Medical Malpractice Insurance | Smart, Fast, Friendly Digital Insurance Expert

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A majority of American physicians face at least one medical malpractice lawsuit in their careers.

Medical malpractice insurance is professional liability insurance for medical professionals. It helps you handle the high costs of defending against a lawsuit over your medical services and work, which may include:

Making an incorrect diagnosis
Failing to diagnose a condition
Prescribing the wrong drug or dosage
Making an error during treatment or surgery

Mylo compares quotes from top-rated business insurance companies to find you the right medical malpractice policy at the best value for your medical specialty.

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What types of coverage are available?

Mylo can help you customize a policy to your financial needs. The standard types of policies are:

Claims-made: Pays out if the policy was in effect when both the disputed treatment occurred and the lawsuit was filed
Occurence: Pays out if the policy was in effect when the disputed treatment occurred — even if the policy lapsed before the lawsuit was filed
You can also add tail coverage to a claims-made policy. This allows you to extend coverage for a specific amount of time even if you don't renew your policy.

Mylo can help you compare a range of affordable policies from top carriers – and make the best decision for your practice.

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What about lawsuits from data breaches?

Healthcare has been heavily hit by data breaches because of the value of confidential medical information. You may have to pay regulatory fines that are sometimes in the five figures.

Medical professionals are especially vulnerable to ransomware: a hacker shuts down the tech your client depends on for patient records, lab reports, radiology equipment and more — and won’t switch it back on until a ransom is paid.

Mylo can add the right levels of cyber liability coverage to help you:

Rebuild your network and replace lost income
Send notifications to patients
Compensate their losses and monitor their credit reports (required in some states)
Handle crisis management and public relations
Pay regulatory fines and legal costs

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Medical malpractice insurance FAQs

You know your practice, we know insurance.

What kinds of legal claims should I be preparing for?

A patient might sue you for diagnosing their condition incorrectly, for recommending the wrong prescription drugs or treatments, or for mishandling a surgery.

What if I did nothing wrong and can prove it?

You still need medical malpractice insurance. You will have to pay to defend your practice, which can add up fast. Even if a claim is thrown out (or settled out of court), you'll need an attorney to file paperwork and represent you.

What if I'm sued after my policy lapses?

There are two standard types of medical malpractice policies: Claims-made and Occurrence. An Occurrence policy that lapses will still pay out if it was in effect when the disputed treatment occurred. A Claims-made policy will not. But you can add tail coverage to a claims-made policy that allows you to extend coverage for a specific amount of time even if you don't renew your policy.

Does medical malpractice insurance cover cyberattacks and ransomware?

Not on its own. But a Mylo expert agent can equip you with the right levels of cyber liability coverage to handle the steep legal and regulatory costs of a breach.

I have general liability insurance. Why do I need medical malpractice too?

General liability covers injuries or property damage caused by your physical space or business operations. Medical malpractice protects you from lawsuits related to the medical services you provide.

What's the difference between medical malpractice insurance and professional liability insurance?

It's essentially the same. Medical malpractice is the name for professional liability insurance for medical professionals. Sometimes called “errors and omissions,” professional liability helps business owners handle the high cost of defending against a complaint about their professional service or work.

How will Mylo find me the right policy?

Mylo is a small business insurance expert who has been innovating insurance since 2015. We can quickly:

Recommend coverage customized to your business
Compare best quotes for workers' comp from top-rated business insurance companies
Find you the best combination of coverage and price.

Protect your healthy reputation with medical malpractice insurance