shay asked in Business & FinanceInsurance · 1 decade ago

what is malpractice insurance?

what is it for doctors and do i have to pay it once im a doctor?

6 Answers

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  • Anonymous
    1 decade ago
    Favorite Answer

    It is insurance to protect one from liability claims. You would be foolish not to have such insurance as a doctor, since attoneys love to sue doctors for just about any reason imaginable

  • 1 decade ago

    Malpractice insurance is purchased by professionals, most often medical professionals, to financially cover them in the event they are sued for malpractice. Malpractice is the act of causing damage or injury to a person or persons as a result of negligently performing a professional duty or intentional wrongdoing. Doctors, surgeons, nurses, and most other medical professionals are sometimes required to purchase malpractice insurance, also called personal liability insurance, before becoming employed by a facility or opening a private practice. Though the medical field is the most common market for malpractice insurance, other fields may require personal liability or malpractice insurance as well.

  • debijs
    Lv 7
    1 decade ago

    ~~Most states are mandatory and to be contracted with any of the insurance companies you must have malpractice insurance.

    Basically it is an insurance which protects you should a patient sue you for any type of malpractice (a procedure gone wrong, etc).

    In CA every doctor needs a million dollars or more coverage certificate.~~

  • 1 decade ago

    Yes every doctor should have it. If something goes wrong with the patient and they blame it on you, they could sue. The insurance helps settle the dispute so you don't pay out of pocket or lose your license

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  • 1 decade ago

    it's what doctors pay so that if a patient sues them, their insurance pays the claim.

  • Anonymous
    1 decade ago

    Yes, you must carry it (in the U.S.).

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