If you are a doctor, malpractice lawsuits and coverage are the last thing you will want to discuss before undergoing surgery or having a medical operation. Malpractice gives us images of dentists pulling the wrong tooth, nurses hanging intravenous bags instead of antibiotics, and surgical tools left in a wound. While such mistakes happen there many successful surgical operations and process that take place daily. Patients are ever ready to sue their doctors and thus malpractice insurance cover for medical staff and hospitals becomes very expensive.
Medical coverage premiums are not the same for all doctors and this is attributed to three factors. The first thing that determines the amount of premiums is the kind of service the doctor or nurse provides. The higher the responsibility and risk it faces, the higher the cost their insurance will cost. This is why surgeons pay the highest premiums for malpractice insurance. On the other hand, the Psychologist Malpractice Insurance is still controversial since it is not a medical procedure. Psychologists assess, listen and set courses of action for their patient but they get sued.
The second determinant variable on the cost of psychologist malpractice insurance is the location. Practicing medicine in states where many lawsuits or claims are made against medical personnel will cost higher premiums than in those with lower percentages of lawsuits. Minnesota offers the cheapest medical malpractice coverage while such state as California, Nevada and Florida charge the highest.
The third factor seems to be the most realistic. If a hospital has several lawsuits brought against them, the cost of premium goes high. Regardless of your specialization in the medical field, malpractice insurance is a protection you cannot afford to practice without. Consult experts in psychologist malpractice insurance to get the best rates of the insurance coverage that you need.