malpractice insurance


Also found in: Dictionary, Thesaurus, Legal, Financial, Encyclopedia.

malpractice insurance

A generic term for an insurance policy purchased by health professionals to cover the costs of paying for legal fees and damages that a court of law might award a plaintiff alleging that the covered party committed one or more negligent acts that resulted in some form of tangible (compensable) harm.
References in periodicals archive ?
Malpractice insurance premiums are rising at an alarming rate, and soon no one will be safe from the effects of the malpractice crisis in terms of higher costs of care, fewer physicians, less safety, more disease, and more deaths.
The certain availability and stabilized cost of malpractice insurance would make Oregon an attractive state for health care practitioners - which would, in turn, increase the availability of care.
Regardless of the fate of Farmers, medical malpractice insurance premiums continue to irk doctors.
We believed the money to implement the quality control system (including seminars, in-house training, quality control materials and the consulting and peer reviews), funds we might have paid for malpractice insurance premiums, had been well spent.
MedMal Direct Insurance Company (MedMal Direct) is an insurance company that provides medical malpractice insurance directly to physicians, enabling physician practices to realize significant savings on one of their largest expenses - medical professional liability insurance premiums.
Nexus Insurance Services currently helps their clients pay less for medical malpractice insurance by keeping up with the latest in the industry.
Doctors, insurers and many observers blame soaring malpractice damages awards for contributing to the state's malpractice insurance crisis that forced hundreds of doctors to leave the state and others to abandon "risky" procedures and hospitals to curtail services, according to the Pennsylvania Medical Society.
Surgeons at four West Virginia hospitals have been on strike since New Year's Day, in protest of malpractice insurance costs.
Medical malpractice insurance rates have kept pace with the ominous trend, forcing more and more physicians to retire early rather than continue coping with metastasizing annual premiums.
As long as Florida physicians can cover a malpractice claim of $250,000, they can practice without medical malpractice insurance, due to a state law that allows them to do so through a bond, line of credit, or escrow account.
That year, he exercised an option under his lawyer's professional liability insurance policy to purchase nonpracticing malpractice insurance coverage to cover him for an indefinite period after retirement against "acts, errors or omissions" committed before retirement.
The good news for design professionals is that, as of now, most malpractice insurance policies cover claims of negligence relating to Y2K issues.