When Non-Renewal Strikes (Part 2 of 4)

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 may be able to work it out with your carrier.  Since doing so is, of course, the best solution, in this section, we talk about some of the very first things to be done about this worrisome circumstance:

Step 2:  TAKE ACTION  IMMEDIATELY!  Here are two actions you should take as soon as possible if you receive a letter of non-renewal form your medical malpractice insurance company:

  • CONTACT YOUR INSURANCE BROKER, AGENT OR CARRIER REPRESENTATIVE.  Discuss your plan of action and lay out your options and expectations.  If you have a relationship with a trusted broker, this is simple.  If not, start asking around for recommendations to a good broker who specializes in medical malpractice insurance.  Of course, Presidio Insurance Solutions is such a independent broker and we are here to help with your needs.
  • APPEAL THE INSURANCE COMPANY DECISION IN WRITING.  Compose a simple, humble, letter of appeal and include any facts you want the company to consider.  Again discuss this letter of appeal with your broker who can guide you through this process.  Appeals are not usually overturned but it does happen in certain circumstances.

Medical Malpractice Insurance Non-Renewal Series
1. Part One
2. Part Two – VIEWING
3. Part Three
4. Part Four

NOTE: This is Part 2 of a 4-part article.  Check out the next installment, which talks about the steps to take to secure other coverage wisely if you find you’re unable to come to an amicable solution with your current carrier.

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