Is a doctor’s insurance company the only source of financial compensation in a medical malpractice lawsuit that is settled out of court?

If a single doctor (not the hospital) is involved in a medical malpractice lawsuit and is insured for $1MM, is that the maximum amount the plaintiff can receive if the doctor settles out of court? Or can the plaintiff’s attorney attempt to obtain additional compensation through the doctor’s business or personal assets?

Asked on March 7, 2012 under Malpractice Law, New Jersey

Answers:


IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although AttorneyPages.com has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.