malpractice insurance for resident physicians

Resident physicians, embarking on their career journey after graduating from medical school, can find themselves in a complex, high-pressure environment. Here, malpractice insurance is not just a formality but a critical safety net. This insurance is tailored to cover both observation and practical aspects of their training, offering protection in a field where even minor errors can have significant consequences.

Resident physicians require malpractice insurance

Get a Free Quote Now

The fastest way to find out how much medical malpractice insurance for resident physicians costs, is to enter your details in the form, for a quick quote. All you need are your contact details and NPI number.

Westwood Insurance Brokers  are experienced in sourcing medical malpractice insurance for resident physicians. We work with a number of different carriers to ensure you have the best possible insurance coverage available.

 

Quick Quote – Malpractice Insurance for Resident Physicians

the risk of malpractice lawsuits

While the risks of resident physicians being sued for malpractice are relatively low, it is still a risk they face.While the likelihood of residents facing medical liability lawsuits is relatively low, it’s not negligible. A recent study reveals that from a total of 3,191 medical malpractice claims, 471 involved residents. This underscores the importance of malpractice insurance as a protective measure. The study highlighted that lower number of events involving residents might be attributed to the careful supervision and graduated responsibility given to residents during their training.

common areas of liability

Residents often face challenges in procedural aspects of care, such as surgery, where complications like lacerations or infections can occur. Inadequate supervision and technical performance under high-stress situations are common contributing factors to these incidents. Understanding these risks highlights the importance of comprehensive insurance coverage, which provides a safety net in these scenarios.

Malpractice insurance for resident physicians is essential throughout their medical training, offering peace of mind and protection in a field where the margin for error is slim. It supports the invaluable learning process, allowing residents to focus on honing their skills and knowledge in the demanding world of healthcare.

other types of insurance we can help you with

Business Owners Policy 9BOP) for physicians in Florida

Business Owners Policy

A comprehensive insurance package designed for physicians with small to medium-sized businesses, providing a blend of liability protection and property insurance.

A florida physician checks medical records, protected by cyber security insurance

Cyber Liability Insurance

Covers you against financial losses associated with data breaches, cyber attacks, and other incidents. Insurers will usually help  fix vulnerabilities as part of this policy.

Commercial Auto Insurance

This is relevant for physicians who use a vehicle for your practice-related tasks. This insurance covers you against auto accidents, theft, and other vehicle-related incidents.

Why medical professionals love to work with us

“Westwood Insurance Group, with Dale and Liz are a pleasure to work with in helping solve for my insured’s insurance needs. Very responsive and eager to help! They are competent and trusted!”

“I have worked with Michael and the team for the past two years and found them to be ethical, competent, attentive and to deeply value their relationships with both agents and underwriters. It is always a pleasure to deal with them”

“Laura has been a great contact for us over at the Westwood Insurance Group. She is extremely communicative and responsive. Their quick turnaround on last minute items is appreciated as well.”

Contact Michael Richards now

Michael and the team at Westwood Insurance Group specialize in sourcing the best insurance for medical professionals and facilities at competitive prices.

You can call him on the number below or fill out the form and he will get your message directly:

Michael Richards

insurance for hospitals

Hospital Insurance typically covers all or part of the potential liability for hospital services. It includes medical malpractice, accidents involving hospital employees and equipment, care during surgery or any other invasive treatment, after-hours care arrangements by staff who need help with their children and more.

insurance for long term care facilities

Long term care facilities must protect themselves against potential liability arising from incidents within their facility. Westwood can help you negotiate a package tailored to your long term care facility client.

traditional insurance products

Westwood have fostered exceptional relationships with underwriters and we go to great lengths to keep abreast of their latest products, changes in requirements and restrictions, including having weekly calls with the carriers, which you can see here, by joining our insurance insider group.

    Insurance products at Westwood Insurance Group

    You can find more information on the Insurance Products main page.

    If you have any questions on the different policies, check out our Insurance FAQ’s

    alternative structures

    Westwood President, Michael Richards has extensive experience in setting up alternative structures for larger clients. Here are some examples:

     

    If you think your client could be large and stable enough to benefit from starting or participating in a captive or has a special need for another alternative structure, contact Michael Richards now by phone: 855 351 7487.