Physician Assistant Malpractice Insurance: Why Do You Need It?
As a physician assistant, you perform a similar job to the physician – noting medical histories, performing physical examinations, performing tests, and analyzing test results.
And while the day-to-day is no doubt stressful, without physician assistant malpractice insurance, you could jeopardize your entire career. And you don’t want that!
But how is this possible? Well, this blog post will explain everything you need to know, answering your questions, and discussing more on physician assistant malpractice insurance.
Who is physician assistant malpractice insurance for?
We’re about to state the obvious here: physician assistant malpractice insurance is for assistants only. There is separate insurance for physicians and other healthcare professionals, all of which are slightly different and provide coverage tailored to their specific roles.
Malpractice insurance for physician assistants provides coverage for the most common causes, such as risk management, license defense, HIPPA defense, first aid reimbursement, and more.
Related: Medical Malpractice: Myths and Realities.
What does it cover?
Professional Plans provides the following coverage for physician assistants, helping you find peace of mind so you can do what you do best: caring for your patients:
- Coverage options up to $2million
- Full Consent to Settler Claims
- Legal fees paid in addition to Liability Limits
- HIPPA Defense
- License Defense
- General Liability Available
- Portable coverage- take your policy with you if you change jobs
- Wage Loss and Expense
- First Aid Reimbursement
- Medical Payments
- Sexual Misconduct Expense
- Risk Management Services
While your employer may have insurance in place already, chances are, there are a few limitations within the contract or policy.
But what does this mean for you?
Well, if you are faced with a lawsuit, then you’ll likely be paying out of pocket for some of the claim, even if you win the case.
So, it’s essential to provide your own financial protection, too, allowing you to focus on your job without the added stressors of lawsuits, expensive fees, and other obstacles, should they come your way.
Do physician assistants need malpractice insurance?
As a physician assistant, you’re likely entitled to some sort of malpractice (and general) insurance coverage from your employer.
But the extent of the coverage is more than likely limited, not providing full coverage should you need it.
So, we’d recommend investing in malpractice insurance to protect you, your financials, and your job – ensuring you get to show up every day to do your best work with as little stress as possible.
How much does it cost?
The cost of malpractice insurance is determined by numerous factors, including your role, responsibilities, state, and most notably, whether you’ve previously fought a malpractice case in court.
With that being said, you can expect to pay anywhere from a few hundred dollars per month to a couple of thousand. The best way to get an accurate quote is to ask for one from your insurance provider, such as the team at Professional Insurance Plans.
Request a free quote today
If you’re in need of physician assistant malpractice insurance, or you’d like to find out more about our policies, then get in touch today – we’d love to hear from you.
You can also check out our dedicated physician insurance page for more info.
Frequently asked questions
We know the topic of insurance can be tricky, complicated, and not the easiest thing to discuss. So, we’ve put together a short FAQ below to answer your most common questions:
How is malpractice identified?
The injured party must clearly show how the doctor or physician acted in a negligent manner. In some cases, this is easier than in others. But typically, malpractice cases are long-drawn, resulting in expensive court and legal fees.
How often do physician assistants get sued?
While we don’t have the exact numbers, physician assistants get sued far too often, but not as much as doctors and physicians. With that being said, it doesn’t hurt to have the right insurance policy in place, just in case.
Does my employer not cover my insurance?
Your employer likely provides limited malpractice or general insurance coverage. However, this is usually limited to certain coverage, meaning if something is to happen, you could be paying out of pocket.
We’d recommend investing in your own malpractice insurance for physician assistants to prevent any nasty surprises.