Even the most competent medical practitioner is prone to making errors. Defending medical malpractice litigation can cost you thousands of dollars, especially when the defendant wins. The medical malpractice insurance remains the best way to protect your practice against this. For your Florida Medical Malpractice Insurance, Moran Insurance & Financial Solutions is the right insurance company to turn to.
For several years, we remain the preferred provider of medical malpractice insurance to medical practices across Florida. Our professional and dedicated insurance brokers will work tirelessly on your behalf to ensure that your medical facility gets the best insurance policy available.
What Is Medical Malpractice Insurance?
Medical malpractice insurance is also known as medical professional liability insurance. It is the type of insurance that covers health care professionals from risks or liability associated with their practice. Simply put, the insurance covers accusations that their negligence caused a patient’s injury.
A medical professional might have been practicing for years without malpractice insurance, and haven’t had a patient claim or complaint. However, even the sophisticated systems of nowadays can malfunction and cause patient injury. If this happens, the medical malpractice insurance protects them (physicians, dentist, surgeons, and other health care professionals) from liability incurred with wrongful practices that resulted in bodily injury, or property damage.
There are two basic types of medical malpractice insurance, namely – Occurrence based, and claims-made.
What Is Covered By Medical Malpractice Insurance?
Medical malpractice insurance typically covers almost all accusations of negligence in the course of caring for patients. The insurance pays for your legal fees, including lawyers’ bills, court costs, investigation expenses. Below are some of the events covered by medical malpractice insurance:
- Surgical errors or unnecessary surgery.
- Poor aftercare
- Mistakes with lab results.
- Failure to order proper testing
- Mistakes in taking a patient history
- Premature discharge
- Attorneys’ fees and court costs.
- Arbitration costs.
- Settlement costs.
- Punitive and compensatory damages.
- Medical damages
Why Do I Need Medical Malpractice Insurance?
You may need medical malpractice insurance for the following:
Protection against Mistake: No one is above mistake, even the highly educated and skilled doctors also make mistakes or probably misdiagnose an ailment. Medical malpractice insurance can give you some sort of protection if a mistake does occur.
Helps with Legal Issues: As a health professional, you never know when a malpractice claim may be made against you. However, if such claims are made, medical malpractice insurance can help fund your legal defense.
Peace of mind: Talk about being at peace with your mind when you have nothing to be fearful about. With medical malpractice insurance, health care professionals can perform their job duties without the worry that their financial assets will be lost in the event of a lawsuit.
Contact Us Today!
Moran Insurance & Financial Solutions is here to help with all of your Florida medical malpractice insurance needs. Contact us today to know more about our insurance solutions. Our trusted team will be available to speak with you and discuss the options available to you. We will offer you a personalized insurance solution that suits your needs. An amazing experience awaits you.
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