Professional Liability Insurance Explained

If you’re entering a new practice, you may be offered professional liability insurance as part of your benefits package. However, it’s well worth your time to scrutinize exactly what that policy covers. In the majority of cases, healthcare liability insurance offered as an employment benefit is claims-made coverage, which only protects you in the event that the same insurance company covered you at the time of the alleged incident and at the time the lawsuit was filed. If you are interested in more comprehensive healthcare liability insurance in Palm Beach, you may wish to take out an occurrence-made insurance policy.

Hear more about the different types of affordable malpractice insurance by watching this video. This certified financial planner explains the benefits of obtaining claims-made and occurrence-made insurance policies, and discusses the situations in which “tail” insurance can be helpful.

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