“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,
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The 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
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 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 MORENeurosurgeons and Medical Malpractice Risk
Because of the risks involved, neurosurgeons face higher medical malpractice costs than many other physicians. The field of neurosurgery includes both spinal and cranial disorders related to vascular disease, pain, brain tumors, epilepsy, movement and behavioral disorders and trauma. Neurosurgeons diagnose and assess these conditions, which most often require surgical repair. The goal of neurosurgery
READ MOREDo You Know What the Most Common Medical Malpractice Claims Are?
Many people think of surgical errors when they think of medical malpractice claims. However, that is not the only reason that patients file claims. Let’s review four common types of claims that are filed. Yes, surgical errors are the most common type of medical malpractice claim filed. The most common surgical mistakes include: Nerve damage
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
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