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Medical Malpractice

Physicians & Physician Group Malpractice

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Our brokers have nearly 30 years of experience providing solutions for physicians and physician groups malpractice needs. From solo practices, hard-to-place physicians and multi-state groups, our market relationships can tailor a solution for your clients malpractice needs.

Physician malpractice refers to a situation where a medical professional fails to provide the standard of care expected in their field, resulting in harm or injury to a patient. It occurs when a doctor or healthcare provider makes an error in diagnosis, treatment, or medical judgment that deviates from accepted medical practices, and this negligence leads to adverse outcomes for the patient. Malpractice can involve various forms of negligence, such as misdiagnosing a condition, prescribing the wrong medication, performing unnecessary or incorrect surgeries, or failing to obtain informed consent from the patient. If proven, physician malpractice may result in legal consequences, including lawsuits for damages, loss of medical licenses, and financial penalties.

Physicians or physician groups need malpractice insurance to protect themselves from the financial and professional risks associated with medical errors or negligence claims. Despite their best efforts, healthcare providers can still face allegations of malpractice, and legal fees, settlements, or jury awards can be financially devastating without proper coverage. Malpractice insurance helps cover these costs, ensuring that physicians can defend themselves in court and, if necessary, compensate the injured party without draining their personal or business assets. Additionally, malpractice insurance provides peace of mind, allowing physicians to focus on patient care without constant concern over the potential for lawsuits. In many cases, having malpractice insurance is also a requirement to practice medicine, as hospitals, healthcare organizations, and licensing boards often mandate it to maintain employment or licensure.

 

Physicians & Physician Group Malpractice with SPG

Coverage Eligibility

  • Individual Physicians
  • Non-standard or hard-to-place physicians
  • Physician groups including multi-state groups
  • Telemedicine
  • Medical Directors
  • Physicians performing unique procedures

Policy Highlights

  • Defense costs outside or inside the limit of liability
  • Incident or written demand claims trigger
  • Death, Disability & Retirement Extended Reporting options
  • Sublimits for cyber coverage, license defense coverage, medical billing E&O
  • Options to write group policies with departed physician coverage
  • Stand Alone Tail options for individuals and groups

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