The great thing about medical malpractice insurance is that it covers you whether a medical error was actually caused by you, or if you are simply dealing with a frivolous lawsuit by a patient. All you have to do is report the issue to your insurance company and let them handle it – so you
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HOW TO FIND THE RIGHT MEDICAL MALPRACTICE INSURANCE PROVIDER
In today’s litigious society, medical malpractice insurance is not a luxury, but a necessity for healthcare providers to protect their practice and professional reputation against claims alleging negligent acts that caused injury to patients. So how do you, as a conscientious healthcare professional, find an insurance provider who meets your specific needs? Here are some
READ MOREMalpractice Insurance: Best Option for Physicians
Did you know that most American doctors face at least one medical malpractice lawsuit in their career? Malpractice insurance can protect you from these lawsuits. Malpractice insurance is a type of insurance you purchase to protect your practice or staff from liability for practicing medicine. Medical malpractice insurance is vital and in the best of
READ MOREWhy Do I Need Malpractice Insurance Coverage?
Did you know that approximately 19,000 medical malpractice cases occur in the U.S. every year? Regardless of how professionally you conduct your healthcare practice, it is still susceptible to false – or, in some cases, legitimate – patient claims, which is why having medical malpractice insurance is a necessity. Let’s talk about why it is
READ MOREWhat Does Medical Liability Insurance Cover?
Understanding medical liability insurance isn’t as complicated as people may think. There are unique aspects of the policies that make them different from other types of insurance policies, but that doesn’t mean they are more complex. There are really only two types of medical liability insurance policies: Occurrence and Claims Made. There is only one
READ MOREHow to Save Money on Medical Malpractice Insurance: Three Tips
“Beware of little expenses. A small leak will sink a great ship.” Wise words from the man that also said, “A penny saved is a penny earned,” Benjamin Franklin. The problem for medical practices today is that it seems there are no “little expenses.” All businesses are faced with large expenses that continue to grow,
READ MOREThe 5 most expensive and the 5 least expensive states for medical malpractice
Medical malpractice insurance is a requirement for any kind of practice, but it can also have a massive impact on your earning potential. Many things can affect your insurance rates, including your specialty and type of practice. One of the biggest factors is where you live, since insurers use state averages to help calculate your
READ MOREDeducting medical malpractice insurance costs on taxes
Deducting medical malpractice insurance premiums depends on the nature of the taxpaying entity, the taxpayer’s income and the taxpayer’s relation to the insuring party. In general, self-employed physicians who are either owners of a practice or work as independent contractors face fewer difficulties when attempting to deduct medical malpractice insurance premiums on their tax returns.
READ MOREEvaluating 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 MORE5 Things to Know About Medical Malpractice Today
When it comes to Medical Malpractice, perceptions are almost always wrong. Myths and misconceptions promoted by trial lawyers hoping to gain new cases against physicians have given the general public the idea that there is some sort of medical malpractice crisis in the U.S., and that is simply not true. Most people believe that medical
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