Protect Your Future with Professional Liability Insurance

The risks in medical practice are high. Allegations that errors, negligence, or omissions during patient care led to a patient’s misdiagnosis, unnecessary procedures, medication mistakes, injury, and even death. As a result, you can face litigation that can jeopardize your practice. Not only is your business at risk, so is your family, your reputation, and your career.

The American Medical Association (AMA) reports nearly one-third (31.2%) of physicians have been sued during their career. In fact, the longer you’re in practice, the higher the risk. Nearly half (46.8%) of physicians over age 54 have been sued during their career.

The same AMA report indicates two-thirds of liability cases against physicians are dropped, dismissed, or withdrawn without finding fault — and of cases that go to trial, defendants prevail in nearly 9 of 10 cases. Even though the likelihood of being found at fault is statistically low, you still will be faced with defending yourself against litigation, which can range from costly to catastrophic.

It’s important to note all healthcare professionals are at risk for care-related litigation, including physicians, surgeons, nurses, pharmacists, therapists, and more.

Professional liability insurance is essential to protect yourself and your practice against potentially devastating medical malpractice allegations and resulting litigation. Beyond that litigation protection, professional liability insurance will also give you a level of added peace of mind knowing you’re covered if something does happen.

• Independent Providers: You need a professional liability policy to protect yourself and your business
• Small Practices and Physician Groups: You need a professional liability policy to protect your business and acts committed by those who work for you, including employees, independent contractors, and students.
• Large Practices and Health Systems: You need a professional liability policy to protect your business and acts committed by those who work for you, including employees, independent contractors, and students.
• Students: You need a professional liability policy to protect yourself, whether you’re full-time or part-time.