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Medical Malpractice Insurance

As a healthcare provider, you've spent your life working to help others—but if you make a mistake, you could end up facing a medical malpractice lawsuit. With the average jury award just under $800,000, medical malpractice insurance could be the only thing standing between you and having to close down your entire practice.

However, these cases can be difficult to resolve. As noted by the National Association of Insurance Commissioners, quite a lot of funding goes into investigating claims and determining whether or not malpractice occurred. If it didn't, then patients often have no basis for a lawsuit.

If a patient does have a basis for a claim, Desoto Moulton Insurance agents will work with you throughout the defense process to help cover losses in the event you're found liable for malpractice. Remember, there are no forms of medicine that are immune to malpractice suits. Whether you're a general practitioner or a dedicated specialist, there's always the chance of something going wrong, and more frequently, patients believing you did something wrong.

 

Medical Malpractice Coverage

Medical malpractice policies cover liability associated with any form of wrongful practice (intentional or not), with a particular emphasis on bodily injury, property damage, and medical expenses. They also cover defending against lawsuits related to these (many of which can take more than a year to reach a successful conclusion).

There are two major types of coverage:

·         Occurrence policies cover against losses that happen during the period that a policy was in force, since many people may not file suit for more than a year after the alleged malpractice incident. Once the suit is filed, it may take more than two years to resolve.

·         Claims Made policies cover any claims that are made during the time the policy is in force (and usually for a set period of time afterward, in the case of ongoing litigation).

A majority of malpractice cases can and will be settled out of court, without ever having to risk the high claims of a trial. Desoto Moulton Insurance agents try to work towards this outcome whenever they can—settlements rarely happen until late in the process, but they allow for lower payouts when necessary. This helps us keep your premiums low, and protects you from the anxiety (and interruption of your business) that a trial can bring.

Be sure you know which type of medical malpractice insurance you have and how long it covers you for, since this can determine whether or not you have any coverage at all if a suit is brought against you. If you're not sure how long you'll need coverage for, one of our agents can talk with you about your plans for the future and how much insurance you need.

1. Goguen, David. "National Medical Malpractice Statistics." MedicalMalpractice.com. Accessed April 20, 2016. http://www.medicalmalpractice.com/national-medical-malpractice-facts.cfm.

2. "Medical Professional Liability Insurance." Accessed April 20, 2016. http://www.naic.org/cipr_topics/topic_med_mal.htm.

3. "What Percentage Of Medical Malpractice Cases Settle Versus Go To Trial." Lawyer Locator. Accessed April 20, 2016. http://www.lawyerlocator.com/medical-malpractice/percentage-of-cases-settled-versus-trial/.

Our Locations

Chipley, FL Office

1314 Jackson Ave
Chipley, FL 32428
Main office: 850-547-2161

Arcadia, FL Office

243 N. Brevard Ave
Arcadia, FL 34266
Main office: 863-494-2242
Toll free: 800-329-2242

Coral Gables, FL Office

770 Ponce De Leon Blvd, STE 130
Coral Gables, FL 33134
Main office: 305-446-5800

Lakeland, FL Office

2411 US Hwy 98 N
Lakeland, FL 33805
Main office: 863-687-7137

Rockledge, FL Office

2025 Murrell Rd STE 130
Rockledge, FL 32955
Main office: 321-631-5800

Sarasota, FL Office

5483 Fruitville Road
Sarasota, FL 34232
Main office: 941-366-3322

Vero Beach, FL Office

947 20th Place
Vero Beach, FL 32960
Main office: 772-564-8322

Our Providers

Smart and Professional are the two words that describe this group. The entire staff is exceptional at what they do & knowledgeable in the industry.
Brittany A
I have had my homeowner's insurance with them for 6 or 7 years now, and I stick with them because of their great customer service. Whenever a company raises my rates, they cheerfully help me find a new company with the lowest rates. I have gotten quotes from other offices to compare, but always comes through with the best product. They are very friendly and professional. I am happy to recommend them!
Sandra M
Very satisified recieved the untimate respect and care from the staff. They were the cheapest best quality insurance.
Jackie R
I do appreciate the customer service and how they explained all my questions so I did understand the insurance process. It not easy for me to change from one insurance company to another and your company made it easier.
Maria G H
Anytime in my dealing with this agency has always been great! Everyone there has always answered all of my questions and more. They all are friendly and very helpful. I have been with them along time and will continue to do so.EVERYONE should have an Insurance Company that!
Cynthia O
Great rates and excellent customer service! These ladies and gentleman know their stuff! Very pleased with the way they handled all 3 of my personal policies.
Jackie B
Excellent experience! Great customer service!
Stephanie B