What is MALPRACTICE LIABILITY INSURANCE?

Insurance coverage for a doctor, surgeon, psychiatrist, psychologist, nurse, a hospital, other medical/healthcare professional or institution if guilty of dereliction of duty due to negligence or incompetence. Pays for the defense of the insured in lawsuits. Covers levied damages up to a specified limit. In contrast, other professionals, accountants, consultants, engineers, carry errors-and-omissions liability insurance or professional liability insurance.

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