Malpractice policies are in place for when the unexpected happens to a physician who performed a service. The physician is accused liable for an error or omission in their professional capacity. Thus, a claim is made against the physician and the malpractice policy is designed to provide the financial means for a defense and possible indemnity. It’s the “in between” the claim and the coverage that causes all the confusion. The devil’s in the details, as they say…
There are many aspects of a malpractice policy. All of which could have implications and some that deserve more attention. A few examples are:
- Policy forms – claims-made, claims-made plus or occurrence (and the many options within, including prior acts, full prior acts, retro date inception, hammer clause, consent to settle, etc.)
- Type of company – physician-owned, stock companies, mutuals, admitted, non-admitted, rated or not
- Distribution channel – independent agent represented or a direct writer (in some cases a company does both)
There are many decisions to be made, but just the “devils in the details” above warrant having an insurance adviser that has working knowledge and wisdom, along with your trust.
As a medical professional your job is to ensure proper care of your patients’ health needs.
As a boutique provider of Medical Malpractice Insurance services our job is to care for all of your insurance needs, from the most common policies to innovative new levels of protection, insulating your practice and your personal assets from overzealous litigation.
Medical Malpractice Policies for:
- Surgery Centers
- Imaging Center
- Urgent Care Center
- Miscellaneous Health Care Facilities
Commercial Insurance Coverages:
- General Liability
- Worker’s Compensation
- Other assets
Employment Practices Liability (EPLI):
Employment-related litigation is on the rise. A comprehensive Employment Practices Liability Insurance (EPLI) can help protect you from claims by employees. Read more…
Post Payment (RAC) Audit Insurance:
Be prepared for aggressive auditing techniques with this vital new coverage. Read more…
Go beyond traditional coverages with a policy that covers you for the loss or theft of vital patient data. Read more…