Is Physician Assistant Malpractice Insurance a Necessity?
As the Baby Boomer demographic ages into its senior years and the Affordable Care Act gives millions of previously uninsured people new access to healthcare, the role of the physician assistant is only due to grow. Money magazine tagged this career as one of the Top 10 Best Jobs in America, forecasting a 30 percent growth through 2020.
According to the American Academy of Physician Assistants, a “PA” takes a leading or collaborative role in many clinical procedures. He or she may conduct physical exams, diagnose and treat illnesses, order and interpret lab tests, assist in surgery, provide education and counseling and make rounds in hospitals and nursing homes. PAs are also allowed to prescribe medications in the United States.
With that much responsibility, it’s only logical that a PA should be covered by physician assistant malpractice insurance. A recent white paper cited physician assistants as part of an allied healthcare group at “an increasing risk of being named in lawsuits alleging malpractice.” As the whitepaper notes, the most common malpractice claims against PAs include inadequate examination, lack of physician supervision, delayed referral to a consultant and failure to diagnose.
Misdiagnoses or incorrect treatment from a PA can lead to millions in damages – and even if the malpractice suit is decided in the defendant’s favor, the resulting bills can be devastating.
Physician Assistant Malpractice Insurance: Beyond your Employer’s Insurance
As a physician assistant, you may believe you are covered through the malpractice insurance carried by your employer. However, malpractice policies don’t always provide complete coverage for employees, and most plans are designed with the employer’s interests first. Physician assistant malpractice insurance is designed to protect the PA.
Specifically, physician assistant malpractice insurance provides protection tied to:
- Court costs associated with the suit
- Defense fees
- Judgments and damages
For peace of mind, check with your employer to learn if you are adequately covered for malpractice suits. If you are not, then an individual physician assistant malpractice insurance policy can be a financial lifesaver.
Finding Physician Assistant Malpractice Insurance
Getting individual malpractice coverage can spell the difference between financial security and the risk of bankruptcy.
Finding the right policy need not drain you of time. Since 1999, Insurance Innovations has worked leading insurance carriers to provide affordable, dependable liability policies to cover healthcare providers, including malpractice policies designed specifically for PAs.
Call Us Toll-Free: 888.871.9096 or contact Insurance Innovations online to speak to the team of experienced insurance consultants.