Medical malpractice insurance offers financial protection to physicians and others in the medical profession when medical errors occur. Similar to other forms of insurance, medical malpractice insurance policies often include liability limits that cap the amount that insurance providers pay out in claims for insured parties during any given period. Liability limits vary from state
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Know Your Limits: Understanding Medical Malpractice Coverage Limits
Premium prices are always important when deciding on medical malpractice insurance, but have you also considered your policy’s coverage limits? The coverage limit is the part of your policy that states the maximum dollar amount that your insurance company is willing to cover in losses. It is important to consider these limits when choosing a
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Medical Professional Liability Insurance (MPLI) – Starting with the fundamentals, this is the technical name for what is commonly referred to as Medical Malpractice Insurance. It is liability coverage particularly tailored to the needs of medical professionals. Claims Made Policy – A type of MPLI policy in which a claim is covered only if the
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