When does a doctor need malpractice coverage and errors and omissions insurance?

M8 Insurance offers businesses with a full range of commercial insurance options in Salt Lake City, UT. The insurance a particular business requires varies by the type of business. Doctors, nurses, nurse practitioners, and others in the medical field need specific types of liability coverage. These include malpractice and errors and omissions insurance (E&O).

Malpractice vs. Errors and Omissions Insurance

All types of doctors require malpractice insurance, a common type of commercial insurance. Those who make medical devices, such as braces, Invisalign, prosthetics, etc., also need errors and omissions insurance.

Malpractice insurance offers liability coverage for accidental negligence that injures or causes the death of a patient. Every type of doctor needs malpractice coverage, from general practitioners to obstetricians to dentists to ophthalmologists.

Some doctors may also need E&O coverage on top of malpractice. E&O policies protect a business’s financial security from claims and lawsuits due to the malfunction of a medical device.

Medical device refers to a gamut of items ranging from Invisalign plastic braces to prosthetic limbs. A neurotransmitter that helps a paralyzed patient control a computer using thought falls under the medical device category, and so do the glucose monitoring patches used to measure glucose blood levels for diabetes management.

E&O insurance covers explicit malfunction of the device due to an error in manufacturing and omission of information by the manufacturer or medical professional that affects device performance.

Contact M8 Insurance Today

Contact M8 Insurance to determine whether you need malpractice, E&O, or both policies. Let M8 Insurance help you protect the financial security of your Salt Lake City, UT business.