What is Tail Coverage? To understand tail coverage, you must first understand how a claims-made insurance policy works. A claims-made policy responds to claims based on when the claim is made against an insured, regardless of when the incident the claim is regarding occurred. This is important because if there is a claim submitted after …
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. …
Which Physician Specialties are at the Highest Risk for Malpractice Claims? Read More »
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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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 …
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 …
6 Types of Medical Professionals That Should Consider Occurrence Coverage Read More »
Eligibility When welcoming a new child or caring for an ill family member, individuals are now able to receive partial pay during their time off from work. To be eligible for paid family leave the employee must be using the time to either bond with a new child or take care of a family member …
From Anesthesiology to Urology, there are medical boards for just about every specialty available here in the United States, and they often do a great deal of good for the industry, including lobbying for positive legislative reforms, and providing conferences to display new breakthroughs.
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 …
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 …
Medical Malpractice Cases Shape Malpractice Insurance Programs Read More »
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. …
Know the Difference Between Business Liability and Malpractice Insurance Read More »
