What are the Advantages of Malpractice Insurance For Doctors?
At any given moment doctors can be sued for malpractice, which is why medical malpractice insurance plays such a vital role in their work. Because doctors and physicians work in a field where the consequences can mean life or death, it’s clear that insurance for doctors has many advantages.
Medical Malpractice Insurance Pays for Damages and Legal Costs
For example, a patient decides to sue you for malpractice, so a claim is filed for several hundred thousand dollars. You go to court and the patient wins the case. If you have malpractice insurance coverage, the insurance company would take care of paying out the judgment (depending on your limits of liability) and legal costs.
Personal Assets Protection
Without physician malpractice insurance, you put your career at a huge risk and leave your personal assets exposed if a malpractice lawsuit was brought against you. Even if you work at a hospital or clinic and your employer has coverage for all employees, sometimes this coverage may not be enough. This is where having a separate policy may be beneficial if a patient decides to sue you personally.
Let Us Help You
It’s stressful enough having to deal with a malpractice lawsuit; the emotional and financial burden can be even more distressing. The premiums are a small price to pay for peace of mind. At Nexus Insurance Services we have relationships with numerous insurance providers, so let us help you find the best policy at a rate that you can afford.
Contact us now to request a free no-obligation physician malpractice insurance quote.