Toll Free | Local
Manage Your Policy
☰ ˟
Logo
Toll Free 800-724-2627 | Local 585-473-8000
Manage Your Policy
  • Main Menu
  • Coverage
    • Alarm & Security
    • Automobile
    • Aviation
    • Business
    • Craft Brewery
    • Cyber & Security Breech
    • Dental Malpractice
    • Directors & Officers Liability
    • Employment Practices Liability
    • General Liability
    • Homeowners
    • Loss Control
    • Medical Malpractice
    • Microbrewery
    • Professional Liability
    • Regulatory Compliance
    • Safety & Loss Control
    • Solar & Renewable Energy
    • Sports, Recreation & Entertainment
    • Workers Compensation
  • Get A Quote
    • Alarm & Security
    • Automobile
    • Aviation
    • Business
    • Craft Brewery
    • Homeowners
    • Loss Control
    • Medical Malpractice
    • Renters
    • Solar & Renewable Energy
    • Sports, Recreation & Entertainment
    • Umbrella
  • Payment/Claims
  • Resources
    • Refer a Friend
    • Important Links
    • Insurance Glossary
  • Blog
  • About Us
    • About Us
    • Manage Your Policy / CSR24
    • Our Locations
    • Employee Directory
    • Testimonials
    • Privacy Policy
    • Video Library
  • Contact
    • Contact Us
    • Join Our Newsletter
Business
Automobile
Homeowners
Medical Malpractice
Aviation
Alarm & Security
Home > Blog > The Importance Of Medical Malpractice Insurance
FRIDAY, JANUARY 29, 2021

The Importance Of Medical Malpractice Insurance

a stethoscope on top of a clipboard beside an overturned bottle of pills

As a physician, nothing is more important to you than your reputation and the quality of your services. You have also studied, trained and practiced for years to make sure you are providing the safest, most efficient and least stressful care to each and every patient.

Still, regardless of how hard you try, you cannot eliminate the risk that a mistake might be made, and that you might do more harm than good. At this time, a patient who sustained harm on your watch could even sue you as a result. However, if you have medical malpractice insurance, you will be able to address this problem in ways that satisfy a dissatisfied patient and still protect your reputation.

Here’s why this coverage is so critical to your ability to practice.

1. You Are Likely Required To Have Coverage

Malpractice insurance is required of nearly every licensed physician in the United States. In order to maintain your privileges, you will usually have to obtain this coverage and file it with the appropriate medical board in your state. Sometimes, hospitals and other practices offer basic malpractice insurance as a foundational coverage. Often, however, it is required (and definitely a good idea) for the individual practitioner to carry their own coverage.

2. Coverage Is Critical For Patient Security

Every physician strives to provide the highest level of care to their patients. However, at times mistakes might be made that exacerbate a patient’s current condition, cause them to face new health challenges, or even lead to their death. Of course, these mistakes might be unintentional, but the harm that they cause the patient will be very real. As a result, malpractice insurance will ensure that the physician doesn’t suffer undue financial ramifications simply because they must compensate a patient for the losses that they have caused them.

3. Malpractice Insurance Makes You A Responsive Practitioner

By having malpractice insurance, you essentially provide the evidence that patients and your local medical board will need to know that you are a trustworthy physician. Those who do not have coverage generally will face penalties, an inability to practice medicine legally and an inability to be fully responsible to clients in need. Furthermore, it will establish the fact that you care about your patients and will strive to assist them in ways that recognize any harm they might have suffered.

All in all, with the help of your malpractice insurance, you will create a more stable reputation for yourself.

For More Information

Skip Pleninger
President
Medical Insurance Division
Paris-Kirwan Associates, Inc.
skipp@paris-kirwan.com
Direct 585-461-6427
800# 800-724-2627

Get A Quote

Posted 11:15 AM

Tags: medical malpractice, medical malpractice insurance
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2023
  • 2022
  • 2021
  • 2020

  • insurance(20)
  • home insurance(7)
  • cyber insurance(7)
  • cyber security(5)
  • auto insurance(5)
  • cyberattacks(4)
  • business(3)
  • homeowners insurance(3)
  • business insurance(3)
  • safety(3)
  • aviation insurance(3)
  • renters insurance(3)
  • renewable energy(2)
  • solar equipment(2)
  • malpractice insurance(2)
  • automobile(2)
  • solar insurance(2)
  • renting(2)
  • commercial insurance(2)
  • medical malpractice insurance(2)
  • renewal energy equipment(2)
  • crime(2)
  • medical malpractice(2)
  • solar contractors(2)
  • myths(2)
  • landlord(2)
  • fire(2)
  • auto(2)
  • liability(2)
  • risk management(2)
  • insurance myths(2)
  • professional liability insurance(2)
  • identity theft(2)
  • regulatory compliance(2)
  • renters(2)
  • solar panels(2)
  • on campus(1)
  • commercial auto insurance(1)
  • nfip(1)
  • fire prevention week(1)
  • renter(1)
  • economic(1)
  • e&o(1)
  • condo(1)
  • broad(1)
  • motorcycle(1)
  • vaccination mandate(1)
  • solar farm(1)
  • ransomware(1)
  • covid-19(1)

View Mobile Version

Resources

  • Quotes
  • Payment/Claims
  • About Us
  • Refer A Friend
  • Blog

Get Our App

Apple Apps Google Apps

Contact Us

255 East Avenue Suite 300
Rochester, NY 14604

Toll Free 800-724-2627 | Local 585-473-8000
© Copyright 2021. All rights reserved. | Powered by Insurance Website Builder