Physician’s Insurance

What Does Physician’s Insurance Mean?

Physician’s insurance, also known as medical malpractice insurance, is a type of liability coverage that protects physicians in the event a patient sues them for malpractice. This insurance is mandatory for practicing physicians in most states.

Within the broader category of professional liability insurance, which covers professionals across many fields, medical malpractice policies are tailored to the specific risks doctors face when treating patients.

Insuranceopedia Explains Physician’s Insurance

A physician’s work often involves performing risky operations and procedures. Unfortunately, not everything always goes perfectly, and at times, a patient may suffer injuries or even death. This is particularly true if the physician neglects a part of their duties or makes a significant error in treatment.

Because being a physician carries a high risk of lawsuits, physician’s insurance is mandatory in most parts of the United States.

The cost of doctors and physicians insurance tends to depend heavily on medical specialty and the state where the doctor practices, since high-risk fields like obstetrics and surgery typically face the highest premiums.