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
Cyber Liability and How an Insurance Broker Can Help
Cyber liability is the legal responsibility businesses and individuals can be held accountable for, for damages caused by data breaches and cyber-attacks. This can include expenses like credit monitoring, identity theft protection, and legal fees. It can also cover lost income if customers stop doing business with you because their personal information was compromised in a data breach.
How to Improve Accountability for Lost or Missing Patient Property
Necessary Types of Insurance for Doctors & Healthcare
When it comes to purchasing insurance, physicians tend to focus solely on professional liability insurance. This is understandable considering it applies to the risk that is most worrisome as well as it being the largest premium they will have to pay. There are, however, other kinds of insurance that can be just as crucial to protecting their assets and securing their practice. Physicians may not be aware of this but certain forms of coverage are required by law. Many practices do know what is required or needed until it is too late. Not all practices need every form of coverage but the following is a simplified guide to the most common types of insurance physicians purchase for their practices.
How to Deal with Work-related Stress as Healthcare Professionals?
The working days of physician and nurses are especially exhausting. It takes a lot of physical endurance to run in the hospital corridors and spend hours without eating or sleeping. Mental strength is also needed, as they must give their full attention to each patient, deal with extreme situations, and know-how to relate emotionally to people.
HELP YOUR BROKER HELP YOU
If you aren’t too familiar with professional liability insurance, you probably think that a broker and an agent are the same thing but you couldn’t be more wrong. Do you know that a “broker” works for the insured? He works for you! Did you know a “broker” has the insured’s best interest in mind? He wants what’s best for you!
6 Time Saving Tips for Physicians
One of the most valuable commodities for physicians and medical practices is TIME. It always seems like there is not enough time to ensure that patients are getting the care they need, the attention they deserve, that health and test records are logged accurately, etc. The following list includes six quick tips and strategies on how to provide patient care in the most effective manner possible.
Free Online CME Credit from California Environmental Protection Agency
Save Money and Time - Bundle All Your Coverages into a Multi-Line Healthcare Program
Medical Pandemic – A New Kind of Coverage for Hospitals
Hospitals and large medical institutions are always at a high risk of being exposed to an outbreak of a contagious disease due to the constant traffic of people with all kinds of illnesses. If a medical pandemic were to ever happen, the amount of revenue lost due to the interruption in business extra expenses could be too big a loss to bounce back from. This is where the new medical catastrophe “contagion” business interruption protection will be necessary.
E&O - Errors & Omissions Insurance - A General Reference
Is Your Private Practice Fully Covered?
Running a private practice includes the storing and using of personal and private data that includes things like emails, patient files, financial records, inventories, etc. Nowadays, with technology advancing so quickly, a risk of breach in the business network and private data is so high that private practices and doctors’ offices are now seeking out cyber liability insurance. This insurance can cover you in the following situations:
Changes Within the Medical Board of California That Can Affect You
Effective January 1, 2020, all physician applicants, regardless of which medical school they attended, will have to complete three years of Board-approved postgraduate training. For those residents who participate in a California approved postgraduate training program will receive a postgraduate training license created by this new law.
