what is your take on professional liablity or malpractice insurance
? Do you have your own? Does your employer provide ths for you?
Graduating in 18 days!!!
Aug 15, '02
The last I looked into it:
1) Your insurance company can decide to settle, whether you want them to or not, leaving the fact of a settlement on YOUR record.
2) Some insurance policies only cover you so long as you maintain them. That is, if you are insured for 1999 and 2000, but then drop your coverage in 2001, some policies will not cover you for claims filed in 2001 for incidents that occurred in 1999 or 2000, while other policies will. It would be wise to find this out before paying for a policy, unless you are sure you want to stay with the same company forever.
It is inexpensive, however, for the coverage involved, often $75-$90/year for 1 million dollars worth, depending on your State and specialty.
Last edit by sjoe on Aug 20, '02