Insurance for Medical Professionals

Most employers do provide some level of malpractice insurance for medical professionals. However, it’s important to note that the extent of coverage may vary depending on the employer and the specific terms of the insurance policy.

XINSURANCE can review your insurance policy at no cost or obligation to help identify gaps and exclusions that expose you to liabilities and potential lawsuits. Upon review, we can offer an insurance solution that fills the gaps and gives you true peace of mind.

The cost of medical malpractice insurance varies significantly depending on factors such as the medical specialty, geographical location, experience level, claims history, coverage limits, and more. Contact XINSURANCE to get a more accurate cost.

Yes, XINSURANCE provides insurance solutions for volunteer physicians and retired physicians. Did you know that almost half of physicians 55 or older reported in 2022 that they had been sued at some point in their careers? We are to help and provide an insurance solution tailored to your needs.

Healthcare providers also experience many of the same liability exposures that other business owners face. A general liability insurance policy protects against bodily injuries and property damage sustained by third parties that aren’t related to the administering of medical care.

Examples of the situations that general liability could cover:

• Injuries: Suppose a patient or visitor slips on a wet floor in a hallway while leaving a medical facility and breaks his leg. If you are held liable, the GL policy could cover the individual’s medical bills and court-ordered payouts or legal costs resulting from litigation, up to policy limits.
• Property damage: In some situations, a medical staff member may need to handle the personal items of a patient receiving treatment at a healthcare facility. If these items sustain damage or mysteriously “disappear,” the property damage component of a general liability policy could cover the loss, up to policy limits.
• Advertising injuries: These days, healthcare facilities, private practice physicians, dentists, and other medical professionals rely on advertising to market their services and attract new patients. General liability can cover accidental injuries that may result from advertising practices, such as defamation (claims of damaging a competitor’s reputation via slander or libel) or copyright infringement (unauthorized use of the intellectual property of others), up to policy limits.

Please note that XINSURANCE does not offer workers’ compensation insurance that covers work-related illnesses or injuries sustained by employees of healthcare facilities.