Medical Malpractice Insurance can protect you in the event that a member of the public makes a claim against you. Do you work in the medical profession? Are you a doctor, surgeon, dentist, or vet? In other words you could be subject to claims against you. Generally this is for the work you have carried out.
Comprehensive Medical Malpractice Insurance can indeed cover you if a mistake happens. Firstly, you could get public liability insurance, so for example this could guarantee that you are protected should you face compensation claims. Secondly, a claim can cause reputational damage even if you are being unfairly blamed for mistakes or poor treatment. This insurance will mean your reputation is safeguarded and you can continue to work with confidence because there is a safety net around your business. Lastly, in the event that you had to go to Court, this insurance would mean that your Legal expenses are covered.