Healthcare practitioners must adhere to the highest standards of care when treating and advising their patients. Although we sometimes view physicians and nurses as infallible, they are human and are capable of making mistakes. A misdiagnosis or error in judgment can make a patient’s condition worse, or in some cases, contribute to their death.
Patients who believe that their doctor or nurse was negligent when diagnosing or treating their illness or injury may decide to take legal action in an attempt to recover a monetary award. A successful lawsuit could have severe professional and personal consequences for a healthcare provider. Because of the high risk, these practitioners must carry sufficient medical professional liability insurance coverage to protect them from a substantial financial loss.
UPDATE (12/5/2018) Professional Liability for Physicians can now cover writing scripts and prescribing cannabis.
At XINSURANCE, we specialize in providing insurance solutions to liability risks that other insurance providers aren’t willing to assume, including individuals who work in the healthcare profession. If you’ve been canceled, non-renewed, or denied coverage elsewhere, we’re able to step in and fill the void. We can offer an insurance solution with limits of up to $10 million ($20 million through our reinsurance partners), which means we can take on small and large risks alike.
Also known as medical malpractice insurance, this coverage protects against a wide range of liability claims that may arise when treating a patient:
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 a GL policy would cover include:
Please note that XINSURANCE does not offer workers’ compensation insurance that covers work-related illnesses or injuries sustained by employees of healthcare facilities.
At XINSURANCE, we give our policyholders true peace of mind by providing the most comprehensive, customizable insurance solutions on the market. Our all-in-one protection means you won’t have to purchase several separate policies to fully protect your assets. You’ll enjoy the convenience and security of having all your liability coverages in one place.
We also deliver top-notch customer service from the time you contact us for a quote, during the application process, and for as long as you remain a policyholder. We’re proud of our exceptional claims service that saves time, eliminates hassles, and ensures the best possible outcome.
Applying for coverage from XINSURANCE is fast and easy. The process starts by filling out and submitting our online application form, which is followed by a phone call with our underwriting team to discuss the risk in more detail. We’ll then provide a no-obligation quote for your approval.
Contact us to get your no-obligation medical professional liability insurance quote started today.
Around 17,000 malpractice lawsuits are brought to court against doctors each year.
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