Our Insurance Comparison Tool allows you to pick the policy that's right for you by comparing every plan offered by Canada's leading providers. Not sure where to start? Our Frequently Asked Questions can explain the basics of Medical Malpractice coverage
Compare Medical Malpractice Insurance Policies
Frequently Asked Questions(click to expand)
What Is Medical Malpractice Insurance?
These claims can come from a patient, someone undergoing treatment or a person in care, but with the rise of claims experts and solicitors targeting the medical industry, it is more important than ever for the healthcare industry to make sure it is protected against any potential claims made against any errors or omissions they may have caused.
Medical Malpractice insurance can also be referred to as Medical Professional Liability insurance or Medical Indemnity insurance.
Who Is Medical Malpractice Insurance For?
- doctors and GPs
However, there are many other healthcare or wellness providers who would also benefit from taking out a Medical Malpractice insurance policy such as:
- masseurs and physiotherapists
- psychologists, psychiatrists and counsellors
- care providers
- occupational therapists
- health and wellness centres
- tanning salons
- plastic surgeons
- weight loss clinics
- skin clinics
- independent health professionals
If you are providing a service that requires a physical assessment, diagnosis, treatment or rehabilitation then Medical Malpractice insurance is advised in case of any errors or omissions.
What Does Medical Malpractice Insurance Cover?
- errors or omissions during the course of professional duties
- misdiagnosis or failure to diagnose
- incorrect prescription or dosage
- unnecessary surgery or operating on the wrong part of the body
- delay in referral
- physical harm to a patient
- mental suffering of a patient caused during consultation or procedure
- pressure ulcers or bedsores
- lack of informed consent
For any claim is important to distinguish between a genuine negligent act and the dissatisfaction of the outcome of treatment from a patient.
Aside from the legal expenses there may be reputational harm caused to the healthcare provider which could cause a loss of earnings or financial loss for the company. Medical Malpractice insurance will also cover restoration costs to improve the reputation and image of company in cases of negative publicity or defamation.
Other potential legal costs range from damages awarded to the claimant as well as paying for further treatment and rehabilitation, as well as compensation.
Whether you are assisting with the treatment, rehabilitation or care of a patient or individual, if an act of negligence could result in an accident or injury then Medical Malpractice insurance will help cover the costs incurred if the patient sues.
What Does Medical Malpractice Insurance Not Cover?
- deliberate or reckless acts that disregard a patient’s safety
- illegal acts (like assisted suicide)
- misrepresentation on insurance applications
- sexual abuse
- hospital administration errors (for example if the hospital is liable for losing patient data)
How Much Does Medical Malpractice Insurance Cost?
We spoke to Michael Loeters, Senior Vice-President at PROLINK, about Medical Malpractice insurance.