Malpractice insurance, also known as medical malpractice insurance is something that is not always talked about. If you are an optometry student, take the time to know about this subject as one mistake could seriously affect your career in the future.
Everyone working in the medical field holds the heavy responsibility of ensuring the patient’s good health and contentment. It’s a challenging job and plenty of things can go wrong along the way. Even a single error can cost you a lot of money, or even your license and career. These days patients won’t hesitate to file a suit if they experience even the slightest dissatisfaction.
If you are an optometrist and planning to open your own clinic, there are so many things to do and consider. But do not forget to buy business insurance, as this will protect you from different lawsuits that may potentially happen.
There have been an increasing amount of lawsuits over medical malpractice, and many of these trials are won by the patients. In the US alone, the awards given to the plaintiffs in medical malpractice cases are 16 percent higher than the awards won in other misdemeanor trials. Due to the high amounts of penalty awarded to patients, medical professionals may get into a financial risk. However, it’s something that a medical malpractice liability coverage can help them with.
Starting a practice is hard work and there are many factors that needs to be considered and safety is one of them. Safety is important because your business will have people working for you that you need to protect. Nobody is willing to work in an unsafe environment and you don’t want to risk putting anyone’s life on the line.
All Optometrists know that eye exams should be an essential part of anyone’s health check-ups, especially after reaching the age 40. But there are many things patients can do to keep their eyes safe every day. In between examinations, here are some easy ways you can protect your eyes every day:
Every doctor needs trusting patients, experience, knowledge and of course a medical degree. But there’s one other thing doctors need to back up all those other elements: Medical Malpractice Insurance. It’s crucial, and here’s why.
Be a Businessperson AND a Doctor
Owning a business is a full-time job and so is being a doctor. Many doctors who own their own private practices make the mistake of only being one or the other. If you’re too focused on running the business it’s easy to miss out on making sure you provide the best possible treatment to your patients. And if you’re too focused on being a doctor you might not be for very long if you can’t keep the business in the black.
With the growing number of cyber threats nowadays, one of the most popular additions to insurance policies has been Cyber Liability Coverage. There is always a possibility of your network systems being hacked or one of your laptops being stolen, and these things may cost you a lot. Being a physician always comes with risks, and dealing with a breach of your clinic and practice may be a part of it.