Medical Malpractice Insurance

Medical malpractice insurance is professional liability coverage for physicians, surgeons, nurses, and other medical professionals. The policy offers protection in the event they are charged with causing injury to or the death of a patient through an error or omission, negligence, or failure to provide an accepted standard of practice established by the medical community.

Policy protects when things go wrong

Whether they’re injecting Botox in Bal Harbour or doing a hip replacement in Hialeah, when medical professionals provide services that result in the patient’s injury or wrongful death, a robust medical malpractice policy could be the only thing standing between them and financial ruin. In the event you are sued for medical malpractice, the policy pays for court fees, defense costs, and any resulting damages or settlements up to the coverage limits you select. Because the cost of defense can substantially eat away at the amount of your coverage (thus reducing the amount left available to cover damages), you can have your policy written to pay defense costs outside of the policy’s liability limits.

Premiums figure prominently in cost of doing business

Due to the growing frequency and size of claims and a decline in the number of insurers offering coverage, costs for medical malpractice insurance began to climb sharply in the early 2000s but have slowed down in recent years. While coverage remains one of the biggest expenditures for medical professionals, the protection it provides is unquestionable. And although Florida places a cap on medical malpractice awards, the damage to one’s finances, confidence, and reputation may be impossible to quantify.

Medical malpractice insurance is a subject that requires expertise and years of experience to address responsibly, sensitively, and fairly. Your professional advisor at iSure Insurance Brokers is your resident expert who can provide a wealth of information and recommendations on which to base a comprehensive insurance program that ensures your health and wellbeing.