video: an animated header displays the Insureon logo]
While malpractice coverage isn’t always required, this policy should be a key part of any healthcare professional’s risk management plan.
Even the most experienced healthcare providers can make a mistake or be sued due to medical negligence, such as a misdiagnosis, surgical or medication error, or missed appointments.
Depending on where you operate, medical malpractice may be required by state law. In addition, medical facilities or client contracts may mandate coverage in order to sign a contract with them.
Learn more about medical malpractice insurance.
Get insurance for your business with Insureon
Complete Insureon’s easy online application today to compare small business insurance quotes from leading insurance companies. For medical malpractice policies, you can consult with our dedicated insurance agent via email at [email protected] or phone at 312-854-2919.
Once you find the right policy for your small business, you can begin coverage in less than 24 hours.
