Which type of insurance protects physicians’ personal and professional assets in case of liability?

Malpractice insurance is specifically designed to protect healthcare professionals, including physicians, from claims of negligence, errors, or omissions in the performance of their medical duties. When a physician is sued for malpractice, this type of insurance covers the legal costs associated with defending against such claims and any financial settlements or judgments that might result from a lawsuit. By having malpractice insurance, physicians can safeguard their personal and professional assets from potentially devastating financial repercussions stemming from litigation.

Other forms of insurance, such as life insurance or general liability insurance, do not serve the same specific purpose. Life insurance provides financial support to beneficiaries upon the policyholder's death, whereas general liability insurance covers a broader range of risks related to business operations but does not specifically address claims arising from medical malpractice. Tort insurance, while it might cover some legal liabilities, is not a standard term used in medical practice and does not specifically protect against claims for professional negligence. Thus, malpractice insurance is essential for physicians to ensure they are adequately protected in their practice.