How Can Medical Malpractice Insurance for Doctors Protect You?

According to the Bureau of Justice Statistics, 90% of all medical malpractice lawsuits are filed by people who have suffered permanent injury or by those representing someone who has died as a result of medical malpractice. Another report produced by the Institute of Medicine of the National Academies in 2006 said that medication errors are one of the most common medical mistakes, causing injury or harm to at least 1.5 million people every year.

Based on these statistics, you can see how medical malpractice has been an issue for doctors and physicians. Many doctors nowadays have resorted to practicing what is called “defensive medicine” in which more tests or procedures are conducted on patients than is usually necessary in order to evade the threat of litigation.

Yes, being sued for medical malpractice can tarnish your credibility as a doctor, but what can be even more devastating are the financial problems that the lawsuit can ensue.

This is where medical malpractice insurance for doctors comes into play and can make you less vulnerable financially. Having insurance can help ease the burden and stress while protecting you from financial hardship.