From the category archives: Insurance Protection Blog

Medical Malpractice

Insuring Hospitalists for Medical Malpractice Insurance

Hospitalists who are contemplating their Medical Malpractice Insurance should consider The Doctors Company (TDC). They have been endorsed by the Society of Hospital Medicine, which brings in partnership with The Doctors Company's  online risk management programs which are easily accessed and completed online, but the major benefit is the unique and innovative structure of their Medical Malpractice Insurance policies. Being underwritten by The Doctors Company can effectively eliminate the high cost of tail, which can inhibit recruitment and create prohibitively expensive administrative costs.

The Doctors Insurance Agency works with 20 different companies to ensure competitiveness. Interstate contractual compliance, active risk management partnership, and managing your malpractice insurance should be a collaborative effort between your Chief Operating Officer, risk manager, clinical managers and administrators. The Doctors Insurance Agency understands the difficulty of keeping pace with hospital contracts and the staffing requirement of having a physician in each location, floor or department 24 hours a day, 7 days a week

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Insuring Hospitalists for Medical Malpractice Insurance

Hospitalists who are contemplating their Medical Malpractice Insurance should consider The Doctors Company (TDC). They have been endorsed by the Society of Hospital Medicine, which brings in partnership with The Doctors Company's  online risk management programs which are easily accessed and completed online, but the major benefit is the unique and innovative structure of their medical malpractice policies. Being underwritten by The Doctors Company can effectively eliminate the high cost of tail, which can inhibit recruitment and create prohibitively expensive administrative costs.

The Doctors Insurance Agency works with 20 different companies to ensure competitiveness. Interstate contractual compliance, active risk management partnership, and managing your malpractice insurance should be a collaborative effort between your Chief Operating Officer, risk manager, clinical managers and administrators. The Doctors Insurance Agency understands the difficulty of keeping pace with hospital contracts and the staffing requirement of having a physician in each location, floor or department 24 hours a day, 7 days a week.

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Do you Need Malpractice Tail Coverage?

In an article written for the medical economics blog, “Do you need malpractice tail coverage?” <a href="https://www.medicaleconomics.com/authors/erik-leander">Erik Leander</a> addresses the most commonly asked questions about the intricacies of carrying this type of coverage.

Tail Coverage” provides medical malpractice insurance coverage for claims brought after a claims-made insurance policy is terminated. Claims-made policies, the most common type of Medical Malpractice Insurance, provide coverage for claims brought against a physician resulting from services the physician provided during the time the claims-made policy was continuously in effect.

The common way to purchase this coverage is to make a decision within 30 days of canceling the policy you hold with your present malpractice company.

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Should you Choose a Claims-Made or Occurrence Policy?

The Doctors Insurance Agency works with over 5,000 physicians in 500 facilities in 33 states, providing healthcare professional liability insurance. It is important to consider the differences between claims-made and occurrence policies, according to the American College of Physicians, when considering what type of Medical Malpractice Professional Liability Insurance to purchase. 

Occurrence policies differ from claims-made insurance in that they cover any claim for an event that took place during the period of coverage, even if the claim itself is filed after the policy lapses.

Occurrence policies are less common, especially in private practice with groups of 50 or fewer physicians. This is because occurrence premiums include a load calculated to compensate the carrier for coverage for liability insurance, protecting the doctor against claims that are presented in the future. This actuarial commitment requires more premium in the policy year.

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Medical Malpractice Insurance Premiums - When too Low is really Too Low!

In the world of self-driving cars, smart houses, and the Internet of Things, it is not surprising that in my weekly reading of National Insurance trade journals (great bedtime reading!)  I see news about predictive modeling algorithms designed to direct care and patient safety, as well as large-scale artificial intelligence-driven medical professional liability underwriting systems.

These underwriting methods are  designed to replace or  supplement the work of underwriters.  Self-driving malpractice insurance policies seem to be in the works.

An example of predictive modeling is rating auto accident and liability insurance premiums based on such seemingly irrelevant factors as the density of deer populati

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Nephrology Medical Professional Liability Policies

Nephrology Medical Professional Liability Policies

If you are working in a nephrology group, there are a few important issues you should consider to reduce your overall cost of managing medical professional liability insurance.

The first issue is the matter of medical directorship. Nephrology groups will sometimes have responsibilities to serve as medical directors at dialysis centers (there are also medical foundations with ownership interests in dialysis centers.) Additionally, medical directors can present at outpatient clinics and hospitals.

Medical malpractice insurance policies normally carry a separate limit protecting the healthcare organization employees and non-medical doctor providers, these entity policies can extend and be endorsed to include coverage for medical director work.

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Patient Safety in Telemedicine and Cyber Liability

Telemedicine is defined as the remote delivery of healthcare services, whether they are medical consultations using videoconferencing, mobile apps, store and forward technology offering health assessments or lifestyle counseling. Technology can assist in the delivery of information and shorten the distance between the patient and the provider. Telemedicine can be classified into three main categories: remote patient monitoring, store and forward or interactive communication. Each of these has their own different risk profiles. 

Here are some examples of claims involving Telemedicine...

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Convenience Drives Many Patients to Try Tlemedicine

A survey last year found that a quarter of adults in the United States don’t have a regular doctor. Some are wondering if they need one at all. Telemedicine can provide much of what conventional visits to clinics provide without the hassle of leaving work. taking time off, and struggling with traffic.

Healthcare experts say that the changing fragmented nature of healthcare is why people still need someone to help them navigate their healthcare. This is the traditional role of primary care physicians like family doctors, but arguably those health care providers do not always need face-to-face visits to do their job and to do it well.

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Orthopedic Surgical Practice pay Some of the Highest Malpractice Premiums in the Country

 Orthopedic surgeons across the country who are engaged in conventional clinical surgical practice pay some of the highest malpractice premiums in the country. We are often asked what we, as national brokers and agents for some of the best malpractice insurance companies in the country, can do to reduce premiums.

There are creative insurance company programs that are not always easy to find, but they are available. The Doctors Insurance Agency specializes in Medical Malpractice Insurance for Orthopedic Surgeons.

We work with surgeons and practice administrators. The profile of the practice specifically means that you represent to the underwriters which doctors are focusing on which type of surgeries. We plan risk management activities that are designed to bring patient safety specialists to the group for presentations, some of which qualify for continuing medical education units

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Tail Insurance for your Medical Malpractice Policy

Whether you are trying to insure a small facility like an independent imaging center or a  Medi-Spa, you are an innovative physician working for an institution and you are driven to do something different creative and scientific, so you’ve start your own clinical research organization, or if you are an individual physician working infrequently as an itinerant locum tenens, you’ll need Medical Malpractice Professional Liability Insurance. How claims are handled by your insurance is an important issue to resolve. It’s about two things: the cost of medical malpractice insurance now, and the cost to protect you for the work you do now in the future. This latter concept is widely misunderstood, but easily solved: Tail Insurance.
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