Tips for purchasing medical professional liability insurance
You've invested a great deal of time and effort in your profession. Medical professional liability insurance is a vital component of protecting your career and your reputation. Choosing the company and the coverage that are right for you deserves careful consideration and a thorough understanding of your needs and options.
WHAT IS MEDICAL PROFESSIONAL LIABILITY INSURANCE? WHY DO I NEED IT?
Sometimes adverse outcomes happen despite your best efforts, and a lawsuit can be a devastating experience. Medical professional liability insurance protects you and your assets in the event of a claim or suit.
Medical professional liability insurance is designed to cover you for professional services you render or, in some cases, fail to render. You'll want to make sure that the company and the coverage you choose will fit your needs and provide you with the best possible protection. Your insurance policy should clearly define what professional services it covers.
TYPES OF LIABILITY COVERAGE
There are two types of liability coverage:
- Direct liability, which covers you for the services you personally provide.
- Vicarious liability, which covers people for whom you may be legally liable if you are providing supervision and direction (e.g., employees, students, volunteers).
Depending on your particular exposure, you may need additional coverage, including but not limited to general liability for premises or damage to property of others, employer liability, or Coverys Protection Plus, which includes cyber/regulatory liability coverage.
about purchasing medical professional liability insurance.