Medical Malpractice Insurance
Every medical professional should have medical malpractice insurance coverage in today’s climate of uncertainty.The Benefits of our Medical Malpractice Insurance Coverage
Our medical malpractice coverage gives you superior claims handling, effective risk management resources, by “A” rated carriers, with a history of financial strength.
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Option to include general liability insurance
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Coverage limits of up to $2 million per individual claim.
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Complete authority to approve settlement decisions.
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Protection for telemedicine and telehealth services.
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Legal defense coverage for professional license issues.
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Legal defense expenses covered in addition to liability limits.
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Defense coverage for allegations of sexual misconduct.
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Protection for HIPAA-related privacy violation claims.
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Portable coverage available 24/7, applicable in volunteer work, telehealth roles, per diem, or moonlighting assignments.
Who needs medical malpractice insurance?
All medical professionals should be protected with medical malpractice insurance. The potential for lawsuits and unusually high damages awards is much higher in medicine than other areas.
Primarily, professionals practicing general medicine like physicians and physicians assistants. Executives such as medical directors must be covered as their decisions can impact on more people than a single physician.
Other medical specialists such as phlebotomists, respiratory therapists, surgical technicians, optometrists, pharmacists, and imaging technicians must have medical malpractice insurance in some form, to protect them from litigation.
Professionals working in other fields, such as mental health, including psychologists, psychotherapists and mental health technicians must also have medical malpractice coverage, as should those professionals who work in the field of alternative medicine, including massage therapists.
Does medical malpractice insurance pay all costs?
While medical malpractice insurance pays for the claimant’s medical expenses and attorney fees, along with damages awards, it does not cover your legal expenses defending the claim.
How can I get medical malpractice insurance?
Click the contact button below to contact Homewood and we’ll pass your information to one of our agents in your area. Medical malpractice is incorporated into professional liability policies, so you won’t find many mentions of it on our website.
We look forward to working with you.
Which US states require medical malpractice insurance?
The legal requirement for doctors to carry medical malpractice insurance varies across the United States. While no federal mandate requires physicians to carry it, state laws often do.
States Requiring Malpractice Insurance:
Several states mandate that physicians maintain active malpractice insurance policies:
- Colorado: Physicians must carry malpractice insurance with at least a $1 million per-occurrence limit and a $3 million aggregate limit.
- Connecticut, Kansas, Massachusetts, New Jersey, Rhode Island, Wisconsin: These states also require physicians to have malpractice insurance, though specific coverage limits may vary.
States with Conditional Requirements:
Some states do not universally require malpractice insurance but impose conditions under certain circumstances:
- Indiana, Louisiana, Nebraska, New Mexico, New York, Pennsylvania, Wyoming: In these states, physicians must carry a minimum level of coverage to participate in state programs that either limit the amount of damages from a malpractice claim or provide supplemental malpractice coverage.
- California: Physicians are required to carry malpractice insurance only if they perform outpatient surgery.
- Florida: Physicians can be exempt from carrying malpractice insurance if they meet specific stipulations, such as posting a bond, maintaining an escrow account, or obtaining an irrevocable letter of credit. They must also notify patients of their lack of insurance.
States Without Malpractice Insurance Requirements:
Approximately 32 states do not have laws mandating malpractice insurance for physicians. However, hospitals, employers, or insurance plans within these states may still require physicians to carry such insurance as a condition of employment or practice privileges.
Does medical malpractice insurance cover telemedicine?
Traditional malpractice insurance often does not explicitly cover telemedicine or telehealth services. In some cases, these services are actually excluded in the policy’s fine print. As healthcare increasingly adopts digital technologies, it’s crucial for healthcare providers to ensure that their professional liability coverage extends to their telemedicine activities. Specialized Telemedicine Malpractice Insurance policies are also available to fill this coverage gap, offering protections tailored to the unique risks associated with providing healthcare services remotely. If you’re considering adding telemedicine to your practice, it’s essential to consult with your insurance broker to review your current policy and explore additional coverage options specific to telemedicine.
Speak with an Insurance Professional
Call 947-274-3093 or
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Ralph Schiller
Ralph specializes in sourcing the most suitable Medical Malpractice Insurance at the best price. You can call him or fill out the form and he will get your message directly.