Insurance News

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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What is Informed Consent?

            Most medical procedures involve a degree of risk for patients, for that reason it is important that doctors inform patients about the risks and potential side effects that can arise from a medical procedure. Informed consent in medicine is the process by which a physician fully explains a medical treatment or procedure to a …

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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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How Should Pediatricians Handle Anti-Vax Parents?

               Misinformation Regarding Vaccines Misinformation regarding the science behind vaccines has spread like wildfire over the past few years, causing many parents to question if they should have their children vaccinated. The number of children going unvaccinated in the United States has unfortunately led to the return of viruses that were previously thought to have …

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Professional Liabilty Insurance for MediSpas

Medical Spas, or MediSpas, require unique insurance coverage because they are a part of both the medical and beauty industries. Due to their unique situation, MediSpas need both a Business Owners Policy and malpractice insurance coverage. A BOP is necessary to protect the company from liability from day-to-day operations while malpractice insurance provides coverage for …

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Occurrence and Claims-Made Insurance Policies: What’s the Difference?

Claims-Made Claims-made coverage responds to claims based on when the claim is made against an insured. For example, if a claim is made in 2012, based on treatment rendered in 2010, the 2012 claims-made policy responds, as long as the incident occurred after the policy’s retroactive date. The policy’s retroactive date is the date after …

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Why Doctors in Hawaii Should Take a Closer Look at MedPro

Who is MedPro?              For most doctors, facing a claim is not a matter of “if” but a matter of “when”. As such, medical malpractice insurance should be considered a commodity. MedPro is a leader in the medical malpractice insurance industry with over 200,000 doctors insured today. A Berkshire Hathaway company, MedPro has …

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Walmart Offering Telemedicine Visits to Employees for $4

In an effort to increase employee’s use of telemedicine, Walmart has recently reduced the cost of telemedicine visits for its employees by 90%, from $40 to $4. With these low costs, Walmart is hoping to convince the over a million employees enrolled in Walmart’s Associates’ Medical Plan, to begin using telemedicine more frequently.     …

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