Urgent Care Centers, Hospitalist Groups, centers for integrative wellness and growing functional medicine groups all share a common challenge of needing to find an affordable Medical Malpractice Insurance Policy.
These policies need to provide liability insurance for the entity, including all medical doctors, owners and laypeople.
The practitioners—medical doctors, mid-level providers and other specialty health care allied practitioners working on behalf of the organization—all need to be covered, or at least ideally should be covered, on the same policy. Premium development should consider actual risk (i.e. number of consultations, visits, encounters and annual revenue). These hospitalist and urgent care policies use these risk-based metrics to develop pure premiums. Most medical malpractice policies develop their premiums based on specialty category, full- or part- time, and considering the territory.
Then, the premium increases from there. The claims made process