Medical Malpractice Insurance
Working in the healthcare industry carries the genuine risk of facing legal action during the course of your career. Errors may occur, or individuals (whether patients or their families) might seek to attribute difficulties to someone. By having medical malpractice insurance, you gain the support of a dedicated team working to safeguard your interests. Additionally, the insurance coverage extends to the expenses associated with your defense and any damages that may arise.
Insurance.Contractors Medical Malpractice Insurance: Key Features
Here are some noteworthy features of our medical malpractice insurance:
- Occurrence and claims-made policy options
- Don’t know the difference between the two? No worries! Our partner wrote an article that breaks it all down for you.
- Legal defense outside the limits of liability
- This means that money spent on your defense won’t be deducted from your insurance limits — so if you have a $1 million limit, you’ll still have $1 million to pay for any settlements or damages.
- Consent to settle
- This means that our partner won’t settle a claim without your consent.
- $0 deductibles
- Flexible insurance limits based on your needs
- Convenient payment plans for select policies
- Customizable tail coverage options for customers with claims-made policies
How Much Does Medical Malpractice Insurance Cost?
Your malpractice insurance premium will depend on several factors, including your profession, years of experience, and past claims history. For example, a nursing student may pay as little as $14/year.
Of course, the best way to find out how much a policy would cost is by getting a quick quote. It only takes a couple minutes, and if you decide you’re ready to buy, your policy can go into effect any day you’d like, including today.
What's Covered Under a IC Medical Malpractice Policy? Industry Coverage
Medical Malpractice Coverage
If you work as an advanced practice or allied healthcare professional, medical malpractice coverage insures you against claims of negligence or of making a mistake that caused bodily harm to another. This includes providing you with a lawyer to defend yourself and the funds you can use to pay judgments or settlements.
AMOUNT COVERED:
Typical limits of liability range from $500,000 per claim/$1 million aggregate to $2 million per claim/$6 million aggregate
Defense Counsel
If a claim is filed against you, our partner will retain a lawyer for you from their network of defense attorneys specializing in medical malpractice. Our partner also pays for related defense costs (e.g., lawyer fees, court fees, expert witness costs).
Note that these defense costs are outside the limits of your insurance. This means that their services don’t cut into the settlement fees you may need to pay after a ruling.
AMOUNT COVERED:
Provided in addition to your policy’s limits of insurance.
Consent to Settle
Our partner works with your defense attorney to reach the best possible outcome for you. They won’t settle a claim without your approval.
Worldwide Coverage
Your policy applies on a worldwide basis, as long as a claim is brought against you in the United States (which includes any U.S. territories or possessions).
Good Samaritan Coverage
If you provide professional care to someone who is not your patient in a first aid or emergency situation, and that person files a claim against you, your policy would still apply.
Automatic Coverage Extensions
HIPAA Violation Defense
If a claim alleges that you violated privacy rules in connection with private health information, we provide you with access to counsel and will reimburse you for costs related to HIPAA proceedings — including relevant HIPAA fines.
AMOUNT COVERED:
$25,000 per policy period
Licensing Board Protection Defense
If the professional licensing authority is investigating matters related to your professional conduct, our policy provides you with legal defense.
AMOUNT COVERED:
$25,000 limit per policy period
Wage Loss / Deposition
If our partner asks you to attend litigation activities (e.g., a deposition), our policy will reimburse you for actual lost wages and any necessary expenses you incur (e.g., travel, meals).
AMOUNT COVERED:
Up to $1,000 per day
Reputation Coverage
If you face a threat to your professional reputation, our partner can provide you with a crisis management/public relations consultant to help clear your name.
AMOUNT COVERED:
$50,000 per claim
Additional A La Carte Coverage
Business/General Liability Coverage
The policy applies if someone files a claim against you alleging that your premises or operations caused them bodily injury or harm.
AMOUNT COVERED:
$1 million occurrence/$1 million aggregate
Medicare/Medicaid Reimbursement Endorsement
If you’re audited by either Medicare or Medicaid, our partner will offer reimbursement for related accountant or attorney costs that result from the investigation or defense of the audit proceedings.
AMOUNT COVERED:
$30,000 for a covered audit and related expenses
Choose Your Career
- Counselors
- Dental Professionals
- Nurses (RN, LPN/LVN)
- Occupational Therapists
- Optometrists
- Personal Trainers
- Physical Therapist
- Physician Assistants
- Psycologists
- Social Workers
- Therapists
- Yoga Teachers