Malpractice Insurance and Medical Liability Insurance
 Malpractice insurance is insurance that professionals buy to protect themselves from the financial effects and costs of being sued. A malpractice insurer agrees, through an insurance contract, to investigate claims, provide legal representation, and accept financial responsibility for payment of claims up to a specified monetary amount during the policy period.
Even the most competent professional can make a mistake and should protect against that possibility and even Professionals who make no mistakes can be sued. Defending a malpractice lawsuit is often expensive even when the defendant wins. The costs include legal fees, expert witness fees, other expenses and, if a case is lost or settled, the payment. Health care professionals win most malpractice lawsuits, but the legal system rarely allows for the recovery of expenses by the winner. Since the cost of defence is high and a loss can be devastating, this insurance product is essential to every practice.
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