Medical malpractice results when negligence is committed by a health care professional resulting in harm to patients. Physicians malpractice insurance is necessary to protect doctors from claims filed by patients. Liability insurance only comes into play when an injured party specifically names you in a lawsuit. Without protection, a doctor can be held personally liable for all court costs, settlements and damages if found negligent. Liability insurance covers all of the costs from court proceedings and settlements if you are insured, so nothing comes out of your own pocket except premiums to the insurance company. There are many malpractice insurance questions on the types of coverage and the costs of the policy. The details of a policy can get very complicated, so it is best to talk to a specialist that can answer your questions.
When looking for liability coverage, you should look for a company that is well established and financially sound. The company offering the lowest premium may not always be the best choice for physicians malpractice insurance. It is up to you to do some research and figure out if you want an occurrence policy or claims-made policy and if you need tail coverage. A knowledgeable agent can help you sort through the intricate maze of liability coverage and customize your insurance through a reputable carrier. An experienced agent can also help you keep your malpractice insurance costs affordable. Purchasing a good policy through an A rated carrier is the best solution for your individual or business needs.
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Doctors' Insurance Agency is one of the leaders in liability coverage in Colorado and Wyoming. We want to help answer your malpractice insurance questions thoroughly so you can make an informed decision. With over 24 years in the malpractice business, we are very knowledgeable about the changes in the industry, marketplace, and government so we can offer you the best coverage available. We do everything we can to make your malpractice insurance costs affordable. Call us today to help you get the coverage you need for yourself or business.