Medical negligence happens when there is negligence on the part of the doctor regarding a patient and the treatment of the patient or diagnosis of the patient. In the US many patients file suits every year of medical negligence against doctors and healthcare professionals. Even if there is a little bit of ignorance or negligence then, patients file suits directly. Medical negligence is something very common and it can happen as no one is an expert in their field and some of the other mistakes in the form of negligence are bound to happen. So, in such a scenario it becomes difficult for the doctors to handle the suits filed against them where heavy compensation is demanded by the patients.
About Malpractice Insurance
Therefore, to defend and protect the doctors and the healthcare professionals against such suits of medical negligence or other kinds of negligence in treatment, malpractice insurance coverage has come up. This coverage even protects the doctors and medical professionals regarding the death of the patients. Malpractice insurance is also called professional liability insurance. And, it has been made mandatory or more necessary by all the States for medical professionals to have such insurance coverage and it covers mostly many types of costs and other coverage’s.
Coverage of Malpractice Insurance
There are two types of malpractice insurance coverage – claims made policies and occurrence policies. So, the medical professionals can choose any one of them or both of them or as the case may be. Medical damages, punitive damages, legal costs, etc. all are covered in these two policies. One of the best things that you will know about malpractice insurance policy coverage is that the premiums are high. So, one of the benefits is that the policy can cover all kinds of costs that can occur during or at the time of the suits.
Doctors should be ready
There are very many good reasons as to why medical professionals like doctors and health care professionals like nurses who give anesthesia are required to have malpractice insurance. Also, mostly in the cases of heart diseases or cancer, the patients file suits against doctors for malpractice or negligence in case if the patient dies then it’s their relatives filing the suit. So, the practitioners should be ready to face such kinds of challenges and also the doctors have to spend huge cost on hiring lawyers, then other fee and damages cost, etc. so having malpractice insurance secures them against such future hassles.
