Malpractice Insights

Today we’re continuing our Mail Bag segment with some more “real life” scenarios to talk through. We’re going to talk about what to do if a new employer failed to secure tail insurance for you, coverage options for a  healthcare franchise business, and what happens if a doctor doesn’t cooperate in a malpractice claim? ❗️❗️❗️FREE DOWNLOAD❗️❗️❗️ The Ultimate Guide to Understanding Claims-Made...

Without a doubt, the #1 question that we’re asked is – What is the difference between Claims-Made and Occurrence malpractice coverage?   Many healthcare providers struggle to understand the difference between these 2 types of insurance. How are they different? And when would a doctor choose one over the other? If that’s you – you’re not alone and we’re here to help!   In today’s episode I’m going...

If you’re buying your own malpractice insurance, you know first-hand how important it is to find a quality insurance policy WITHOUT breaking the bank. And once you’ve secured your coverage for the first time, it’s easy to just put things on autopilot… and set it & forget it. In today’s episode we’re going to talk about how OFTEN you should be shopping around for malpractice insurance – and why...

One of the biggest trends in healthcare is cash-based practices… Direct primary care, concierge medicine, and other types of medical practices that are opting OUT of the payor system. This approach allows healthcare providers to spend more time with their patients and less time dealing with red tape. So how does this affect your malpractice insurance? Are there any benefits to going cash-only? Are...

Today we’re continuing our Mail Bag segment with some more “real life” scenarios to talk through. We’re going to talk about transitioning a moonlighting policy into a full time private practice policy, new to practice credits and discounts, and whether or not it makes sense to shop around if you’ve already earned a free tail.  0:49 Transitioning from moonlighting to private practice 3:13 Discounts...

Using an agent to get your malpractice insurance up and running is a smart way to begin your practice. But what happens if you start the quotation process and you realize you've picked the wrong agent to begin with? In today's episode we're going to talk about how to switch agents even if you are in the middle of getting your insurance set up for the very first time. And at the end...

If you’re a healthcare provider who is just starting out, or you’re looking to make a career change and need to buy your own malpractice insurance, you might be wondering HOW LONG it takes to get malpractice quotes. When should you start the process to make sure you can get the proof of insurance you need?  In today’s episode, we’re going to talk about how long it takes to get malpractice insuranc...

When a doctor is considering making a change to his or her malpractice coverage, the issue of tail nearly always comes up. Unless you are insured on an Occurrence policy form, tail insurance is something you’ll need to consider as you modify your coverage year by year.   But, let’s say your current malpractice insurance just isn’t meeting your needs anymore and you want to shop around… Or, perhaps...

Today we’re continuing our Mail Bag segment with some more “real life” scenarios to talk through. We’re going to talk about finding malpractice insurance options after a large claim payment, moonlighting during  fellowship and transitioning to full time private practice, and switching agents mid-quote process. 0:53 What are my options if I've already had a large claim payout? 4:52 How do you...

If you’re buying your own malpractice insurance, you know how important it is to find a quality insurance policy WITHOUT breaking the bank. And, of course, the best way to do that is to shop around. But how many carriers should you get quotes from to ensure that you’ve got a good handle on the market? And does it matter what kind of carriers they are? In today’s episode we’re going to unpack this...

A solid malpractice insurance agent is an integral part of the business of medicine. These industry experts can help you shop around, understand your coverage options and manage your policy. They’ll save you time and bring their expertise to help you make sure you’ve got the RIGHT policy at the BEST price. But what happens when things start to sour? Maybe your agent used to do a good job, but they...

We talk a lot about Occurrence vs. Claims-Made coverage on this podcast – and rightly so. It’s the #1 question that we get from doctors and it can take a little while to really understand the differences. But today we’re going to dive into a specific nuance of this discussion and that is… what is the difference between Occurrence and a Pre-Paid tail? Let’s unpack this topic together.  ❗️❗️❗️FRE...

Today we’re continuing our Mail Bag segment with some more “real life” scenarios to talk through. We’re going to talk about leaving hospital employment and making sure you have tail, comparing rates for telemedicine states, and practicing bare – essentially without insurance. 0:52 Will the hospital really cover my tail insurance if I leave? 3:14 How does telemedicine coverage work if I'm prac...

So, your malpractice agent has brought you quotes for both Occurrence and Claims-Made coverage options. How do you know which one is right for you? This is Episode #2 of a 2-part series on how to choose the right type of malpractice insurance and today I’m going to give you 5 reasons why Claims-Made coverage might be right for you.  ❗️❗️❗️FREE DOWNLOAD❗️❗️❗️ https://www.aegismalpractice.com/...

So, your malpractice agent has brought you quotes for both Occurrence and Claims-Made coverage options. How do you know which one is right for you? Well, this is going to be the first of a 2-part series on how to choose the right type of malpractice insurance and today I’m going to give you 5 reasons why Occurrence coverage might be right for you. ❗️❗️❗️FREE DOWNLOAD❗️❗️❗️ https://www.aegism...

Today we’re continuing our Mail Bag segment with some more “real life” scenarios to talk through. We’re going to talk about tail insurance for advanced practitioners who are covered under a group, what kind of malpractice coverage you need when you’re taking over a practice, and coverage options for direct primary care.  0:54 Tail insurance when leaving a group policy 4:35 Coverage options when ta...

Today we’re talking basics… what exactly IS medical malpractice? And how does a judge and jury determine if you’re guilty of it? Today we’re going to answer 4 common questions that healthcare professionals have on this topic so that you can know what elements of proof need to be established in a case, what’s expected of you, and how you can protect yourself. For the BLOG on this topic, visit: http...

Tail insurance is that necessary evil that comes with having a Claims-Made malpractice insurance policy. It’s expensive, yet critically important to ensure your long-term protection against claims. But what happens if you forget to buy the tail? Or if you were promised a tail by a previous employer, and they dropped the ball? In today’s episode we’re going to tell you what to do IMMEDIATELY upon d...

Do you need to buy malpractice insurance in 2023? If you’re a resident or fellow who will be finishing up training this year OR you’re an established practitioner looking to make a possible change, we’ve got some tips for you as you start the process of shopping around for your medmal coverage. As the market continues to evolve, you need to be positioned to make the best choice so that you can get...

In today’s episode, we’re going to do a quick question and answer session and I’m going to share some reflections on the malpractice market in 2022. After 20 years in the industry, no 2 years have ever been the same. And this year is no exception. 0:50 How does 2022 compare to years past? 3:39 Medmal trends in 2022 5:52 How are malpractice insurance carriers evolving? 8:18 Where does medmal need t...

Today we’re continuing our new Mail Bag segment with some more “real life” scenarios to talk through. We’re going to talk about what questions you should be asking potential employers regarding the type of malpractice coverage they’ll be offering you, how to find a more competitive policy option when you’ve had previous insurance lapse, and how to choose between Occurrence and Claims-Made coverage...

If you’re joining a practice or working for a hospital or large health network, your options for malpractice insurance will be limited… you’ll just get the same coverage as everyone else in the group. But if you’re practicing on your own, YOU get to call your own shots. This can be both empowering and a little intimidating. What kind of policy should you get? How do you make sure you pick the righ...

When you’re shopping around for malpractice insurance, price is always a key consideration. In fact, it’s usually the FIRST thing doctors look at when they’re given multiple quotes from different carriers. But beyond price, what ELSE should you be looking for in a quality malpractice insurance policy? If the rates are relatively similar, what makes one option better than another? And is there ever...

Buying medical malpractice insurance can be a time-consuming, frustrating process. There are many different companies to choose from, policy types to understand and coverage nuances that can make it difficult to really know if you’re getting the best coverage at the best price. So, often doctors will work with an agent to help them compare options in the market. And the more agents you work with,...

Today we’re continuing our new Mail Bag segment with some more “real life” scenarios to talk through. We’re going to talk about a situation where a doctor got STUCK with an unexpected tail obligation, how to successfully hire self-employed providers, and key considerations when you’re just starting private practice after fellowship. 📱RELATED EPISODES📱 How to Successfully Negotiate Tail Insurance...