Why You Should Carry Medical Malpractice Insurance

Posted on: 3 January 2020

As a doctor or nurse, you likely take great pride in your work and in doing everything you can to help the people who come to see you about their problems. But in today's world, making a mistake as a doctor or nurse could leave you open to a lawsuit. If someone makes a medical malpractice claim against you, it could ruin you financially if you are not prepared for it. Here's why you should carry medical malpractice insurance.

You Are Not Perfect and That's OK

All humans make mistakes from time to time. Even the most experienced doctor could make a mistake despite their best efforts. By getting medical malpractice insurance, you are not saying you think you will make a mistake; you are only admitting to being human. You will still of course go about your job the same way you did before you had the policy, but the fact that you have the policy will be beneficial to you if a mistake ever does occur.

Diagnose or Operate Without Fear

A medical malpractice lawsuit could put you out of business, especially if you own just a small doctor's office and do not have the support of a large hospital behind you. Medical malpractice insurance will help put your mind at ease. You likely wouldn't be scared about making a medical decision for a patient anyway, but with this policy in your back pocket, you can just stay focused on your job knowing that you are protected in the event that something goes wrong.

It Could Even Be a Competitive Advantage

If you run a small office, you might be in competition with other primary care doctors in your area. Announcing that you are fully insured on your website or anywhere else where someone might seek out a new doctor might encourage someone to book an appointment with you. No one is looking to be the victim of medical malpractice of course, but simply saying you are fully insured will indicate that the patient can be made whole through the insurance policy if something does go wrong. Saying you have insurance could help give you a leg up over another small doctor's office in the area, and in general, it's just a sign of a professional operation.

Medical malpractice is a scary thought for lots of doctors and nurses, but you don't have to do your job in fear or worrying about a mistake. Contact a medical malpractice insurance agency today for more information.


Little-known Insurance Tips

While I have had auto insurance ever since I bought my first car at 16 years old and home insurance ever since I bought my first home several years ago, I have to admit that over the years I knew very little about insurance. I tended to just look at the price of the coverage and sign the paperwork without really looking into the pros and cons of each policy. After my friend was in a car accident recently (thankfully, she is okay!) and she said she had to pay for some of the damage to the other vehicle out-of-pocket even though she had a minimum state coverage auto insurance policy, I decided to put a lot of careful research into insurance policies and what they really offer. I want to help others by sharing the information I have learned on a blog. I hope I can help you!