That's where medical malpractice insurance comes into play—a vital safeguard that ensures you have the necessary protection against potential risks. In this comprehensive guide, we'll explore the importance of medical malpractice insurance, what it covers, and the potential consequences of not having it.
Understanding the Increase in Medical Professional Liability Insurance Premiums
As a healthcare provider, having medical professional liability insurance is essential to protect you from potential litigation. The coverage provides financial assistance in case of malpractice claims or lawsuits. However, as you continue to renew your policy, you may notice an increase in your insurance premiums
Terms of Extended Reporting Periods, AKA Tail Coverage, to consider in your employment/independent contractor agreements for healthcare providers.
Having employees and/or independent contractors for your healthcare practice is vital to the success of your organization and the essence of providing care to individuals. Often with medical malpractice insurance, you can typically add additional mid-level and advanced-level providers to your policy as a physician or surgeon or even an entity policy.
Maturing Insurance Premiums and What to Expect for Medical Malpractice Insurance
Many clients tend to wonder why their premiums increase yearly over the first five years of having a claims-made insurance policy for professional liability insurance. I believe it is the duty of the agent who is servicing you to disclose to you the ramifications of claims-made policies written for professional liability insurance, specifically medical malpractice insurance.
How Technology Can Enhance Your Healthcare Organization’s Online Presence
Technology has become an integral part of our lives. We use it for entertainment, communication, and work. Technology can also be used to help enhance your healthcare organization's online presence. In this blog post, we will discuss how technology tools such as Calendly, Zoom, Jasper, Otter, and Mailchimp can improve your online presence and awareness.
How to Improve Accountability for Lost or Missing Patient Property
Opportunities of becoming a Medical Director and the business behind it
Physicians and surgeons have many opportunities to utilize their licenses and education in the healthcare space. Doctors have the opportunity to work hands-on in their specialty, the faculty in an educational setting as an attending physician, or even as a medical director providing administrative and or supervisory duties to mid-level and advanced-level practitioners.
CAPIA 2023 Annual Message from the CFO
Starting this year, I, Stephen Lim, CFO & Owner of California Attending Physicians Insurance Agency (CAPIA), will be releasing an annual message addressing our current clients and prospective clients, the state of the insurance marketplace, the state of our agency, and the future plans we have for our company and our clients
California’s New MICRA and How It Will Impact California Physicians
The Basics of Medical Malpractice Insurance in 2023
Medical malpractice insurance, also known as medical professional liability insurance, protects healthcare professionals from being sued for damages if they are accused of negligent medical care. The insurance covers the cost of defending the lawsuit and any damages that may be awarded to the patient.
How to Get Higher Cyber Limits When You Need Them the Most
If there's any term that strikes fear in the hearts of risk managers and many brokers alike, it's cyber. Not only is the landscape of cyber risk evolving and changing by the day, but comprehensive coverage against cyberattacks, ransomware, and other threats has gone from a nice-to-have add-on to a foundational part of enterprise risk management.
A Healthcare Professional Liability Forecast: Medical Services Sector
As 2021 comes to a close, I wanted to provide you with a healthcare professional liability (HPL) forecast for the medical services industry. The HPL space has been in a firming trend for nearly two years now, and that trend will continue. The next six to twelve months will be challenging, and Ethos is ready for it.
Common Pandemic-Related Questions About your Malpractice Insurance
COVID-19: How to Address Your Staff and Patient Concerns
As the COVID-19 pandemic spreads throughout the world, the level of uncertainty is constantly increasing. And while there is much to consider for medical practices, one particular area that requires extra attention during this time is the welfare of your staff and your patients. In a time of crisis like this, it’s important to remember and recognize the basic mission that the practice was created upon: To keep people healthy. This is one of the important things to keep in mind as you make any upcoming decisions.
