Being a practicing doctor you are liable to many things which can cost you fortune and can end your practice. Though it is not very usual for patients to sue doctors for negligence or for failing to exercise due diligence when treating patients, which is usually known as malpractice, and it can cost the doctor a bundle of money. The court may ask the doctor to pay the patient for damages caused if it is proven that the doctor’s failure was responsible. Physician malpractice insurance offer doctors with financial protection in case they get sued by patients, and provide him peace of mind.
It is mandatory for a doctor to have doctor malpractice insurance to do the practice. The provider takes the responsibility of any legal issue if it comes into existence due to malpractice when doctor is having malpractice insurance. This means that Doctor doesn’t have to pay anything if for the damage caused by the doctor but insurance company will pay for such damages .This insurance can be bought as individual individual or as part of large group such as a hospital. There are many companies out there which are offering malpractice insurance at very reasonably charges, websites of these companies can be visited for online quotes.
