The
very first thing to be considered in a case related to misconduct of
a professional practice is type of malpractice liability insurance
for which the accused health care personnel is insured and the limit
of the respective insurance policy. This is so because different
types of medical misconduct insurances and their respective liability
limits works differently.
Generally, there are tow main types of insurance coverages for which health care personnel have to medical malpractice insurance premiums. These are:
Generally, there are tow main types of insurance coverages for which health care personnel have to medical malpractice insurance premiums. These are:
- Claims-Made
Coverage:
Such
policies
cover policyholders for alleged acts of professional misconduct. The
malpractice insurance rates
of
this coverage
are low for the first few years. However, this insurance coverage in
organized in such a way that the insurance premium for these are
increased every year.
- Occurrence
Coverage:
Such policies provide cover for such medical incidents which have
occurred when the policy was in effect, regardless of the fact that
when the claim is being filed. In this insurance coverage the
insured pay premium as per medical malpractice insurance rates not
only for present-day happening but also for projected professional
misconduct. The rates of this insurance policy coverage may differ.
Its ultimate advantage is that neither projected nor happened acts
are required to terminate its insurance coverage.
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