To add insult to injury (and damaged reputation,) Dr. Smith receives a non-renewal (cancelation) letter from the RRG due to the $250,000 payout. In a panic, Dr. Smith finally calls Presidio for help.
The loss of discounts equates to $37,500 in additional premium costs for the new practice, and comes at a time when that new practice can least afforded it!
Only when the suit is filed does Dr. Smith realize there was no protection against litigation once they parted ways.
What to Do when Non-renewed for Medical Malpractice Insurance (continued) In the previous section, we covered Step 3 and Step 4, which examined finding other coverage, and examining that coverage to be sure it’s right for you. In this final installment, we’re looking at how best to pay for the new coverage, and looking at …
What to Do when Non-renewed for Medical Malpractice (Professional Liability) Insurance In the previous section, we discussed first steps to take, and how to attempt to resolve the problem with your current medical malpractice carrier. In this segment, we discuss Step 3 and Step 4, finding other coverage, and examining that coverage to be sure …
What to Do when Non-renewed for Medical Malpractice Insurance In the previous section, we discussed what a non-renewal notice is, and some of the causes why you may receive one from your medical malpractice insurance carrier. To reiterate, the first step was to determine why you were issued a Non-Renewal Notice. In some cases, you …
What to Do when Non-renewed for Medical Malpractice Insurance Medical malpractice insurance is vital to all medical practices. Most physicians and surgeons cannot afford to retain the liability created in the practice of medicine. Medical Malpractice insurance may even be mandatory in your state. So what happens when your traditional medical malpractice insurance company (such …
Insurance is a dynamic and sometimes complicated affair. You wouldn’t treat yourself for a disease, right? Likewise, it just makes (dollars and) sense to go to a professional for help with your practice’s insurance. The majority of physicians in Northern California and Oregon have traditionally purchased medical malpractice insurance directly from insurance carriers. Today’s physicians …
How To Lower Your Medical Malpractice Insurance Costs Read More »
Some insurance agents are just that — agents for a particular company. An independent broker can write a policy for any carrier, and that can mean big savings for the practice, facility or doctor when purchasing medical malpractice insurance. The independent broker is a licensed, experienced professional. His services are very valuable, but the client …
Independent Agents Cut Cost of Medical Malpractice Insurance Read More »
President Obama has called upon all citizens to rise to the challenges facing our nation. He has consistently said that the government can assist, but it’s up to us to make the necessary changes. Part of what it takes to make change is tightening the belt to pay for the witless excesses of the past. …
Trimming the Fat; Healthcare Changes We Can Make Read More »
