First Name : Physician Malpractice
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It is essential that physicians understand the difference between these two types of policies so that they can guarantee that they are selecting the policy that is right for them and their circumstances. Opting for physician malpractice insurance is beneficial because it provides protection.
Physician malpractice insurance is basically the price that all physicians have to pay in order to do business. Malpractice insurance prevents physicians from having to take the full brunt of the cost of any legal defense that they may need to make if they are accused of malpractice by their patients. It is always going to be in physician's best interest to purchase malpractice insurance as opposed to trying to pay out-of-pocket, not only for their legal defense, but also for the tens or hundreds of thousands of dollars in damages that they may be forced to pay out. Malpractice insurance is basically divided into two separate categories. One category is a claims made policy. The other category is an occurrence-based policy.
It is essential that physicians understand the difference between these two types of policies so that they can guarantee that they are selecting the policy that is right for them and their circumstances. Opting for physician malpractice insurance is beneficial because it provides protection. An occurrence-based policy is designed to protect physicians from any incident that may have happen during the time that they had a particular insurance policy. So basically what this means is that if a physician has an insurance policy that went from October 1, 2012 to October 1, 2013, and an incident took place during that year, even if the malpractice lawsuit was made years later, this occurrence based insurance policy would still cover them.
 It would not matter when the claim was made. Claims made policy is designed to cover the physician for any claims that are made during the time that they had the policy. This means that if a doctor had a policy that went from October 1, 2012 to October 1, 2013, and during that timeframe an incident was filed, they would be covered by this insurance. if an incident took place during this period October 1, 2012 to October 1, 2013, but the incident was filed October 2, 2013 it would not be covered under this type of policy. For more details about different types of malpractice insurance such as such as surgeon malpractice insurance, refer the internet.
Obviously, this is just a basic overview of what physician malpractice insurance entails. There are many other policies that physicians can look into that will help cover them after their original policy come to an end. There are very few, if any, malpractice insurance policies that are retroactive. Questions that people have regarding malpractice insurance can be answered by professional malpractice insurance agents such as those found at Physician malpractice insurance 360.
Contact Information:
Address: Florida, Us
Phone: 877-212-4368
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Url: http://physicianmalpracticeinsurance360.com

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