Final answer:
The form of professional liability insurance that covers malpractice within the medical field is Medical malpractice insurance. It is designed for healthcare providers and covers legal defense and damages.
Step-by-step explanation:
The professional liability form that provides coverage for liability arising out of malpractice, error, or mistakes made in rendering professional services is known as Medical malpractice insurance. This type of policy is tailored specifically for medical practitioners and healthcare providers. It covers the cost of defending lawsuits related to their professional practice and can also provide compensation for damages awarded in a lawsuit.
In considering professional responsibility and liability, ethical and legal dilemmas often arise, such as whether hospitals or health-care workers should be held liable for strictly following a flawed procedure, or the extent to which manufacturers should be accountable if their medical equipment fails or is found defective. The government's role is to ensure that medical equipment and protocols are up to the standards required for patient safety and to act as a regulatory body in such cases.