malpractice insurance


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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 ?
MIA is an independent P&C broker, specialising in providing medical malpractice insurance products to individual physicians, service groups and clinics across the country.
PriMed Consulting has been providing physicians in New York and New Jersey with medical malpractice insurance for more than 18 years.
To know more about the system of doctor malpractice insurance services and agencies, visit the website.
It is both unfair and illogical to require MMIP to bear the financial burden associated with providing a second layer of excess malpractice insurance to such health care providers where industry practice does not make such insurance available.
Thus, for the most part, CPA firms are not legally required to purchase malpractice insurance.
Practicing without nursing malpractice insurance can be as risky as driving without auto insurance.
He went on to note that, regardless of your business model, one surefire way to lose money on medical malpractice insurance is to not report claims promptly.
Costs of malpractice insurance are rising because insurers are facing increased losses, both from investments and from litigation.
Schulte and Pulmonary were each covered by medical malpractice insurance policies issued by Mutual Assurance, Inc.
To whatever degree malpractice insurance costs can be reduced, the savings can be used to expand health care services.
Professional Liability, or E&O, is similar to malpractice insurance, protecting professionals from liability when an action--or failure to take action--results in injury or financial damage to a client.
Physicians put the cost of malpractice insurance and malpractice suits at the top of their concerns about health care and medicine in the United States--above health care costs and insurance companies.