I'd say your avg OBGYN gets legit sued once a year. And goes to trial maybe 1 in 5.
How do they stay in business then? My understanding is that doctors fight malpractice suits as hard as they do because a black mark on their record makes malpractice insurance too expensive to keep the practice going.
Layers. This lawsuit will take down one business entity, in all likelihood. The others they associate with will not be liable, and I don't think anyone can be personally. Don't get me wrong. This is bad. But it is not unexpected to anyone that's in the business.
My understanding is that doctors fight malpractice suits as hard as they do because a black mark on their record makes malpractice insurance too expensive to keep the practice going.
I didn't know that. My experience of most of them is that they settle. I don't know the terms, but I know a lot of times settlements in general include no admission of wrongdoing.
I can certainly see people being uninsurable. But I don't know of any. Basically, any award in a case related to infants would bankrupt any practice. It's always millions of dollars, and like I say they don't just have that laying around. People aren't gonna spend the rest of their life paying off a debt. What happens is the liable entities get liquidated and then GL.
How do they stay in business then? My understanding is that doctors fight malpractice suits as hard as they do because a black mark on their record makes malpractice insurance too expensive to keep the practice going.
Layers. This lawsuit will take down one business entity, in all likelihood. The others they associate with will not be liable, and I don't think anyone can be personally. Don't get me wrong. This is bad. But it is not unexpected to anyone that's in the business.
I didn't know that. My experience of most of them is that they settle. I don't know the terms, but I know a lot of times settlements in general include no admission of wrongdoing.
I can certainly see people being uninsurable. But I don't know of any. Basically, any award in a case related to infants would bankrupt any practice. It's always millions of dollars, and like I say they don't just have that laying around. People aren't gonna spend the rest of their life paying off a debt. What happens is the liable entities get liquidated and then GL.