Medical Malpractice

Your clinic can have state-of-the-art facilities and technologies.
But what if the treatment goes sour due to negligence of doctors?

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What is Medical Malpractice Insurance?

Medical malpractice typically concerns the negligence of a healthcare professional. In order to prove, it usually requires evidence that the plaintiff suffered medical injuries due to a medical professional’s breach of conduct. Such examples include, prescribing wrong medicines, giving wrong medical advice, performing wrong surgery and reckless handling of a patient's body.

Hence, medical malpractice liability refers to when a person or multiple people is held legally responsible for a patient’s injuries. Typically, it involves one party but it is not out of the ordinary to involve multiple parties. For example, if a nurse may have followed a wrongful doctor instruction, both parties can be held liable.

What does Medical Malpractice Insurance cover?

Medical malpractice insurance covers a wide range of expenses. The following are basic coverages that are generally included in a Medical Malpractice policy:

Attorney fees
court costs
Settlement costs
Medical damages
Arbitation costs
Compensation
Unintentional intellectual property infringement
Reasonable and neccesary costs of replacing or restoring lost documents

How important is Medical Malpractice Insurance?

It protects physicians and other healthcare professionals against claims alleging their negligent acts such as causing injury to patients. Such malpractice can have a negative effect on the reputation of the health service provider. Moreover, a medical malpractice policy can also allow physicians to fulfil their duties with confidence.

Who needs Medical Malpractice Insurance?

Generally, it is the duty of hospitals, clinics and dentistries to purchase a medical malpractice solution. Medical malpractice insurance is essential for nurses, dentists, opt้halmologist, physical therapists, surgeons, or physicians who provides healthcare services, as it allows them to perform their duties with conviction. Nonetheless, the aforementioned professions can also purchase a medical malpractice policy as a personal cover.

How much does a Medical Malpractice Insurance policy cost?

The costs can vary as it is predominantly determined by the types of medical profession the coverage is for. For example, a surgeon takes on higher risks than a flu doctor and a hospital with more doctors and patients are likely to take on higher risk. The price will therefore depict accordingly. Furthermore, other factors include claim history and sum insured.

Why CHAZ?

A Medical Malpractice policy may be considered as niche. However, at CHAZ, we dedicate our understanding to every policy with considerate attention and care so our clients can rest their minds at ease.

Important Disclosure

The content provided is for informational and educational purposes only. The coverage written may change without notice and may not be applicable to all situations and policies. Terms, conditions and qualifications are also subject to circumstance, supplementary material and underwriting. CHAZ Insurance Brokers Ltd. is not liable for any discrepencies should there be any. For more information, please contact us via the enquiry form below.

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