Insurance Issues

Which Physician Specialties are at the Highest Risk for Malpractice Claims?

In 2017, JAMA Network published their findings on the physician specialties who paid the most in malpractice claims from 1992 to 2014. Their analysis was based on data from the National Practitioner Data Bank and includes almost 20 million physician-years of data, characterized by physician specialty, with all dollar amounts being adjusted to 2014 dollars. …

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Benefits of Working with an Independent Insurance Broker

Captive and Independent Brokers      When looking for medical malpractice insurance, there are two types of brokers or agents a medical professional can work with: a captive insurance agent or an independent insurance broker. The difference between these two is that a captive agent works FOR an insurance company while an independent broker works WITH many …

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Common Malpractice Issues for Pediatricians

Diagnosis in pediatrics can be difficult when treating infants and young children who are unable to cooperate. Therefore, it is not a surprise that Pediatrics is one of the most high risk for claims in comparison to other medical specialties, as most parents are very protective of their children. Common Malpractice Issues The most common …

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6 Types of Medical Professionals That Should Consider Occurrence Coverage

Young Doctors Flexibility for changes that will affect their career Easy to change coverage in case of selling practice, moving out of state or joining a hospital No tail coverage necessary Recruiters More convenient for large groups that have changes in rosters Doctors who leave the group are covered for their time when they worked …

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RRG’s & Insurance Carriers

A Risk Retention Group (RRG) is an owner-controlled insurance association authorized by the Federal Government that, in essence, writes their own liability insurance. They are typically established during periods of time where malpractice insurance company premiums tend to be consistently high across the board. They are an alternative to medical malpractice insurance, but are bound …

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Medical Malpractice Cases Shape Malpractice Insurance Programs

There is a public misperception that the majority of medical malpractice lawsuits are aimed at physicians. But the reality is that in some cases, multiple defendants can be named in a lawsuit by attorneys seeking larger punitive damages than might be obtained from a single defendant. That means any healthcare professionals—pharmacists, nurses, counselors, physical therapists—can …

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Know the Difference Between Business Liability and Malpractice Insurance

The best way to differentiate between business liability insurance and medical malpractice insurance is to examine the who’s and what’s of your coverag. Business liability insurance, often referred to as general liability insurance, should be carried by every business. The insurance protects a company from  property damage and personal injuries that occur on the premises. …

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