Do you have the right malpractice insurance policy?

to successfully defend a single claim of malpractice would likely exceed the annual premium for liability insurance, and this fact alone makes malpractice insurance a sound business expense. Unfortunately, it’s one that growing numbers of physicians can’t afford. Physicians and patients in 20 states are facing a “full-blown medical liability crisis” (up from 12 states two years ago), and at least 24 others are “showing problem signs,” according to the American Medical Association. For the many physicians who have had to relocate or give up obstetrics and certain procedures just to be able to afford any type of malpractice insurance, thinking critically about the coverage that their policy provides may seem impractical. Regardless, it pays to be aware of the protection your policy provides, and, if you are among those lucky enough to be practicing in an area where you still have a choice of insurance, a review of your current policy and some shopping around might serve your practice well.