Introduction to Medical Malpractice Insurance - Gallagher Healthcare
Medical malpractice insurance protects your personal assets and professional reputation from the devastating financial impact of a lawsuit.
: Defense fees alone can range from $100 to $500 per hour, and the average payout for a settlement or judgment can exceed $350,000. buy medical malpractice insurance
: Roughly 31% of all physicians have faced a lawsuit, a number that jumps to 47% for doctors over age 55.
Whether you are a new resident finishing training, a seasoned physician moving into private practice, or an independent contractor moonlighting on the side, buying medical malpractice insurance is one of the most critical steps in your career. Whether you are a new resident finishing training,
Choosing the right "trigger" for your policy is your first major decision.
: Most states, health plans, and hospital networks require active coverage to maintain your credentials. ⚖️ Claims-Made vs. Occurrence Policies ⚖️ Claims-Made vs
While most employed doctors have coverage through their hospital, any shift toward self-employment means you must navigate the complex world of professional liability on your own. 🛡️ Why You Need Coverage (Even if Not Required)