Medical malpractice suits are the primary concern of the majority of physicians today. However, what they all may not be aware of is that a medical board complaint can be just as detrimental to their income and can even end their careers. Therefore, it is crucial to make sure that the complaint is handled in the appropriate manner and to avoid making the following crucial mistakes that can cost you, the physician.
Shopping for Medical Malpractice Insurance in 2020 for Physicians
Necessary Types of Insurance for Doctors & Healthcare
When it comes to purchasing insurance, physicians tend to focus solely on professional liability insurance. This is understandable considering it applies to the risk that is most worrisome as well as it being the largest premium they will have to pay. There are, however, other kinds of insurance that can be just as crucial to protecting their assets and securing their practice. Physicians may not be aware of this but certain forms of coverage are required by law. Many practices do know what is required or needed until it is too late. Not all practices need every form of coverage but the following is a simplified guide to the most common types of insurance physicians purchase for their practices.
