Medical Malpractice InsuranceFor medical professionals
What is Medical Malpractice Insurance?
Medical malpractice insurance is another name for professional liability insurance. It is also sometimes known as medical liability insurance, or errors & omissions insurance though you’ll find it referred to as professional liability insurance on our website as it is usually part of the professional liability coverage our insurance carriers provide for medical professionals.
What does medical malpractice cover?
Medical malpractice covers medical professionals against claims of death or injury occurring as a result of medical negligence, errors or ommissions that have been made in the course of their work. The insurance policy covers damages awards to the plaintiff as well as their legal costs in the event they are successful in their claim.
Our medical malpractice coverage gives you superior claims handling, effective risk management resources, by “A” rated carriers, with a history of financial strength.
- A selection of “A” rated carriers
- Access to a single-source solution covering a spectrum of liability risks.
- Traditional approaches, including first-dollar coverage, deductible options, and excess & surplus lines coverage
- Alternative risk programs, including a turnkey captive solution, complex risk valuation solutions, and loss portfolio transfers.
- Risk financing programs for potential rewards, including retrospective rating programs
- Risk Purchasing Group programs available.
- Timely risk reduction strategies for emerging trends like telemedicine.
- Fair treatment in the ever-changing healthcare environment.
eMedical malpractice insurance is essential for Every medical professional to protect them in today’s climate of uncertainty.
Who needs medical malpractice insurance?
All medical professionals should be protected with medical malpractice insurance. The potential for lawsuits and unusually high damages awards is much higher in medicine than other areas.
Primarily, professionals practicing general medicine like physicians and physicians assistants. Executives such as medical directors must be covered as their decisions can impact on more people than a single physician.
Other medical specialists such as phlebotomists, respiratory therapists, surgical technicians, optometrists, pharmacists, and imaging technicians must have medical malpractice insurance in some form, to protect them from litigation.
Professionals working in other fields, such as mental health, including psychologists, psychotherapists and mental health technicians must also have medical malpractice coverage, as should those professionals who work in the field of alternative medicine, including massage therapists.
Does medical malpractice insurance pay all costs?
While medical malpractice insurance pays for the claimant’s medical expenses and attorney fees, along with damages awards, it does not cover your legal expenses defending the claim. To help clients overcome what can amount to serious charges, Westwood put together a Legal Defense Insurance package, incorporating medical malpractice (general liability) with legal defense and a third-party administrator to administer claims against you.
At the moment, this is only offered for Skilled Nursing and Assisted Living Facilities in Florida, but the program may be expanded in the future, depending on the availability of suitable carriers.
How can I get medical malpractice insurance?
Click the contact button below to contact Westwood and we’ll pass your information to one of our agents in your area. Medical malpractice is incorporated into professional liability policies, so you won’t find many mentions of it on our website.
We look forward to working with you.