Definition - What does Physician's Insurance mean?
Physician's insurance (also known as medical malpractice insurance) is a type of liability insurance that protects physicians in the event that a patient sues them for medical malpractice. This insurance is required for practicing physicians in most states.
Insuranceopedia explains Physician's Insurance
A physician's job often involves performing risky operations and procedures. Unfortunately, everything does not always go perfectly well, and sometimes the patient can suffer injuries or die. This is especially so if the physician neglects some aspect of their duties or makes a major omission in their treatment.
Given that being a physician carries such a high risk of being sued, physician's insurance is mandatory in most parts of the United States.