1. insurance purchased by physicians and hospitals to cover the cost of being sued for malpractice; - Example: "obstetricians have to pay high rates for malpractice insurance"
WordNet (r) 3.0 (2006):
malpractice insurance
n 1: insurance purchased by physicians and hospitals to cover
the cost of being sued for malpractice; "obstetricians have
to pay high rates for malpractice insurance"