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Malpractice Insurance


Malpractice Insurance Information


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What is malpractice insurance?

Malpractice insurance, also known as professional liability insurance, covers doctors, nurses, surgeons, dentists and other medical professionals in the event of a malpractice lawsuit. Malpractice is a medical error that has resulted in an adverse outcome, such as injury or death. In a malpractice lawsuit, the error must be proven to have been caused by negligence or a departure from the standard of care. Malpractice insurance compensates legal fees, regardless of fault, and any damages awarded.

With liability lawsuits on the rise in recent years, medical professionals remain at risk. A lawsuit can mean financial ruin both professionally and personally, including the loss of homes, cars and careers. Malpractice insurance protects your practice and can offset the risk and cost of these events.

What types of malpractice insurance are available?

There are two types of malpractice insurance. While they offer coverage for the same risks, the difference is how and when that coverage takes effect.

  • Occurrence: Covers claims that occur while your policy is active. A claim can be reported at any time, even after the policy’s cancellation. Coverage is available with the terms and conditions in effect at the time of the claimed incident.
  • Claims-made: Covers claims that both occur and are reported on or after the retroactive date (the first day claims-made coverage begins) and before the policy is cancelled.

Healthcare professionals are all too aware that a single mistake or oversight in their treatment could lead to injury, illness, or even death of a patient. And in today's litigious environment, it doesn't take much for a person to turn to lawsuits to resolve an issue. For these reasons, any healthcare professional who desires to safeguard their business from financial devastation should consider the benefits of Malpractice coverage.

You may have decades of experience in your field and have never been sued, but whenever you work with treating patients, there's always risk that they could decide to sue your business. Most of the time, these cases are not a reflection of your services so much as they are a way for your patient to air grievances of conditions outside of their control.

If someone files a lawsuit against your business alleging that your advice or treatment directly contributed to their financial loss or bodily injury, your Malpractice Insurance will cover the costs of defending your practice in court. A patient could sue if they feel your practice failed to provide promised services, exhibited negligence while performing services, or made mistakes and oversights while the patient was in your care.

Because court costs can quickly exceed hundreds of thousands of dollars in a malpractice suit, many healthcare professionals consider Malpractice Insurance a necessary measure in their overall risk management plan. When this policy is in place, you have the peace of mind that the legal costs associated with defending your business, including attorney's fees, docket costs, and any settlements or judgments you're found to be liable for will be covered.


Even if your practice is ultimately not responsible for the allegations brought against it, your insurance will still cover the costs associated with defending the claim. Depending on your policy, you may also receive compensation for the revenue lost while you were defending your practice in court.

Get started today

If you need malpractice insurance, we will evaluate your establishment or practice to determine its unique insurance needs and find you the policy with the necessary coverage. Call us if you have questions or want to get started. We are happy to help you get the protection you need.


Do you know there is more you can do to protect your business? Read about Business Insurance here.