Medical malpractice is a major
concern for all professionals within the healthcare industry, with the
decreasing number of physicians in North America often linked to the high level
of medical malpractice lawsuits brought in recent years. Malpractice insurance is often ignored by many
doctors who believe they have adequate coverage through a group malpractice
insurance policy.
In these cases, physicians are
shocked at the low level of insurance coverage they receive when successfully
sued for a substantial amount of monetary damages. In the twenty-first century
each and every doctor, regardless of their field of specialty needs to be
covered by physician malpractice insurance.
Not only does this form of insurance provide coverage for a physician when they
are working in a medical environment, but also covers them when assisting in an
emergency situation or when providing out of hours personal medical advice.
When comparing this with a group malpractice insurance policy held by almost every hospital or medical environment a personal doctor malpractice insurance policy provides peace of mind and personal security. Without individual insurance physicians leaves themselves open to huge financial losses if successfully sued for damages by a former patient. Another factor is the individual doctor being forced to repay all or part of the payout made by a group medical insurance policy, which is often covered by an individual malpractice insurance policy.
When comparing this with a group malpractice insurance policy held by almost every hospital or medical environment a personal doctor malpractice insurance policy provides peace of mind and personal security. Without individual insurance physicians leaves themselves open to huge financial losses if successfully sued for damages by a former patient. Another factor is the individual doctor being forced to repay all or part of the payout made by a group medical insurance policy, which is often covered by an individual malpractice insurance policy.
