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.