Malpractice insurance is a type of liability insurance for healthcare professionals. The word “malpractice”, translates to: improper, negligent or illegal behaviour. This could be something as simple as providing inaccurate advice to a patient, or a case more serious involving physical or mental harm.

Malpractice liability insurance covers the healthcare professional or provider against a patient who files a malpractice case against them. This claim may state the healthcare provider to have harmed the patient as a result of negligence or intentional harm while a patient is in their care.

Malpractice insurance also covers the unfortunate death of a patient and is, therefore, needed in some healthcare settings.

So, whether you’re a physio, dentist, neurosurgeon, or radiologist, malpractice insurance is essential, however, not compulsory in all states. Before you go ahead and brush it under the rug, let us first tell you a statistic.

Is malpractice liability insurance essential?

Malpractice liability insurance is not required in most states in the United States. However, purchasing malpractice insurance provides cover in the case of an accident, protecting you financially.

Current studies show that medical negligence is the third leading cause of death in the United States. No healthcare professional should have to deal with this, but this is the harsh reality. This is especially true with statistics like these on the rise.

Malpractice insurance covers legal costs, medical damages, and other punitive damages as a result of malpractice or a claim against malpractice.

Remember: while something may have been an accident or result of miscommunication, these things do occasionally happen. So, it’s worth preparing for, just in case.

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