Medical malpractice insurance provides protection against the financial burdens that can arise from medical malpractice claims, focus on their patients rather than worrying about potential legal issues. However, the cost of malpractice insurance is not the same for all providers. A significant factor that influences the rates for malpractice insurance is the individual’s or group’s
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The Importance of Medical Malpractice Insurance for New Healthcare Providers
Whatever your medical specialty and regardless of when you begin your professional career, you need medical malpractice insurance. Why spend the money on insurance premiums when you have a long list of other expenses? Let’s talk about why new healthcare providers (and experienced ones, too) need this all-important coverage. Have You Ever Been Sued? Frankly,
READ MOREWhat are the Risks of Not Having Doctors Liability Insurance
Doctors Liability Insurance…what is it, and what are the risks of not having it? So often, insurance brokerages make understanding and obtaining doctors’ liability insurance more difficult than necessary. In this article, we will look at simplifying what it is, why you need it, and how we can help you obtain it. To start, insurance
READ MOREHow to Choose the Right Type of Malpractice Insurance
Finding the cheapest medical malpractice insurance policy is easy to do, but it is not the smartest way to go about choosing the right type of malpractice insurance. There are several factors to consider when choosing the right type of insurance for your practice. Physicians and surgeons, office administrators, and healthcare professionals should look for
READ MOREWhy Every Doctor Needs Medical Professional Liability Insurance
Medical Professional Liability Insurance or Medical Malpractice Insurance is a term thrown around the healthcare world. You are told you need it. You are told you don’t want to be caught without it. But have you ever wondered about the true benefits of having medical professional liability insurance? In this article, we will look at
READ MOREMedical Malpractice Insurance-What Every Healthcare Professional Needs to Know
When there is a case of patient injury due to medical error, misdiagnosis, professional negligence, etc., medical malpractice insurance comes into play by protecting the financial assets of a healthcare provider. While some specialists are sued more frequently than others, every physician should carry the best coverage possible. Let’s learn more about this insurance and
READ MOREMedical Malpractice Insurance Rates Continue to Rise
For more than a decade, medical malpractice insurance rates fell year after year from 2006 to 2018 and then remained flat for a historic length of time. Prior to that “Soft Market,” physicians had a difficult time finding insurance that they could afford. The medical malpractice insurance market is cyclical and will continue to fluctuate
READ MORETen Essential Facts About Medical Malpractice Insurance
Looking for a quick guide to help you understand Medical Malpractice Insurance? Whether you’re a physician, Nurse Practitioner, office manager, or hospital administrator, it’s helpful to have information available as you look to renew your current medical malpractice insurance or start a new practice. Below are 10 Essential Facts About Medical Malpractice Insurance you need
READ MORETypes of Medical Malpractice Insurance
There are two different types of medical malpractice insurance: claims-made and occurrence. Each type has its own benefits and drawbacks, so it’s important to know which one is right for you before you purchase medical liability coverage. Let’s explore the differences between these two types of medical insurance, and where you can go for assistance
READ MOREWho Pays the Highest Rates for Medical Malpractice Insurance?
Physicians and medical practice administrators always want to know what medical specialties pay the highest rates for medical malpractice insurance. While rates vary by the insurance company, geographic area, and individual claims history, the general rule of thumb is that physicians that perform higher-risk procedures pay higher premiums. These higher-risk procedures include surgery, delivering babies,
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