A Guide To Purchasing Medical Malpractice Insurance
A Guide To Purchasing Medical Malpractice Insurance

A Guide To Purchasing Medical Malpractice Insurance

Nearly everyone who works in the healthcare field recognizes the need for medical malpractice insurance. In most states, medical professional liability coverage is required by law if you practice medicine. Knowing what type of coverage you need and how to get it can be difficult, particularly since there are many companies offering coverage options that can vary widely.

What kind of policy you need will depend on several variables, and the affordability of your medical malpractice insurance will also have an impact on your choices. Unlike an auto policy, malpractice policy rates aren’t determined primarily by your experience or the number of prior claims you’ve had. Among the criteria used to determine how much your premiums will cost may be your area of medical specialty, the state you live in, the county, and possibly the setting in which you practice (do you work in a hospital, office or clinic?).

You will also need to consider the need for medical malpractice insurance for your business if you are the owner or partial owner of a hospital, clinic, or other medical practice. Keep in mind that many claims are filed against the doctor or healthcare professional as well as against the business that employs them. Most hospitals do cover their staff through their own medical malpractice insurance, but there will be limits to the cap on the individual protection provided. Having your own policy will give you additional protection. Salt Lake City personal injury attorneys

The Main Types Of Medical Professional Liability Coverage

There are a few types of medical professional liability insurance for you to consider, depending on your situation and work environment. Be sure to talk to a broker to determine which type is best for you.

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