Loss insurance for malpractice, also known as medical malpractice insurance, is a type of liability insurance that protects healthcare providers from financial losses resulting from lawsuits alleging negligence or wrongdoing in their professional practice.
It is essential for healthcare providers to have loss insurance for malpractice because it provides financial protection against the high costs of defending against lawsuits, including legal fees, settlements, and judgments. It also provides peace of mind, allowing healthcare providers to focus on providing care without worrying about the financial consequences of potential lawsuits.
