Malpractice Insights

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 w...

As a doctor approaches retirement, there are a variety of things on his “to-do” list to ensure that everything is wrapped up before he hangs up his white coat for the last time. Malpractice insurance is one of the most important things to consider in these later years.    In today’s episode we’re going to give you a check-list of the KEY things you need to be considering BEFORE you retire, AT your...

If you’re looking for proof of your medical malpractice insurance, there are 2 key documents that you’ll want to be familiar with in order to show that you’re covered – your Certificate of Insurance and your policy Declaration Page. But what exactly are these documents? How do you read them? And why are they important?   In today’s episode we’re going to teach you all about these important forms s...

Tail insurance can be a huge financial burden for healthcare providers when they cancel their malpractice coverage. But did you know that you can earn FREE tail insurance with most carriers? In today’s episode we’re going to give you 5 ways to earn free tail insurance on your malpractice policy.  We’ll go over the most common reasons that carriers issue free tail and I’ll give you 2 lesser-known w...

Receiving a letter of non-renewal from your malpractice insurance company can be incredibly stressful and frustrating. And often it comes out of nowhere. So why do malpractice policies get non-renewed? What factors does an underwriter consider when determining whether or not to keep a risk on the books?   In today’s episode we’re going to give you the 6 reasons why a malpractice insurance policy m...

Malpractice insurance is one of the top expenses for a healthcare provider. And it’s one of the most important things they can buy to protect their good name... and their bank account. But you might be curious to know - which doctors pay the most for their insurance and which ones pay less? In today’s episode, we’re going to talk about how doctors’ malpractice insurance premiums are calculated and...

Sometimes tail insurance can feel like a ball and chain for a healthcare provider – and for good reason. It’s an expensive, yet critical part of ensuring your long-term protection against malpractice claims.   Many times tail can feel like a huge hurdle for doctors who are considering making a change with their malpractice coverage. In fact, some doctors feel handcuffed to their current insurance...

In order for a hospital or potential employer to get you credentialed, they need to know about your malpractice claim history. And a common way for them to pull this information is to request a claim history report or a loss run on your behalf. But what exactly is a claim history report or a loss run? Where do you get them? What information is disclosed? And why is it important for a doctor? In to...

Malpractice insurance is one of the top expenses for a practicing healthcare provider. But when it comes to actually paying for the coverage, there are a variety of ways that it can be done.   In today’s episode we’re going to talk about the 4 different individuals and/or entities that can be responsible for paying for malpractice insurance – along with the advantages and disadvantages of each. Ar...

So, you need to get malpractice insurance. You get a few quotes for options, but how do you really know which malpractice carrier is best? Unless you’re an expert in the malpractice field, it can be difficult to know what carriers are even available… and which ones should you really be looking at for your personal protection.   In today’s episode, we’re going to give you the 10 key things to look...

There can be a variety of reasons why a healthcare provider needs to cancel their malpractice insurance. But did you know that there’s a RIGHT way to make those requests? And a WRONG way? In today’s episode we’re going to be talking about cancelling your malpractice insurance. We’ll give you 3 tips on how to cancel your malpractice insurance the RIGHT way and how to avoid penalties.  PLUS we’ll ta...

Many healthcare providers struggle to understand the difference between Occurrence and Claims-Made malpractice 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 we’re going to show you 3 real-life examples of Claims-Made and Occurrence quote options for various healthcare providers acro...

It can happen… you forget to pay your malpractice premium or your office manager makes a mistake, and all of a sudden it’s 6 months later and you realize that you have no malpractice coverage. You’re accidentally bare. Now what?   In today’s episode we’re going to talk about what you should do if you find that your malpractice insurance has lapsed and you’re uninsured. We’ll give you the immediate...

The malpractice insurance market uses a lot of acronyms, confusing terms, and other lingo that can be hard to understand if you’re not an industry insider. One of the items that doctors frequently stumble over is the concept of retroactive coverage. So, what exactly is it? What is a policy retroactive date? And why do you need to know about it? In today’s episode we’re going to explain what a malp...

If you’re an employed physician, it’s likely that your malpractice insurance is being provided for you by your employer. But while it might seem convenient for your insurance to be taken care of, there may be limitations in your malpractice policy that you are not aware of. We often get questions from doctors who want to know – should I have more than 1 malpractice policy?    In today’s episode we...

Like most insurance companies, malpractice carriers are known for their paperwork – applications, statutory notices, invoices, 100-page policies… it can be a lot and can easily overwhelm your filing cabinet. But when a claim hits or you need to go back and figure out which insurance carrier you had for “that one locums assignment” a few years ago, you’ll wish you kept your malpractice records in b...

We’re often asked by residents and fellows how soon should I start looking for malpractice insurance? While you don’t want to start the process too soon, there are advantages to kicking things off early to get an idea of how much it’s going to cost you, what kind of coverage you need, and how soon you can get your proof of insurance.   In today’s episode we’re going to give you an overview of the...

When it comes to medical liability laws and culture, where you live (and practice) does make a difference. But what is the best state to practice medicine in? And what states should you avoid?  Today we’re going to talk about malpractice environments across the United States and give you 5 key things to consider as you’re looking for a place to work or potential states to expand your practice into...

In every state, the "statute of limitations" sets a limit on the amount of time a patient has to file a malpractice claim against a healthcare provider. If the plaintiff does not file a lawsuit within this deadline, they lose the right to sue for medical malpractice relating to the incident in question. There are, however, a few exceptions to this rule that are often missed by doctors. ...

A lot is happening when physicians are looking for their first professional position. They are finishing training, taking their boards, and trying to decide where they may want to live and practice medicine. But as overwhelming as that may be, it’s incredibly important that you do your due diligence as you decide which practice is the right fit for you - and make sure you know how you'll be p...

Since the spring of 2020, as the world braced itself for the unknowns of a global pandemic, the Medical Professional Liability market has been holding its breath to see how COVID-19 will affect healthcare liability in America. Shortages of PPE, inadequate testing capabilities and overrun hospital emergency rooms painted a frightening picture for all of us.  So where are we now? What is the true im...

Medical malpractice laws can vary widely from state to state, particularly as it relates to statutes of limitations, the legal process, liability, and damages. And if you are a doctor practicing in the Hoosier state, you know that Indiana is one of the most doctor-friendly states to practice in – but it does have it’s complexities.  In this episode we’re going to talk about the Indiana Medical Mal...

From time to time, it may become necessary for a physician to take a leave of absence from their medical practice. It could be due to an illness, maternity leave, military leave, going back for additional training, or simply taking an extended vacation. Regardless of the reason why, it’s important for you to plan ahead and make the necessary arrangements with your practice for your time away. So,...

If you’ve ever had a malpractice application declined or had coverage non-renewed, it can be worrisome and frustrating. But, don’t worry... It happens. And in today’s market, there are coverage solutions for nearly every situation -whether it's rebuilding your practice after a licensure issue, recovering from several adverse claim events, or looking for insurance for a unique type of practice...

Today we're digging into medical specialties to help you understand how your rate is calculated and what you need to know before you ADD or REMOVE procedures from your practice so that you can scale your practice with confidence. 📖 For the BLOG covering this topic, visit: https://www.aegismalpractice.com/malpractice-insights/2019/7/31/understanding-medical-specialty-ratings-and-procedure-cha...