Malpractice Insurance
Malpractice insurance is a type of professional liability insurance that protects professionals, such as doctors, lawyers, and healthcare providers, from claims alleging negligence or inadequate work. If a client or patient believes they suffered harm due to a professional's mistakes, they can sue for damages. Malpractice insurance helps cover legal fees, settlements, or judgments resulting from such lawsuits. This insurance not only safeguards the professional’s financial stability but also helps ensure that clients have a means of recourse if they experience harm due to professional error.
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Malpractice insurance is a type of coverage that protects professionals, such as doctors, lawyers, and accountants, from financial losses resulting from claims of negligence or failure to perform their duties effectively. If a client or patient believes they have been harmed due to a professional's mistake, they can file a lawsuit. Malpractice insurance helps cover legal fees, settlements, and damages awarded by the court, safeguarding the professional’s financial stability and reputation. Essentially, it provides a safety net for those in high-responsibility roles against potential errors and the legal repercussions that follow.