Providing medical care to patients is a worthy endeavor, but even the most well-intentioned medical practitioners are exposed to potential liability risks when they render care. A provider may be held financially responsible if they make a mistake when rendering care -- and that financial responsibility can be substantial. Medical malpractice insurance helps protect Massachusetts medical practitioners from some of this potential risk.
Medical malpractice insurance is a highly specialized professional liability insurance, and it’s meant specifically for different types of medical workers. Because these policies are so specialized, it’s important to work with an expert agent when selecting coverage.
The vast majority of medical practitioners in Massachusetts, including both most individuals and most organizations in the medical field, should have medical malpractice coverage. Some examples of practitioners who likely need coverage include:
In many cases, forgoing coverage doesn’t only leave a practitioner dangerously exposed to potential claims. Not having coverage can sometimes also cause a practitioner to run afoul of the law, as many medical practitioners are legally obligated to be insured.
Many individual practitioners do receive medical malpractice coverage through their employer’s policy, but coverage isn’t universally applied and shouldn’t be taken for granted. There are a few different items to check when evaluating how an employer’s coverage extends to an individual practitioner.
First, not all employers do extend coverage to all of their employees. While providing coverage for employees is generally the norm, employees may not receive coverage in a few uncommon situations.
Second, employees may not receive as much coverage as they’d like from an employer. When an employer’s policy does provide coverage, it’s usually the employer that decides what coverages and limits to get. This occasionally isn’t fully in line with what an individual practitioner wants.
Third, any coverage that is afforded by an employer’s policy normally is limited to only when care is rendered in the course of normal work duties. An employer’s policy probably won’t cover side gigs or volunteer efforts. Although a secondary employer or volunteer organization might also have its own policy, there occasionally can be gaps in coverage when individuals practice medicine in multiple settings.
Since coverage isn’t always adequately provided by an employer, individual medical practitioners would be wise to review their risk exposure and insurance protection with a knowledgeable agent. An agent who specializes in medical malpractice coverage will be able to help analyze a practitioner’s situation and determine whether sufficient coverage is provided. If additional protection is needed, an agent can also help procure another policy.
Premiums for medical malpractice policies are often substantial, but they’re also usually manageable. Because premiums vary, the best way to understand how much coverage will cost in a specific situation is to consult an independent insurance agent. An independent agent has the freedom to request quotes from several insurance companies, which makes comparing coverages and premiums easy.
If you’re a medical practitioner in Massachusetts, contact the independent insurance agents at Roger Keith & Sons Insurance for assistance. Our agents have the expertise necessary to help make sure you’re well covered, and we can show you medical malpractice insurance options from a number of different insurers. With our aid, you can be confident that you’re well covered.
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