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What is medical malpractice liability insurance?

January 31, 2017

Medical malpractice insurance exists to protect medical doctors and other licensed healthcare professionals from liability associated with malpractice or negligence that resulted in patient injury.

It also covers property damage, and personal injury, such as mental anguish and pain and suffering.

Seven states require practicing physicians to carry liability insurance. In Indiana, physicians are not required by law to maintain liability insurance. However, employers and hospitals do typically require it.

Types of Medical Malpractice Coverage

There are two common types of medical malpractice liability coverage: claims made and occurrence.

Claims Made Coverage:

Claims coverage guarantees coverage during the time of incident. It also ensures coverage for when the malpractice claim was filed.

Once a claims made policy ends, no coverage will be granted. Policy holders do have the option to extend the policy period. Medical professionals can purchase an Extended Reporting Endorsement, or “tail coverage” if needed.

Occurrence Coverage:

Unlike claims made coverage, occurrence coverage guarantees coverage at all times. An occurrence policy will respond to claims even after the policy has been canceled.

Medical Malpractice Insurance Questions?

The outcome of your medical malpractice case could depend on the type of malpractice insurance your doctor has. If you’ve been injured by a medical professional, have questions, or want to learn more about malpractice insurance, contact the experienced medical malpractice attorneys at Wilson Kehoe Winingham. Call today for a free, no-obligation consultation at 317.920.6400, or fill out a contact form online.

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