“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
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Why Do You Need Malpractice Insurance For Telemedicine?
Protecting yourself from liability is one of the most important things you should do as a physician when changing your practice or starting to provide an additional service. Thanks to modern technology, patients who cannot physically visit their doctor can now receive diagnoses, treatment advice, and prescriptions via telemedicine. This raises an interesting question –
READ MORETelehealth is a Medical Malpractice Insurance Risk
Practicing medicine online through video chats or by phone call is risky. Although the COVID-19 pandemic accelerated the use of Telehealth into prominence in the last few years, it still has inherent risks that need to be avoided, reduced, or insured against. The main concerns are medical malpractice claims for undiagnosed or misdiagnosed conditions, HIPAA
READ MOREMedical Malpractice Insurance-What Every Healthcare Professional Needs to Know
When there is a case of patient injury due to medical error, misdiagnosis, professional negligence, etc., medical malpractice insurance comes into play by protecting the financial assets of a healthcare provider. While some specialists are sued more frequently than others, every physician should carry the best coverage possible. Let’s learn more about this insurance and
READ MOREMedical Malpractice Insurance Rates Continue to Rise
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
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 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
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