Commonly acquired by healthcare professionals, malpractice insurance serves as a specialized version of professional liability insurance. It provides a safeguard for those giving out medical advice, administering treatments, or making diagnoses, shielding them from potential negligence lawsuits initiated by patients. Essentially, if a patient alleges harm resulting from a healthcare provider’s negligence, this coverage mitigates the financial repercussions that could arise from ensuing legal actions.
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