Whether it’s a change in employment, a move to a new state, or the sale of your practice, almost every doctor will someday need to evaluate malpractice insurance options. When these times are upon you, you may feel overwhelmed with making decisions in a time crunch. You still have patients
Location- location, location, location, is what you think of regarding real estate prices. Did you know that location is also one of the primary factors in how much a physician pays in premium for malpractice insurance coverage? Because each State has their own unique laws regarding tort liability, premiums can vary
On a daily basis, I receive inquires from physicians requesting quotes for their Professional Liability Insurance (malpractice). I am often asked, “Why is it that some malpractice insurance companies charge a premium that can be 25%-30% lower than my current policy?”. The assumption is that because some companies offer a
The Medical Malpractice Insurance Market has changed drastically in the state of Florida. Over the last few years, the following changes have created the landscape we see today: Florida’s largest Medical Malpractice Insurer, First Professionals Insurance Company is acquired by The Doctors Company. Medicus Insurance Company enters the Florida market Florida Doctors Insurance Company changes
Almost every month, I receive an email or call from a client that would like to inform me that their practice is growing. Their next question is almost always, “What do we need to do to add a physician to our policy?” Items to consider: Is your practice going to
The information on your policy declarations page and certificate of insurance are the factors that determine who coverage is provided to, how much coverage is allotted and how far back it will extend into your prior acts period. You will see various sections on your certificate of insurance (COI) including:
Over the last several years, the need for tail malpractice insurance options has increased dramatically. Even now, many physicians are unaware of how tail for your malpractice insurance policy works. By obtaining tail coverage or sometimes called an extended reporting endorsement, you are able to report claims to the insurance
As technology advances at an ever-increasing rate in the 21st century, opportunities are opening up for healthcare professionals to expand their reach and treat more patients than ever before. With a growing market of mobile medical apps, it is possible for a physician to schedule an appointment, view a patient’s medical
It is no secret that healthcare professionals are feeling a time crunch now more than ever. An increasing amount of patients seeking care coupled with a federal mandate requiring conversion to electronic medical records (EMR) means that physicians have to find ways to see more patients while also spending more
For decades, the claims-made policy form has been the leading choice for physicians’ medical malpractice insurance. Most individual doctors, group practices, and hospitals will someday feel the sticker shock associated with an expensive tail quote from their insurance carrier. “The good news is that they now have choices,” says Diederich