If you are a physician or healthcare professional, you should consider professional liability insurance in the event of a lawsuit for negligence or malpractice, because sometimes we make mistakes.
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Why You Need Professional Medical Malpractice Insurance
We all make mistakes so it is important to protect yourself and your business from lawsuits due to oversights. Professional mistakes can cost your business due to a client being dissatisfied with undelivered services or negligence.
What It Covers:
Attorney fees and court costs and settlements: your business is covered in the event of a lawsuit from a client, regardless of fault.
Work Mistakes: if your business makes a mistake that ends up costing your client money, then your business is covered if you must pay for the client's losses.
Negligence/Undelivered Services: if your work does not meet standards, such as giving incorrect advice or you did not finish work that was supposed to be completed by a specific time, then you are covered if a lawsuit ensues.
