What Is Medical Malpractice Insurance?



Posted: Friday, April 23, 2010

by Maria Palma
Freelance Writer

If a physician or medical professional has neglected their duties and causes sickness, injury, or death to a person in their care, it may be considered medical malpractice. Defending a malpractice lawsuit can cost a great deal of money, which is why it's highly recommended that medical professionals reduce their liability by purchasing medical malpractice insurance.

Medical malpractice liability insures a medical professional from loss due to a lawsuit. People working in the healthcare community who need insurance include surgeons, nurses, x-ray technicians, mid wives, etc. Anyone working in a medical profession can purchase insurance from an independent provider, a physician-owned mutual company, or through an insurance broker.

Just about every state mandates medical malpractice insurance. Insurance rates are set and approved by the state insurance commissioner in each state. A few of the factors that determine rates include the professional's medical specialty and geographic location.

In recent years medical malpractice insurance has been a main concern for many working in the medical field due to increases in premiums. There are a number of reasons why rates have risen including fewer insurance providers and less competition, lack of income from the investment of insurance providers' reserves, and an increase in the size of payouts.

About the Author:

Maria Palma is a freelance writer and internet marketer helping entrepreneurs expand their business online. If you are seeking liability coverage, you can get a free malpractice insurance quote.
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