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
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Medical Malpractice Insurance for NPs, PAs, CRNAs, and Other Ancillary Healthcare Providers
One of the most common questions physicians and their office managers ask is whether their Nurse Practitioners or Physician Assistants are covered by their Medical Malpractice Insurance. This is a good question to ask because you cannot assume that all policies will cover these mid-level providers, and you need to make sure coverage is in
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 MOREPediatrician Malpractice Insurance: Is It Necessary?
Medical malpractice insurance protects the financial assets of a healthcare provider in case of patient injury due to medical error, misdiagnosis, professional negligence, failure to adhere to the standard of care, and more. While some specialists are sued more frequently than others, every physician should carry the best coverage possible. If you’re a pediatrician, here’s
READ MOREWhat Kind of Medical Malpractice Insurance is Needed for a Telemedicine?
The COVID-19 pandemic ushered in a new wave of Telemedicine practice in the United States, and with it came a whole new set of medical malpractice risks. Of course, Telemedicine had been available for years preceding the pandemic, but when stores and businesses were shut down, and people stayed home throughout 2020 – 2021, most
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,
READ MOREHOW 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 MOREWhy You Should Buy Medical Liability Insurance for Your Family Medicine Practice
The decision to buy medical liability insurance for your family medical practice is important, and the type of insurance, the insurance provider, and the level of coverage are all key. Also called “malpractice insurance,” this coverage is designed to help protect your career and your practice in the event that a patient files a lawsuit
READ MOREReasons to Have Malpractice Insurance
If it weren’t a requirement in order to have hospital privileges, would you still carry medical malpractice insurance? After all, there is no federal law requiring a physician or surgeon to have liability insurance, although some states do require it by law. The truth is that most healthcare professionals have this important coverage whether it
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