Policy Prescription

Policy Prescription How healthy is your clients’ medical professional liability coverage?

Policy Prescription How healthy is your clients’ medical professional liability coverage?

 

The 1374 trial of Stratton v. Swanlond was history’s first-ever recorded medical malpractice case. Back then, the plaintiff received 40 English pounds: worth about $38,000 (US) today1. In contrast, medical malpractice suits now cost the healthcare sector upwards of $35 billion with one out of every 14 doctors facing a suit every year2. The world has become more litigious since 1374—and chances are your healthcare clients are dangerously underinsured.

To cover the costs of lawsuits/settlements associated with patient accidents or allegations of negligence, talk to your clients about all the different critical coverages available.