What is Medical Malpractice Insurance | What All Physicians Should Know

As you know, everybody makes mistakes. Unfortunately, when a medical professional makes a mistake, the ramifications he or she may face as a result are far greater than individuals in other professions who’ve made mistakes. To start, a mistake often results in serious harm done to a patient, which no doctor wants to see. However, when a doctor accidentally harms a patient, that patient may very well file a medical malpractice lawsuit against that doctor. A medical malpractice lawsuit can result in high fines, and, at times, it can revoke your right to practice medicine for years, or forever. That being said, for this reason, many doctors will purchase medical malpractice insurance to help protect them in these situations. Please read on and speak with our experienced¬†New York medical defense attorney to learn more about how our firm can help you. Here are some of the questions you may have:

How is medical malpractice defined?

A doctor commits an act of medical malpractice when he or she breaches his or her duty of care towards a patient, and this breach of care results in a serious injury or harm to a patient. Some of the most common examples of medical malpractice that our firm sees are as follows:

  • Misinterpreting lab results
  • Failure to diagnose
  • Delayed diagnosis
  • Prematurely discharging a patient
  • Improperly medicating a patient
  • Wrong-site surgery
  • Anesthesia errors
  • Birth injuries

How can medical malpractice insurance help me?

To start, you should understand that as of today, in New York State, medical malpractice insurance is strictly optional, and physicians are not required to purchase such insurance. That being said, though medical malpractice insurance can be quite expensive, it can save you greatly in the long run. Essentially, this insurance is a professional liability insurance for medical professionals that protects them from any potential claims for allegedly wrongful actions. There is no cap on the amount of compensation that a plaintiff can be awarded, which is why though the insurance is expensive, it may save you greatly in the long run. If you have any further questions about medical malpractice insurance, or you are currently being accused of an act of medical malpractice, you can always turn to our experienced New York City medical defense attorney. Our firm is ready to fight your accusations to help ensure that you can go on practicing medicine and helping those who need it most–your patients.

Contact our experienced New York City firm

When a medical professional is accused of misconduct, they must 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.