Medical Malpractice is a legal cause of action that occurs when a medical or health care professional deviates from standards in their profession, thereby causing injury to a patient.
Claims-Made policies cover claims for incidents that occur while your policy is in effect and are also reported while your policy is in effect. Typically are offered with stepped premiums(which mature at 5 years), have a retro-active date, and require a substantial tail premium(150%-200%) when cancelling the policy.
Occurrence policies cover claims arising during the policy period irrespective of when the claims are reported. Typically policies may be cancelled(in writing) without the purchase of a tail.
Consent to Settle is a coverage option where discounts are offered to policy holders who grant the insurance company the right to settle any claims made against the physicians without his/her written consent.
Should you retain the right to settle?
Why or Why Not?
ERP(Extended Reporting Period) is generally known as tail coverage. ERP provides protection for medical malpractice claims that are reported after the provider's policy expired or was cancelled. ERP is attached to a Claims Made Type Policy.
If you're told you need to purchase tail coverage, contact us prior to purchasing on your own. We've developed several mitigating strategies that may offer you better options.
Policy termination provisions and tail coverages should always be reviewed by a medical malpractice insurance expert.
Telemedicine is considered the remote diagnosis and treatment of patients by means of either telecommunications or video technology.
Does your current policy completely cover you for providing Telemedicine services to patients?
Your state, specialty, claims history, along with many other negotiated factors will ultimately determine your annual premium.
Example: Higher Risk Surgical Specialties will typically pay more than Internal Medicine Physicians.
We help you quickly sort through your coverage options thus keeping you focused on seeing more patients and growing/expanding your practice.
Are Billing Errors & Omissions as well as Recovery Audits of concern, contact us to immediately take corrective actions and better understand your Medicare RAC defense options.
Recovery Audit Contractor(RAC) audit insurance helps protect your practice if an audit uncovers any billing errors or omissions. We've developed strategies and insurance programs that will help you defend your practice, help fund a legal defense, and assist with fines and penalties(not including fraud or abuse).
We help you review the practice's existing group medical malpractice insurances & the individual medical malpractice coverages for both the physicians and the allied staff. Upon discovering any potential coverage gaps and missing discounts with your existing insurance company, we efficiently negotiate to get you the preferred coverages at lower rates.
We help you secure insurance for your doctors, whether you're a small group of 5 to 10 physicians within one specialty or a diverse healthcare team across multiple locations and/or states. We help design tailored risk management programs for hospitals and large groups, and will help you find the right professional liability insurance coverages while saving you time and money.
Please take a moment to drop us a line to discuss how we can help you find solutions.
Physicians & Surgeons - We can help you quickly determine if you are paying the correct price for your specialty.
No need to switch - We have years of experience helping provide additional savings with your current insurance company and have advised many of your most respected colleagues.
We benchmark your premiums using our proprietary data analytics tools to review coverages and reduce premiums.
Find out exactly how much you can save today using our easy Quick Quotes services
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