For the second consecutive year, medical malpractice payouts increased over 4% from the previous year. After seeing a steady decline in medical malpractice payout amounts from 2003 through 2012, malpractice payouts started to rise in 2013 and continued to rise at a steady pace in 2014 – marking a trend
As a service to our clients and all physicians nation-wide, Diederich Healthcare has done an analysis of the medical malpractice payouts in 2014 as recorded by the National Practitioner Data Bank. Taking the data from the NPDB’s records, statistics were selected that will be both interesting and timely to doctors
Most physicians are aware of the importance of obtaining high-quality, comprehensive medical liability insurance. Although most states have basic minimum liability coverage requirements, some doctors do not understand the reasons that proper, individualized coverage is essential and how inadequate or sub-par policies can actually harm the physician, his or her
Most physicians will agree that their livelihood depends on the success of their practice. Although professional liability insurance will protect the insured from errors and omissions in their day to day patient contact, there are additional insurance options that will also protect against loss from many other unforeseen acts that
When physicians are faced with shopping a current professional liability policy or purchasing a new policy, they will be presented options from many different types of carriers that each has advantages and disadvantages. Often, the needs of the physician and his or her practice will lend itself to a specific
Depending on your current professional liability coverage program, your options for reducing your 2015 premiums could be limited. If you are one of the thousands of physicians in this situation, you may be liable for next year’s entire annual assessment unless you take action now. In some cases, you must
The majority of professional liability insurance policies today are written on a claims-made basis. That means you, the physician, are protected by the insurance company providing coverage at the time the claim is made against you. The other, less common form is an occurrence policy. This means you, the physician, are
The primary reason for purchasing malpractice insurance is to protect yourself from a financial loss in the event of a claim being filed against you. Therefore, your number one concern should be whether or not an insurance company is capable of properly defending you. Questions to ask your broker about
Perhaps you received a letter in the mail offering you cheaper coverage than what you currently have, but you are in the middle of your current policy period. Or maybe you just renewed with your current company and feel you may be stuck with that policy, even if you have
With the number of Physician Assistants projected to grow 39% by the 2018, the need for individual Physician Assistant malpractice insurance coverage is growing exponentially as well. While it is true that the supervising physician is responsible for the actions of their Physician Assistant, this does not absolve the Physician