What is medical malpractice insurance?

What is medical malpractice insurance?

Medical malpractice insurance is a type of professional liability insurance that protects healthcare professionals from financial losses if they are sued for medical negligence. Medical negligence is defined as the failure of a healthcare professional to provide a standard of care that is reasonable and expected in similar circumstances.

Why is medical malpractice insurance important?

Medical malpractice insurance is important for a number of reasons. First, medical negligence lawsuits can be very expensive. The average award in a medical malpractice case is over $200,000. Second, medical malpractice lawsuits can be very damaging to a healthcare professional’s reputation. Even if a healthcare professional is ultimately found not to be negligent, the process of defending a malpractice lawsuit can be time-consuming and stressful.

What types of medical malpractice insurance are available?

There are two main types of medical malpractice insurance: claims-made and occurrence-made.

Claims-made policies cover claims that are first reported during the policy period, regardless of when the alleged negligence occurred.

Occurrence-made policies cover claims that occur during the policy period, regardless of when the claim is first reported.

How much does medical malpractice insurance cost?

The cost of medical malpractice insurance varies depending on a number of factors, including the type of policy, the specialty of the healthcare professional, and the claims history of the healthcare professional. However, the average cost of medical malpractice insurance for a physician is around $10,000 per year.

How can healthcare professionals reduce their risk of being sued for medical malpractice?

There are a number of things that healthcare professionals can do to reduce their risk of being sued for medical malpractice, including:

Providing clear and concise communication with their patients

Obtaining informed consent from their patients before performing any procedures

Documenting their patients’ medical records accurately and thoroughly

Following the standard of care for their specialty

Purchasing adequate medical malpractice insurance coverage


Medical malpractice insurance is an important investment for healthcare professionals. It can protect them from financial losses and damage to their reputation in the event of a medical malpractice lawsuit.


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