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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, Brownson Insurance Agency, Inc. 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. Brownson Insurance Agency, Inc. 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

Brownson Insurance Agency, Inc.

139 Albion St.
Wakefield, MA 01880
Main office: 781-476-5976
Fax: 781-245-3826

Office Hours:

Mon: 9:00 AM - 4:30 PM
Tues: 9:00 AM - 4:30 PM
Wed: 9:00 AM - 4:30 PM
Thurs: 9:00 AM - 4:30 PM
Fri: 9:00 AM - 4:00 PM
Sat: Closed
Sun: Closed

Byfield Insurance Agency, Inc.

147 Merrimac St.
Newburyport, MA 01950
Main office: 978-528-4787
Fax: 978-462-2880

Office Hours:

Mon: 9:00 AM - 4:30 PM
Tues: 9:00 AM - 4:30 PM
Wed: 9:00 AM - 4:30 PM
Thurs: 9:00 AM - 4:30 PM
Fri: 9:00 AM - 4:00 PM
Sat: Closed
Sun: Closed

Humphrey Insurance Agency, Inc.

147 Merrimac St.
Newburyport, MA 01950
Main office: 978-525-0296
Fax: 978-462-2811

Office Hours:

Mon: 9:00 AM - 4:30 PM
Tues: 9:00 AM - 4:30 PM
Wed: 9:00 AM - 4:30 PM
Thurs: 9:00 AM - 4:30 PM
Fri: 9:00 AM - 4:00 PM
Sat: Closed
Sun: Closed

Our Providers

Testimonials

Thank you so much for your assistance in explaining homeowners insurance when we bought our first house last month. Your help navigating through all our requirements the bank put on us was really appreciated. You made that part of the house buying process so easy. Brownson Insurance is lucky to have you working there. Thanks so much!!!
- EJ
How can I thank you enough. Your knowledge and professionalism is awesome. When my father told me to go to Brownson Insurance, I had no idea where he was sending me. That was fifteen years ago, two houses ago, at least four cars ago, and two kids ago. Thanks for going to the registry for me for this latest car swap. I really do appreciate your work with all my “stuff”.
- JH
I just want to say that after 30 years of dealing with Humphrey Insurance, I’m glad you’ve been there every step of the way. Your organization of my many properties insurance policies is refreshing. Especially in today’s world of automation, I love being able to pick up the phone and get a caring human voice on the other end. You’re the best! I hope your there for another 30 years.
- BL
How do you do it? You wear so many hats when it comes to my many insurance needs and I just feel like I needed to send you a note saying so. I know I can trust your advice when I seek it, and I do often. Cars, a house, kids driving, yikes. You’ve seen it all. Your advice is always spot on. Thanks for being there for me whenever I need you.
- JS