What is Malpractice Liability Insurance?
Professionals are expected to correctly apply their knowledge and skill to work they’re hired for. People are, after all, hiring them for their expertise and experience. Should they make a mistake, professionals may be held responsible for any injury or damage that their error causes. Malpractice insurance, helps protect Massachusetts professionals from lawsuits filed against them over mistakes that they make.
Malpractice liability insurance is a form of liability insurance that’s specifically designed to help protect professionals from covered lawsuits where they’re charged with making an error. When a client, customer or patient makes a covered allegation, a malpractice policy will typically pay legal expenses and settlements associated with the suit (as long as they don’t exceed the policy’s limits).
What Massachusetts Professionals Need Malpractice Insurance?
Malpractice insurance may be appropriate for any Massachusetts professional who would face severe consequences if they made a mistake while working. Some specific types of professionals that frequently purchase this kind of insurance are:
- Doctors and other medical providers
- Estheticians and other cosmetology professionals
- Tradespeople, contractors and others professionals in the construction industry
- Engineers (including all kinds of engineers)
- Certified public accountants and other professionals in accounting