Malpractice Insights

Across the country, malpractice insurance rates are starting to creep up little by little. And the reason for this (at least, in part) is due to a hardening market. So, what exactly is a hard market in malpractice insurance terms? And why does it matter to you? Today we’re going to unpack this topic and give you a simplified definition of a hard market PLUS give you some tips on how you can naviga...

Tail insurance is that necessary evil that you need to take care of after you’ve cancelled a Claims-Made policy. But the problem with tail is that it’s expensive – sometimes VERY expensive. So, often doctors will ask us about reducing the terms of the tail to keep costs down. But, this can be a dangerous proposition. So today we’re going to answer the question “How long do I need to carry tail ins...

This week I’ve talked to 3 doctors who are leaving their medical group and their tail insurance is a mess – promises broken, obligations to buy ridiculously expensive tail policies, and overall a very unhappy parting of ways. So how do you avoid this kind of nightmare in your practice? Well, today I’m going to give you 5 tips on how to successfully negotiate your tail insurance terms with potentia...

Today we’re continuing our new Mail Bag segment with some more “real life” scenarios to talk through. We’re going to talk about alternatives to tail insurance, how many carriers to look at when you’re shopping around, and whether or not you should change insurance while you have an open claim. ▶️RELATED EPISODE: What is Tail Insurance? https://youtu.be/hVAwirHxI1g ▶️RELATED EPISODE: Do I Need to P...

You’ve likely taken some risk management courses or received some general information on how to avoid a malpractice claim – in fact, we’ve talked about that here on Malpractice Insights a number of times. But today, I’m going to give you 10 Tips on how to prevent a malpractice claim – but these tips are coming from your peers… doctors just like YOU that have lived through their own malpractice law...

Nobody wants to pay for malpractice insurance unnecessarily. But sometimes providers find themselves in a situation where they may want to have a supplemental insurance policy to go alongside the coverage that they have for their full-time jobs. So, how do YOU know if you might be a candidate for supplemental coverage? Today we’re going to give you 3 reasons what you might need this type of policy...

One of the most common coverage requests that we’re getting these days is malpractice insurance for 1099 providers – folks who have decided to transition away from being a W2 employee and who want to work on their own. So, what are the coverage options for 1099 providers? How do you switch your malpractice insurance from employee to contractor? We’ve got answers for you today.  RELATED EPISODES ▶️...

Today we’re continuing our new Mail Bag segment with some more “real life” scenarios to talk through. We’re going to talk about how to get credentialed when you’re not planning on working for several more months, the best options for malpractice coverage when you’re launching a new partnership practice straight out of residency, and how to cover ancillary staff within your practice.  0:36 How do I...

Virtual care and telemedicine were trending in healthcare even before the pandemic. But now, in this post-COVID world, nearly half of all medical practices have either implemented some form of telehealth or are considering doing so in the months ahead. So… how do you add virtual care to your malpractice coverage? How do you ensure that you are covered for this new type of medicine? We’ve got the a...

A solid malpractice insurance agent is an integral part of the business of medicine. These industry experts can help you understand your coverage options and manage your policy… IF you find the right one. So, what should you look out for? Today we’re going to give you 5 signs that you MIGHT be working with the wrong malpractice agent… and how to pivot, if you need to make a change.  1:24 Sign 1 2:...

We do a lot of education on malpractice insurance itself – the different policy types, understanding tail insurance, what goes into making a rate and much more.  But for most of you listening, one of the most important things to know is how to AVOID a malpractice claim altogether. So, in today’s episode, we’re going to unpack this topic and give you the foundational elements of how to AVOID being...

How should you manage insuring short term opportunities? What is the best way to be covered for virtual work out-of-state? And how should I get insurance if I'm doing something part-time at a different practice? Today we answer these questions as we dive into the Aegis Malpractice Solutions Mailbag! *** To submit a question for the mailbag, visit https://www.aegismalpractice.com/ *** 0:35 Sho...

So, your malpractice insurance policy is coming up for renewal, but for some reason, the price is much higher this year than it was last year. Why is that? Did something change? Today we’re going to talk about the 3 reasons why your malpractice premium may have gone up. We’ll dig into the specifics of each case so that you can figure out what factors are IN your control and which ones are not. And...

You’ve probably heard a colleague or two talk about tail insurance. What exactly is it and how much does it cost? Is it something you really need to be concerned with?  In today’s episode we’re diving into tail insurance in a bit more detail. We’ll go over what it is, what factors go into the cost of tail insurance, and what you need to know before you buy it. Plus we have a cheat sheet for you to...

Healthcare providers need malpractice insurance to protect them in the event of medical negligence, but this insurance policy is more robust than most doctors realize. Beyond simply paying for claims and compensating injured patients, your medical malpractice insurance policy actually provides defense and reimbursement for a number of other things. In today’s episode we’re going to talk about what...

So, you’ve retired from the practice of medicine… but now you’re interested in coming back – either to fill in for a friend, to work part-time, or maybe to return to full time practice again.  What are your options for malpractice insurance?  What should you be looking for in a new policy?  And what happens to the free tail that you earned before?  In today’s episode we’re going to talk about how...

Malpractice insurance lawsuits can be expensive. Paying for attorneys, expert witnesses, court fees, and the actual damages for any losses against you can really add up. So, what is included in your policy? Does malpractice insurance cover legal fees? There’s one key question that you need to ask in order to ensure that your policy is covering you adequately. Curious to know what it is? Let’s go o...

Malpractice insurance applications are long and complicated, but today we’re going to walk you through it step by step.  We're going to show you how to fill out an application, what sections are most important, and what the underwriter is really looking for when they’re reviewing your information.  📖 For the BLOG on this topic, visit: https://www.aegismalpractice.com/malpractice-insights/how...

If you’re an employed provider working for a hospital, network, or other medical group, you’ve likely never had to buy your own malpractice insurance before. But if you decide that you want to start moonlighting, doing some locums or contract work, or perhaps you want to explore going off on your own, now you’ve got to buy your own coverage and figure it out FAST.   In today’s episode we’re going...

Considering making a career change? If so, today’s episode is for you. When it comes to medical malpractice insurance for healthcare providers, one of the most critical times for decision-making comes as you prepare to leave your employer. Who’s going to buy your tail insurance? What kind of policy do you need going forward? And how soon should you start investigating new coverage options?  Today...

In today’s episode, we’re going to talk about how long it takes to get malpractice insurance setup and what steps you should take to get yourself going quickly and easily. We’ve got an overview of the process for you and a HACK to get you credentialed right away, even if you’re still several months away from seeing your first patient. 📖 For the BLOG on this topic, visit:  https://www.aegismalprac...

While it doesn’t cost you anything to work with an agent, they must get paid somehow, right? Of course. And the answer is that they get paid a commission by the insurance carriers. So, how much commission does your malpractice insurance agent really make? And does it affect the cost of your coverage?   In today’s episode, we’re going to give you all the inside information on how malpractice insura...

Interacting with patients on a daily basis exposes you, your employees, and your practice to professional liability. And, while it’s pretty well-known that doctors and healthcare providers need to carry malpractice insurance, one of the most common mistakes that we see is forgetting to cover your medical corporation. In today’s episode we’re going to talk about malpractice coverage for medical cor...

To err is human… and yet, healthcare providers can still be blindsided when they’re hit with a malpractice claim or have an unexpected outcome after a case. It’s the last thing you want to deal with and it can certainly be a blow emotionally, physically, and sometimes financially.   But, how often are doctors really sued? Is there a certain specialty or gender that is sued more often? Does age or...

Like most industries, the medical malpractice insurance world consists of a lot of acronyms, confusing terms, and other jargon that can make even the smartest people’s eyes cross.   Today we’re going to simplify things a bit by breaking down 10 of the most common (and confusing) malpractice insurance terms. We’ll tell you what they mean and why they’re important so that you can read your policy… a...