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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Ten 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 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 MOREIs Medical Malpractice The Same As Liability?
In today’s litigious world, there is no question that doctors and their medical practices need to protect themselves from possible lawsuits. Just one costly claim could have dire financial consequences affecting not only one member of your practice but the livelihood of your entire staff. When considering the right type of coverage for you and/or
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
READ MORECommon Causes of Medical Malpractice Lawsuits
Most medical malpractice lawsuits fall into a few categories, and the most common causes of litigation are well known. As a physician, avoiding a malpractice claim is not as easy as you might think. Nearly 50% of physicians over the age of 55 have been sued for medical malpractice. Good communication with your patients and
READ MOREeQuoteMD: What We Do as A Medical Malpractice Insurance Broker
According to an estimate, approximately 19,000 medical malpractice cases occur in America every year. This statistic shows that no matter how hard you try to be diligent as a healthcare provider, mistakes can happen. If a medical mistake happens when you are not covered by a medical malpractice insurance policy from a stable insurance provider,
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 MORETips on Finding Tail Insurance
What is all this talk about “Tail and Nose Coverage”? These are insurance industry terms thrown around by medical malpractice insurance brokers and underwriters, and they expect everyone to know what they mean. While insurance jargon can be confusing, the underlying concepts are not all that complicated. For now, we will just deal with “Tail
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