What is the definition of malpractice insurance?

Answer Each time a health care professional is sued for malpractice, there is a minimum average cost of more than $24,000 associated with establishing a defense alone, reports the U.S. Department of Healt... Read More »

Top Q&A For: What is the definition of malpractice insurance

What is the average cost of malpractice insurance?

Malpractice insurance costs vary by state. In Minnesota, the lowest cost state, insurance starts at around $10,000 per year (as of 2010). In Nevada, the most expensive state, you may pay over $100... Read More »

What does malpractice insurance cover?

Malpractice insurance covers professionals like doctors or lawyers from damages in lawsuits caused by errors, negligence or omissions, reports the Insurance Information Institute. Each malpractice ... Read More »

What percent of health care is malpractice insurance?

The Congressional Budget Office states that malpractice costs account for about 2 percent of all health care costs, with malpractice insurance premiums accounting for about 0.5 to 1 percent of the ... Read More »

What is the average cost of malpractice insurance in georgia?

According to the latest data by My Medical Malpractice Insurance, five companies provide medical malpractice insurance in Georgia as of 2008. Depending on medical specialty, the practice setting a... Read More »