Every doctor trains hard to provide the best care possible. But things don’t always go according to plan. When a patient or their family is dissatisfied with a medical treatment or outcome, a lawsuit is often the result.
Medical malpractice lawsuits can happen to anyone, including physicians-in-training. When a malpractice incident occurs, any organization or professional involved in treatment may be named in the lawsuit, meaning that even if you weren’t directly involved in an incident, you may still need to hire a lawyer.
Most medical students know that they will eventually need to obtain malpractice insurance to protect against malpractice risks when they begin their careers. But what many don’t know is that malpractice insurance is also available to physicians-in-training. In fact, many teaching hospitals and clinics now require it.
In partnership with AMSA, Lockton Affinity developed the Academic Medical Professional Insurance Program (AMPI) to help protect students against the risk of a lawsuit while meeting their malpractice insurance requirements.
Doctors and students have different needs, so malpractice insurance for doctors-in-training works differently, too. To meet these needs, AMPI offers affordable short-term coverage to students participating in clinical electives, rotations and observations.
The program offers customizable short-term options from two weeks to two months and policy limits of $1 million per occurrence and $3 million aggregate, the standard requirement for medical students.
AMPI’s worldwide coverage starts as low as $230 per month, with occurrence coverage that protects students from claims occurring during the policy period, even those brought after a rotation has ended.
Plus, thanks to the partnership between AMSA and AMPI, all AMSA members also receive a preferred rate of 10% off AMPI standard policy pricing.
To learn more, visit AMPIMedMal.com.
The Academic Medical Professional Insurance Program is administered by Lockton Affinity, LLC d/b/a Lockton Affinity Insurance Brokers LLC in California #0795478. Coverage is subject to actual policy terms and conditions. Policy benefits are the sole responsibility of the issuing insurance company. Not available in WI.
This electronic information is published by Academic Medical Professionals Insurance Risk Retention Group, LLC, a risk retention group, for educational purposes only and is not intended to be a solicitation or sale of insurance to any person not eligible for membership or in states where the risk retention group has not filed its registration as required by the federal Liability Risk Retention Act of 1986 (LRRA). Risk retention groups operate under the federal Liability Risk Retention Act of 1986 and provide insurance for the common liability risk exposure of eligible group members.
Policies issues by a risk retention group may not be subject to all of the insurance laws and regulations of your state. State insurance insolvency guaranty funds are not available for risk retention groups. This electronic information is intended solely to provide general information and is not intended to constitute legal advice. If legal advice is desired or needed, an attorney should be consulted.
