Abstract:
Medical professional liability insurance, commonly known as medical
malpractice insurance, is a cornerstone of modern healthcare practice. It serves
as a critical safeguard for physicians and other healthcare providers against the
significant financial and professional risks associated with medical negligence
claims. This article explores the multifaceted role of this insurance, tracing its
historical development, detailing different coverage types, explaining its neces-
sity for physicians, examining the regulatory landscape across various jurisdic-
tions, analyzing its economic impact, discussing current challenges, illustrating
its function through case studies, and considering future trends. Ultimately, the
article argues that while professional liability insurance is vital for physician
protection and the stability of the healthcare system, it also exists within a com-
plex ecosystem that requires ongoing dialogue about patient safety, accounta-
bility, and access to care
