If you are a doctor that did not buy the “tail” of your Claims Made Medical Malpractice Insurance Policy, you may have to pay a lot of money legal defense in malpractice litigation and the possibility of losing the case as well as the unfortunate situation of being held liable for a huge amount of damages. If a doctor doesn’t buy enough insurance, they may be held liable after they retire. Most of the time, retired doctors don’t expect this and ultimately, have no idea how to proceed when this happens. Retirement is supposed to be simple, not full of lawsuits.
A doctor should first send papers to the former insurance carrier because the carrier might have to provide defense even if you did not purchase the tail end of the insurance. The insurance company may even settle the case on your behalf. However, the doctor might be legally liable to repay the insurance company. In that situation, you will require experienced legal advice to navigate this difficult situation. If you are a retired doctor that is facing this situation, it is important to consult with an attorney. Peltz Walker is here to help. Contact us today.
When a medical professional is accused of misconduct, it is essential that they retain strong legal representation. If you require a medical law attorney for your legal matters, call Paul E. Walker, an experienced New York City OPMC & OPD Lawyer. Please contact the Walker Medical Law firm to set up a free initial consultation.