From the monthly archives: September 2013

We are pleased to present below all posts archived in 'September 2013'. If you still can't find what you are looking for, try using the search box.

Insuring unusual Medical Practices

How to insure the unique Physician practice profile When the practice profile is unique, or just doesn’t fit the usual, customary and conventional, Like a medical spa or a family physician who runs an urgent care center, acts as a medical director for a local fire department and sees patients in nursing homes, the insurance niche that handles this is called surplus lines. What is Excess and Surplus Lines and how does it impact Allied Health Providers and Mid Levels Physicians, Midwives and other health care providers are often forced to find insurance at higher rates, or just do not find the right fit. With the continued presence and development of the surplus lines markets, these healthcare providers are newly finding that they can access a Medical Malpractice Insurance market that previously had been available only to very large groups and to practitioners who could not find coverage. The spa procedures, utilization review, administrative duties or other procedures that are considered new a ...
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There can be a lingering risk of a claim in clinical trials?

One of the growing areas in the healthcare field is the area of Clinical Trials.  Clinical trial liability insurance is taken by companies to protect themselves from the risks arising from bodily/physical injury caused to the individual during the process of clinical trials.  The policy protects the research, contract organization from legal liability in some cases.   There can be a lingering risk of a claim in clinical trials: Post-trial risks of up to two months are also covered.    *…there are some exclusions to the coverage:  such as failure of drugs and nuclear chemical risks are usually excluded from coverage. According to the Business Standard: The clinical trial segment could see a period of stable and sustained growth, as the market is expected to become more professional for trials.  As the investment by Pharmaceuticals continues to grow, so will the need for Clinical Trial Liability Insurance.  Specialty and General insurers are deve ...
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Medical Malpractice Claims Trends

Are claims in medical malpractice insurance leveling off? Watching the trends in medical malpractice claims over the last several years has been pretty simple:  frequency of medical malpractice claims were reducing, faster than the average increase in the expense of defending them, which pushed premiums down across the nation.  The only trend to predict was how low will the rates go?  Reading World News Report and Crittenden Medical Insurance News I see as of the July and August issues of this year,  the experts who track such things are predicting some market firming.  Prices may actually increase.  Tighten Underwriting Standards Some Carriers writing medical malpractice insurance and related insurance products will first tighten underwriting guidelines, then raise rates and increase reserves.   The majority of the industry is still showing strong surplus accounts, which will allow the premiums to remain flat.  Premium will eventually increase ...
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Stand Alone Clinical Trial Liability Insurance Policies

Growth in Clinical Trials = New Liability policies Additional  awareness of clinical trial exposures will result in insurance carriers creating new policies, similar to clinic, or urgent care medical malpractice insurance policies or other healthcare facility insurance policies.  There is a trend in the Pharmaceutical  industry to outsource some research to teaching hospitals, which forces the issue of when to purchase a clinical liability insurance policy. Some hospitals are willing to absorb the risk and take it on their policies.  Other hospitals are asking Insurance Carriers  to only cover the professional liability portion of the clinical trial…leaving the financial management/contractual risk uncovered. Some research clients have begun to ask for tailored, specific clinical trial coverage in order to protect themselves prior to signing the contract. Companies engaging in clinical trial work  must be sure to bind a clinical trial liability policy that c ...
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Pathology Liability Insurance and The Doctors' Company Risk Management Advice.

Insuring Pathology Laboratories is a very specific task; The liability that rises to (or attaches to the Lab) is very different than the liability that follows the physician.There are occasions where the lab is insured along with the entity of the Pathology Group (which is to say, the “City” Pathology Medical  Group, Inc. always has a separate limit covering IT separate from the M.D.’s, and there are requests to include the Lab liability (with all of the Techs and specific licensed employees in that Lab in the one limit. So, for example, there are five M.D.’s in the group performing the professional component services for the Lab and/or the Path group, the group is incorporated (i.e. like the ‘City Path Group, Inc”) referenced above, and, they have a Licensed CLIA approved Lab with employees and contracts to read specimens submitted from outside and within the state. Separate and Distinct Limit covering the Lab. It is my opinion and the opinion of The Doctors’ Company that the Lab should hav ...
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  1. Re: The Podiatrists Market Research Report states that demand for podiatrists will likely benefit from healthcare reform.

    My husband has been feeling a lot of pain in his feet recently. We think this could be due to his posture...

    -- Sarah

  2. Re: Developing Walk In and Urgent Care Centers

    It's good to see that urgent care facilities are becoming more and more prevalent. You are right that...

    -- Caden Dahl

  3. Re: Functional Medicine Malpractice Insurance

    Interested in obtaining information for FM MP

    -- Cynthia Shughrue

  4. Re: Visiting Residents/Intern/ Fellow (Hands On) Medical Malpractice Insurance

    I am a final year medical student planning to do a couple of electives in medical school in the US and...

    -- Varun

  5. Re: Medical Malpractice Insurance Benefits, expanding to outpatient facilities

    I like the idea of some of the cost returning to the normal discounted market after a few years of claims...

    -- Dave Anderson

  6. Re: Who Can Perform Liposuction Surgery?

    This is very interesting content! I have thoroughly enjoyed reading your points and have come to the...

    -- Re: Who Can Perform Liposuction Surgery?

    Thanks for helping me understand any licensed physician can actually perform this procedure as per the...

    -- Millie Hue

  7. Re: The Podiatrists Market Research Report states that demand for podiatrists will likely benefit from healthcare reform.

    Thanks for giving me more information about the benefits of podiatrists from the healthcare reform. ...

    -- James

  8. Re: Clinical Research Liability

    I am starting a Clinical Research site in Philadelphia and am interested in learning more about a policy...

    -- Takoda Roland

  9. Re: When you might need another one or two medical malpractice insurance policies.

    My colleagues were searching for NC SF 521 several days ago and learned about an online platform that...

    -- pauletta walker