The number of medical malpractice claims in Ohio has been falling in recent years, thanks to legislation enacted in 2004. In fact, the state of Ohio experienced a total of 3,019 medical malpractice cases in 2013. Approximately one in four of these cases closed with a payment made to the claimant. The average amount of money paid to claimants who received a payment was $376,679. This amount doesn't include the payments made to Ohio.
Although the risk of medical malpractice claims in Ohio has been decreasing, the cost of malpractice insurance premiums remains high when compared to other states. However, doctors are not able to avoid these costs, as the state requires all doctors and hospitals to carry medical malpractice insurance before they can practice. Furthermore, the risk of failing to purchase medical malpractice insurance is high, given that a single claim can cost millions of dollars if the plaintiff is successful in court. Even if the plaintiff is not successful, you will still find yourself paying exorbitant fees.
Having medical malpractice insurance is not only required by law in Ohio, but it also provides you with peace of mind. With this insurance protecting you, you know that you can practice medicine without worrying that an isolated mistake will cost you your life savings. If a claim does arise, your insurance will help you pay for some of the best medical malpractice lawyers Ohio hs to off, and it will cover some or all of any indemnity payments awarded.
Here at MedMal Direct, our clients can expect to have direct access to their medical malpractice insurance carrier. Because our clients have this direct relationship with us, they are able to enjoy a much simpler malpractice insurance experience. We also offer some of the most extensive malpractice coverage on the market. For more information or to obtain a quote, contact MedMal Direct's Ohio medical malpractice insurance representative below.