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malpractice insurance

   Also found in: Medical, Legal, Financial, Encyclopedia, Wikipedia 0.01 sec.
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Noun1.malpractice insurance - insurance purchased by physicians and hospitals to cover the cost of being sued for malpracticemalpractice insurance - insurance purchased by physicians and hospitals to cover the cost of being sued for malpractice; "obstetricians have to pay high rates for malpractice insurance"
insurance - promise of reimbursement in the case of loss; paid to people or companies so concerned about hazards that they have made prepayments to an insurance company


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The total cost of all malpractice insurance premiums fell to much less than 1% of the total $2.
The author believes that true catastrophic claims occur on a relatively rare basis, and she covers such subjects as malpractice insurance, documentation, liabilities within specific health care environments and employment law to help professionals avoid, endure and survive lawsuits.
In the article, it also lists ways to minimize the risk for getting sued: Thorough documentation, follow the chain of command, make the patient your partner, recognize system flaws and report them, and consider carrying individual malpractice insurance.
 
 
 
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