Lesson 12: Professional Liability Insurance (Malpractice)
Ensure your safety net is in place
The more formal title is “professional liability insurance,” but it’s often short-handed as “malpractice insurance.” It protects your assets, in case a claim is made against you. And sometimes, that happens.
Claims can arise in a number of ways:
- From an incident
- From notification to a state medical board
- From a licensure investigation
- From a lawsuit
- Served at your place of business or by certified mail
- Insurance company will retain an attorney for you
Whether a claim is valid or not, you still must make a claim with the insurance company. If it does turn into a valid claim, you would want coverage, which protects your assets.
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