medical malpractice insurance cost - 12 Августа 2013 - Проекты домов и котеджей

medical malpractice insurance agent

What is the average cost for malpractice insurance?

WE A NSWER:

Malpractice insurance is generally obtained by hospitals, medical practitioners, and physicians to cover the costs when being charged for malpractice. These kinds of professions are most likely the ones to face lawsuits against unprofessional conduct and negligence of duty. In the field of medicine, no one is really 100% sure about results and outcome.

Because every patient and treatment is never the same, there are still risks involved every time these medical professionals perform their operations.

For instance, the doctor is very accurate and confident that he has given the best diagnosis to a patient but after a few days, the patient did not respond to the medication due to internal break downs. Although the treatment was based from careful study and was tested even beforehand, the patient may still file complaints against the doctor. This is the very reason why hospitals and doctors make it a point to have medical malpractice insurance in order to safeguard their financial interest and reputation.

Some factors that will affect the cost of malpractice insurance include:

• Specialties and occupation. Nurses pay different premiums compared to dentists or doctors. The exposure of risk varies from specialty to specialty and from occupation to occupation within the medical profession.

For instance, OB/GYNs have higher malpractice insurance premiums as compared to general practitioners since there is a high incident rate of lawsuits. The same goes for surgeons involved in high-risk operations. The general logic is this: the more complex the job of the medical professional, the more costly is the insurance and policies.