If you are a healthcare provider, you are likely at risk of being sued if you make a mistake while treating a patient. Even if you work at a hospital or other healthcare facility that carries a professional liability policy, you might also need to purchase individual HPSO liability insurance. Here are three signs you should buy a professional liability policy.
1. You Provide Support
Doctors and other primary caregivers are not the only targets of lawsuits. On the contrary, anyone who provides care – even if it is in a supportive capacity – could be sued for medical malpractice. While this list is not exclusive, the following support staff should probably have liability coverage:
- Therapy Aides
- Hospice Workers
2. You Don’t Have a Lawyer on Staff
Even if a court ultimately clears you of any wrongdoing, defending a medical malpractice lawsuit can be extraordinarily expensive. Most HPSO liability insurance policies cover legal and other fees associated with lawsuits.
3. You Have Assets
You may not think that you have enough personal, financial wealth to be the target of a lawsuit. That thinking is likely wrong. Plaintiff attorneys frequently file suits against defendants who have only small-value assets. Then, they often garnish wages following a settlement or jury award.
If you provide care to patients, you probably want to purchase medical malpractice coverage. By working with a competent provider, you can likely find an affordable policy to protect yourself.