All practicing healthcare providers need Professional Liability insurance! This is the case whether an individual is employed, self-employed in independent practice, or in training. Why? Because the cost of a malpractice claim could be so high that it could easily wipe out a lifetime of savings. Also, the cost of defending against a board complaint or government investigation, even if it is frivolous, could also run into tens of thousands of dollars. Professional Liability insurance (also known as Malpractice Insurance and Errors and Omissions Coverage) is the primary (if not the only) line of defense in protecting one’s personal and business assets, and for malpractice coverage, the devil is often in the details.
Disciplines currently covered by TRMS: