insurance

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

Common Pandemic-Related Questions About your Malpractice Insurance

Practices have been allowed by most major malpractice insurance carriers to be more telemedicine-based until the COVID-19 pandemic ends. These carriers have adjusted their internal underwriting guidelines to allow telemedicine services as long as they are related to COVID-19.

COVID-19:  How to Address Your Staff and Patient Concerns

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.

Key Points About Your Medical Malpractice Insurance Your Agent Should Tell You

Key Points About Your Medical Malpractice Insurance Your Agent Should Tell You

Medical Malpractice Insurance covers physicians’ and healthcare professionals’ liability arising from disputed services that result in a patient's injury or death. Searching for Medical Malpractice Insurance in 2020 can sometimes be challenging but finding the right broker or agent is paramount in the proper mitigation of your practice’s liabilities. Here are some key points about your medical malpractice insurance quotes that your agent should tell you.

Ways in Which Telemedicine Protects Practices and Patients

As we continue the fight against the spread of infection of COVID19, telehealth visits are becoming an increasingly indispensable tool. Physicians are able to treat more patients without having to sacrifice the quality of care while also reducing the risk of spreading communicable diseases like COVID19. Additional benefits of using telemedicine services include providing patients with easier access to care, providing efficiencies as well as flexibility in schedules.

Claims-Made, Occurrence Made, and ERP Medical Malpractice Insurance Policies

Policy forms include the claims-made, occurrence, and claims-made convertible. Typically, most policies are an occurrence made policy. However, due to a large number of claims and inflation of premiums in history, the insurance market created a policy form to reduce the burden of risk but also reduce premiums, which is the claims-made policy form. There are some caveats to be aware of which will be laid out in this blog with a healthcare-focus.

Improving Diagnoses In These Areas Can Reduce Malpractice Claims

A recent study found that improving diagnoses in three areas could help improve patient mortality rates, thus reducing malpractice claims. The main goal of this article was to identify the diseases that cause the most serious harm when the diagnosis is missed. The top three are cancer, vascular events, and infections.

Mistakes To Avoid When Dealing With Medical Board Complaints

Medical malpractice suits are the primary concern of the majority of physicians today. However, what they all may not be aware of is that a medical board complaint can be just as detrimental to their income and can even end their careers. Therefore, it is crucial to make sure that the complaint is handled in the appropriate manner and to avoid making the following crucial mistakes that can cost you, the physician.

Tips On How Physicians Can Prevent Data Breaches

Between 20016 and 2019, more than $20 million was paid out for HIPAA fines. Although some of these breaches were considerable enough to make the news, most practices cannot and should not take a breach of security lightly.

Shopping for Medical Malpractice Insurance in 2020 for Physicians

We’ve laid out some different ways you can search for commercial insurance in 2020. These methods can be utilized with most commercial insurance products. The goal is to give you a better understanding of your options.