Regardless of whether you are an independent aesthetician, a contracted mid level provider, a telemedicine consultant physician or are managing a healthcare facility, the costs of maintaining (and leaving) your medical professional liability insurance policy is a big business challenge (often one of the most significant challenges faced by our clients and policyholders).
Tail Insurance in medical malpractice insurance might be avoided and the premium savings can total into the thousands.
The ongoing ‘real time’ cost of insurance is tough, the state in which you practice can make or break the premium amount. And, the untold story of potentially higher (lasting costs) of medical professional liability insurance is : TAIL. The price you pay to cover you going forward for the services you provided in the past.
There are ways around paying for tail; without a skilled insurance agent, broker or a creative group administrator, you could unnecessarily pay 50 – 75 % more than necessary