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The increasing number of accounting malpractice lawsuits strengthens the need for accountants to purchase liability insurance. Focus must be given on the negative impacts that malpractice lawsuits entail in terms of cost and time lost in the tedious process. Practicing accountants are advised to give emphasis on client communication and ensure efficient monitoring of all engagements, to eliminate the risk of being charged for malpractice. The most effective way of protecting accountants from the financial constraints of defending malpractice lawsuits is to avail of liability insurance., 'Going bare' - operating without liability insurance - may seem like a simple business decision. However, a careful review of the risks involved may make you sit up and take [...]

The medical-legal tort system that awards malpractice claims may be very inefficient and prevent plaintiffs from receiving much of the monetary award. Researchers calculated the actual amount spent on the medical-legal system in the largest medical center in the U.S. and related it to the total income and expenses. Medical-legal system costs were over 6% of the center's total annual income. Only 12% of the original amount claimed by plaintiffs was awarded to them. The other 88% went to attorney fees and administrative costs. High malpractice costs have led doctors to practice defensive medicine.

Physician misbehavior--and its grave potential impact on medical malpractice insurance costs and patient safety--drew the strongest response in a survey of the 15 physician executives serving as the first Modern [...]

The current system in Britain for compensating victims of medical injury depends on an assessment of negligence. Despite the sporadic pressure on the government to adopt a 'no fault' approach, [...]

As employers become more involved with managed care, their exposure to malpractice liability increases, experts say. To offset this risk, employers and managed care plans are implementing tougher credentialing criteria [...]