Medical Malpractice Insurance Specialists
Medical malpractice insurance is specifically meant for medical practices and medical-related businesses. If a client is unintentionally hurt by your business, you need to have this particular coverage to face the legal costs and compensation. It is also called ‘treatment liability insurance.
It is different than ‘Professional Indemnity Insurance’ because that covers financial losses and failure of your service. It involves claims regarding breach of care, confidentiality, or dishonesty.
What does Medical Malpractice Insurance cover?
Medical Malpractice insurance covers physical injury, mental issues, illness or death of clients caused by your negligence. It covers:
- Legal costs
- Compensation
- Physical damage or hurt caused by the professionals
- Mental issues caused by your negligence
- Maltreatment caused by negligence
Who should get it?
Medical Malpractice Insurance is essential for businesses dealing with clients or patients at risk of causing mental or physical harm. It includes:
That means people like:
- Aestheticians, Beauticians and hairdressers
- Medical practitioners, paramedics and pharmacists
- Opticians, dentists, and podiatrists
- Personal trainers, yoga and Pilates teachers
- Physiotherapists and mental health professionals
- Complementary therapists
- Vets, etc.
Cost of Insurance
The cost of medical malpractice insurance varies for every type and size of business:
- Size of business
- Type of business – if it involves risk, the cost is higher
