As a new physician getting ready to start your career, you may be wondering, “How do I deal with all of the details and paperwork related to my medical malpractice insurance?”
Yes, this important coverage can be confusing, but your qualified insurance specialist is always there to help. Organization is the key – making sure all necessary documents are kept in one place for easy reference.
In order to obtain medical malpractice coverage, the insurance carrier will ask you to complete a detailed application. Historical and current information will be required, which includes:
- A current Curriculum Vitae (CV)
- A copy of your current medical malpractice insurance policy declarations page (if coverage is already in place)
- Copies of your licenses
- Detailed information regarding any claims or settlements you may have had
- Addresses of current and previous practice locations
- Information regarding your corporation (if you have one)
- Medical education and training specifics – medical schools, internships, residencies, fellowships, continuing education, etc.
- All of your previous medical malpractice insurance carriers, including policy numbers, effective and expiration dates, your retroactive date and type of coverage (claims-made or occurrence)
For your records, it is recommended that you keep copies of all of this, as well as your applications, certificates of insurance, policies, and any endorsements (including extended reporting, or tail coverage, if applicable).
All of this may seem quite daunting, but remember, if you keep all this information handy from year to year, and work with a qualified medical malpractice insurance specialist it will be easy – and you can keep your focus on medicine, where it belongs!
