What is Professional Liability Insurance for Healthcare Professionals? Professional liability insurance, or malpractice insurance, is essential for healthcare professionals. It protects against lawsuits related to malpractice or negligence, covering legal fees, settlements, and judgments. This insurance ensures that healthcare providers can focus on patient care without the fear of financial ruin from potential litigation.

Independent healthcare contractors often require separate professional liability policies because an employer’s insurance might not fully cover them, especially when giving advice or care outside of work settings. Having an individual policy ensures personal assets are protected against claims that occur outside of primary employment.

Healthcare professional liability insurance typically includes coverage for property damage, HIPAA fines, license protection, lost wages, and defendant expenses. These coverages protect against a range of risks, ensuring healthcare workers can perform their duties without worrying about the financial impact of potential legal actions.