Medical Malpractice News

31Mar, 2017

How much should you pay for tail insurance? The answer may surprise you

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While the high price of medical malpractice insurance premiums is enough to give most physicians sleepless nights, the problem can become even more pressing should you need to purchase tail coverage. In the past, it was common for tail insurance premiums to be anywhere from two to four times as high as standard malpractice premiums. However, this is no longer always the case, as many insurance carriers are beginning to offer a range of tail insurance options that ensure you have the coverage you need without having to fork over […]
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29Mar, 2017

The 5 most expensive and the 5 least expensive states for medical malpractice

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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 rates. Here are the best and worst states for malpractice insurance as of 2016.
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27Mar, 2017

Deducting medical malpractice insurance costs on taxes

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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.
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24Mar, 2017

Common exclusions for medical malpractice insurance

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Physicians save lives and assist people with the treatment they provide. However, patients who feel they are victims of medical mistakes and errors or low quality care sometimes file lawsuits against physicians, who therefore need to be covered by medical malpractice insurance. Medical malpractice insurance policies do not cover all types of medical mistakes and errors that a physician makes and often exclude some of the following.
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22Mar, 2017

How medical malpractice insurance liability limits vary from state to state

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Medical malpractice insurance offers financial protection to physicians and others in the medical profession when medical errors occur. Similar to other forms of insurance, medical malpractice insurance policies often include liability limits that cap the amount that insurance providers pay out in claims for insured parties during any given period. Liability limits vary from state to state because medical malpractice laws vary from state to state. States often require that physicians obtain policies whose liability limits conform to certain state requirements in order to satisfy possible claims in that state.
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