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Ai Insurance Organization

Malpractice Insurance Specialists

Malpractice Liability insurance is specialized for occupations in the medical field and lawyers to protect them consequences of malpractice lawsuits.

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Malpractice Liability Insurance

What Malpractice Insurance do you require: Medical, Nursing, Dental, Legal?

Similar to E&O insurance, Malpractice Liability insurance is specialized for occupations in the medical field and lawyers. If you’ve read the article on E&O insurance, you saw a hypothetical scenario that briefly covers some of the risk exposure a medical doctor might face, and why they should almost certainly have malpractice coverage.
However, doctors aren’t the only people who need malpractice liability coverage.

Other occupations that need this include dentists and lawyers.

Dentist Liability Exposures

Dentistry is meticulous work, and despite everyone’s best intentions, there is a bevy of things that can go wrong. Root canals or tooth extractions that cause unintentional nerve damage, poorly-fitted dentures, and even failure to refer patients for additional testing when there is evidence of a cancerous tumour found in the mouth. All these things are nightmares for both patients and their dentists.

Unfortunately, the risks posed by these scenarios are not limited to one’s health and well-being. They can also have dire financial consequences for dentists who fail to acquire the necessary coverage, along with a thoroughly-written policy. All of the aforementioned scenarios have recently resulted in six and seven-figure settlements awarded to dental patients.

It’s bad enough that these kinds of events inevitably weigh so heavily on your conscience, adding unneeded stress to your life. There’s no need for them to also impact the financial stability of you and your family. By taking the necessary precautions and visiting with an E&O Insurance specialist, you can make sure you are getting a policy that protects you from financial ruin.

Lawyer Liability Exposures

While not in the medical field, lawyers face a similar predicament when it comes to malpractice lawsuits. While some people might think lawyers automatically know all of the in’s and out’s when it comes to legally protecting themselves – they are legal experts, after all – that’s not necessarily always the case. There are many different types of lawyers, and depending on their specialization, they might not be well-versed in the finer points of malpractice law.

The most common type of malpractice lawsuit filed against lawyers is the failure to know and/or apply the law. While this is indeed a lawyer’s responsibility, it’s important to bear in mind the complexity of certain laws. Even the sharpest attorney is prone to making errors at some point during his or her career. Second on the list is planning error, followed by invalid discovery/investigation, failure to file documents, failure to the calendar, failure to know a deadline, and procrastination. Yes, procrastination is a valid malpractice claim.

This is just a brief list of the malpractice claims that lawyers can potentially have filed against them. Some of them, such as fraud, may not be covered by most policies. However, much of a practicing attorney’s risk for malpractice lawsuits can be reduced by obtaining comprehensive malpractice coverage.

Fortunately, most new lawyers are aware of this, and finding a company that offers the necessary protection is a high priority for them. If you are a lawyer and have been neglecting this, it’s important to take action as soon as possible. Even if you already have coverage, it’s worth looking at your policy and comparing it to other offerings to make sure you are fully protected, as well as paying a competitive market price for that protection.

With Ai Malpractice Liability Insurance, medical practitioners and lawyers will be covered from the consequences of malpractice lawsuits.

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