Medical malpractice insurance policies are all about details. This type of insurance, possibly more than any other, requires a physician, office manager or insurance broker who fully understands the product when compared to a simpler product such as life insurance. Knowing some of the finer details of medical malpractice insurance can not only keep your premiums lower, but
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Physician Shortage Puts Pressure on U.S. Healthcare System
A waiting room at a doctor’s office is full of patients. The Nurse Practitioner on vacation this week, the office manager squeezes in several unscheduled patients before Noon followed by a lunch meeting with the malpractice insurance broker. Meanwhile a pharmaceutical rep hovers in the hallway waiting for a signature, and the current patient in room
READ MOREWhat’s Next on the Affordable Care Act Timeline?
Your opinion of the Affordable Care Act (ACA) probably depends on what role you play in the U.S. healthcare system. Physicians and other healthcare providers seem to fear each and every new provision as it’s unveiled and are anxious about how to implement the requirements placed upon them. Hospitals are trying to stay ahead of the game
READ MORE4 Easy Steps for Physicians Applying for Malpractice Insurance
Admit it. Applying for medical malpractice insurance isn’t the most enthralling of chores a physician must complete each year. In fact, it can be quite a burdensome to those with limited amounts of time. Organization is key, and becomes quite helpful in limiting the amount of time consumed in the shopping and application process. Here
READ MORE8 Files Physicians Should Never Throw Away
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
READ MOREEverything Physicians Should Know About Tail Malpractice Insurance Coverage
Whether carrying medical malpractice insurance on your own as a private practice physician or as an employee of a group or hospital, tail coverage should be a top priority when considering any changes to your coverage. The topic of tail malpractice insurance coverage typically raises a few commonly asked questions from physicians: What is tail coverage? How many years
READ MOREThe Vicarious Liability of Physician Malpractice – Am I Responsible?
Could you or your business be held liable for someone else’s medical error or omission? Short Answer: Yes. This is called vicarious liability. What follows is an explanation of how you could be found vicariously liable for someone elses’s wrongdoing whether or not you have knowledge of the act and how you can ensure your protection against these often
READ MOREConsidering the Opportunity of Employment?
As an independent broker and advocate for the interests of the physicians I serve, the growing trend of hospital and health system employment is concerning and sad. With well over 20 years of being in the medical malpractice insurance business, I have witnessed this cycle repeat itself probably three times or more, usually with the same outcome. After years of
READ MOREFilling a Gap in the Pennsylvania Medical Malpractice Insurance Market
Don’t Get Stuck Between the Proverbial Rock & An Expensive Place Legislation mandates that a doctor must have continuous Pennsylvania medical malpractice insurance coverage in order to maintain an active license in the state of Pennsylvania. One of the main reasons for this is the state’s Mcare fund. The Mcare fund provides a portion of a physician’s
READ MORECoexistence of Risk Retention Groups and Admitted Carriers in New York
Part 1: Thoughts on the Types of Med Mal Carriers for an Introspective Insured If you have spent any time dealing with medical malpractice insurance in New York state, you know two things: First, New York is home to some of the most obscenely expensive medical professional liability insurance in the country. Second, there is a politically charged, financially
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