Medical malpractice insurance provides protection against the financial burdens that can arise from medical malpractice claims, focus on their patients rather than worrying about potential legal issues. However, the cost of malpractice insurance is not the same for all providers. A significant factor that influences the rates for malpractice insurance is the individual’s or group’s
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The Cost of Medical Malpractice Insurance: Factors that Impact Premiums
Why is a medical practice’s overhead so high? There are many expenses that must be considered, but medical malpractice insurance is one of the highest. The cost of medical malpractice insurance can be a significant financial burden for many physicians and groups, impacting their practice’s profitability and overall financial stability. There are many factors that
READ MOREThe Relationship Between Medical Liability Insurance and Patient Safety Initiatives
Medication errors, poor surgical techniques, and ineffective communication within a team of providers can result in patient harm and medical malpractice lawsuits. Can standards of care be systematically improved to avoid patient harm and medical malpractice litigation? The answer is yes, and medical malpractice insurance professionals can work with healthcare providers and administrators to create
READ MOREThe Cost of Not Having Malpractice Insurance: Risks and Consequences
Even if you are not required by the law in your state to have medical malpractice insurance, is it wise to practice without it? Let us look at a few basic principles behind medical liability insurance and the risks and consequences of not obtaining coverage. You may be surprised at what you learn. Why Is
READ MOREFive Benefits of Family Practice Malpractice Insurance
Family practice physicians carry a significant patient load–on average about 2700 patients per provider. So, these doctors don’t need the added worry about malpractice claims. To keep focused on excellent patient care, family practice doctors should purchase the best malpractice insurance they can afford. Here are five benefits of having this kind of insurance coverage.
READ MOREWhy Neurosurgeon Malpractice Insurance is Worth the Cost
Neurosurgeons put themselves at risk every day in the operating room. When performing such complex procedures, it’s equally as important to have coverage in the event something goes wrong as it is to have the proper education behind you to carry out the procedure. Unfortunately, we can’t predict the future. We can, however, ensure that
READ MOREWhat Factors Affect The Cost Of General Surgeon Malpractice Insurance?
As a physician, you are no doubt aware of the importance of having malpractice insurance to protect yourself and your practice from possible lawsuits. However, not all malpractice insurance costs are the same. For example, rates for general surgeons tend to be higher than the average physician’s policy (although less than other surgical specialties, such
READ MOREWhat Kind of Malpractice Insurance do OB/GYNs Need?
“Medical Malpractice Insurance policies have become a commodity in the insurance industry, meaning that they are all about the same and there is not much difference in price from one company to the next.”This statement is not quite true. Actually, there are differences in the policies and the costs, and if you’re an OB/GYN, you
READ MOREHow To Get General Surgery Malpractice Insurance
General surgeons play an important role in health care, treating illnesses that can only be resolved with surgery. However, they typically offer high-risk care, which means they need medical malpractice insurance coverage to ensure their financial protection. The best way for surgeons to ensure that they are protected from the potential impact of a medical
READ MOREWhy Neurosurgery Needs to Be Covered by Malpractice Insurance
Did you know that 20 percent of physicians are sued for malpractice every year in the United States? In fact, about half of all medical doctors will be sued by patients at least once in their careers. If you’re a neurosurgeon, your chances of being sued are even higher than for other specialists. Let’s talk
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