Medical malpractice insurance is essential for protecting a medical provider’s career and assets, but skyrocketing premiums or one-size-fits-all plans can leave practitioners worried about their bottom lines. To fix this problem, an increasing number of practitioners are turning to captive medical malpractice insurance companies, which let doctors create customized plans while protecting their assets and
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Evaluating the wording of a medical malpractice insurance policy
Malpractice insurance terminology is often daunting, even for seasoned medical professionals. If you’ve ever wished for a cheat sheet to help you parse a medical malpractice insurance policy, you’re in luck. Here we discuss common terms, red flags and types of malpractice policies to help you make informed decisions about your coverage options. Does the
READ MOREWhy a lump sum disability policy is a good idea for physicians
You’re at the pinnacle of your career as one of the best physicians in your area and your field of expertise, and your bustling practice treats plenty of patients who keep your doctor’s office busy every day. Then, out of nowhere, a car accident or other disaster leaves you unable to perform your most basic
READ MOREHow to decide what kind of medical malpractice insurance policy is right for you
Choosing your medical malpractice policy may seem dull, but it can be one of the most important career decisions you make. When even frivolous lawsuits can cost tens of thousands of dollars to defend yourself against malpractice suits, and awards can cost you even more staggering sums, insurance is an essential factor in your financial
READ MORE5 Medical Malpractice Facts You Should Know
As experts in the field of medical malpractice insurance solutions we here at eQuoteMD frequently hear a handful of the same questions and misconceptions voiced by our clients, and in the broader media. So we thought we’d take this opportunity to share a few facts about medical malpractice and malpractice insurance that may surprise you.
READ MOREWhat About Tail Coverage?
What Is It? Many healthcare professionals have questions about what medical malpractice tail coverage is and when it is necessary to have it. A simple definition of tail coverage or extended reporting endorsement is: A malpractice insurance rider or supplement to a claims-made policy that provides coverage for an incident that occurred while the insurance
READ MORE5 Mistakes to Avoid When Buying Medical Malpractice Insurance
Knowing what to do and what to look for is important when it comes to obtaining medical malpractice insurance. However, what’s just as important, is knowing what not to do, and what kind of common mistakes to avoid. So, here are some mistakes that we have seen doctors make that we hope we can help
READ MOREWhat Is Medical Malpractice Insurance? Do You Need It?
Medical malpractice is defined by legal-dictionary.com as, “Improper, unskilled or negligent treatment of a patient by a physician, dentist, nurse pharmacist or other health care professional.” In general terms, a physician will be held liable if his or her conduct fails to meet the “standard of care” provided by other doctors under similar situations. Many
READ MOREDo nurses need medical malpractice insurance coverage?
The answer may surprise you. Many nurses and nurse practitioners wonder if they should carry medical malpractice insurance. Most nurses are not covered under their own personal liability coverage, but the reality is that nurses can be sued just like doctors. In fact, a recent report published by the Nurses Service Organization (NSO) entitled “Nurse
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