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Discounts Reduce Medical Malpractice Insurance Premium by Thousands!
i got some great information and saved $900 on my medical malpractice insurance premium.” One of my new clients remarked to me when I inquired about the about the option I gave him to do an online insurance company-sponsored Risk Management CME prior to binding coverage. Most major carriers offer a variety of discounts that can reduce your new or renewal policy premium by as much as 40% Participation in a company sponsored Risk Management Program is just one type of discount–there are many more. Claims-Free, Hospital Affiliation, Specialty Society Membership Affiliation, Board Re-Certification, these are just a few examples of the many discounts available from most of the major insurance companies. How do you find out about these discounts? That’s where your agent comes in. A good agent will negotiate your eligibility for the maximum combination of discounts, within the company’s filed underwriting rules and guidelines. We save most of our clients at least 25%, some as much as 40%. Contact us for a review of your current medical malpractice insurance insurance premium and discounts, contact us today! -
RIsk Management, Patient Safety & Medical Malpractice Insurance
In 2002, I attended the annual agents meeting for The Doctors Company in Napa, California. Prior to this meeting, the main topics for discussion at medical malpractice insurance company agent meetings were Loss Prevention, Risk Management and Claims Trends. The Doctors Company , always a market leader, introduced a new focus, Patient Safety . The Doctors Company was the first medical malpractice insurance company to start moving the discussion away from Loss Prevention and Risk Management and to focus on systems and practices promoting patient safety. This approach, by definition, acheives the goals of loss prevention and risk management. This many years later, the National Patient Saftey Foundation and The Doctors Company are again focusing on patient safety initiatives by marking Patient Safety Awareness Week. (PSAW), March 3 to 9, 2013 by providing physicians and other health care providers with the top five tips to promote patient safety. A press release on The Doctors Company website explains: “PSAW is an annual education and awareness campaign for improving patient safety led by the National Patient Safety Foundation (NPSF). To mark PSAW 2013, The Doctors Company is issuing a downloadable compilation of key patient safety articles, providing infographics on the top five tips to promote patient safety, and announcing an opportunity to earn CME credit with a Webinar about ” The Top Five Risks in the Office Practice” on March 19. Details on these offerings and events can be found at www.thedoctors.com/psaw.” We encourage our site visitors to take advantage of this great information.
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Clinical Research Oganizations Benefit from Medical Malpractice Insurance Policy
As a physician that works for a Clinical Research Organization, you don’t need malpractice insurance, right? Physicians whose sole practice is Clinical Research often tell us, “I don’t need medical malpractice insurance–the drug company indemnifies me!” Yes, in most cases, they do–but not in all cases. If you are in private practice, you may have a gap in coverage between you private malpractice insurance and the coverage provided to you by pharmaceutical companies. Further, our Clinical Research Organization Clients tell us that having separate coverage for their research practice makes them a more attractive candidate for the more lucrative studies. One of our agents can provide you with a minimum premium quote for your Clinical Resarch Organization or your research practice–call us today! -
Cyber Liability-What is it and why do you need it?
sue your practice for a data breach that resulted in the release of protected medical information. Included are coverage for the costs of patient notification and credit monitoring as well as defense of HIPIAA or other investigations initiated by a regulatory agency resulting from a data breach incident. Call us for help in determining if your policy includes Cyber Liability coverage. -
Bad Outcome? Worried about Malpractice? Physician, Protect Thyself!
manage your response to protect yourself in the event of future litigation. How? Most medical malpractice insurance companies have a Certified Healthcare Risk Manager on staff. Several national companies even have a 24-hour Risk Management hotline you can call 24/7 to speak with a certified Healthcare Risk Manager. Experienced medico-legal experts can best advise you how to proceed in terms of documentation and follow-up. Take advantage of this service to ensure the maximum protection in the event of a potential future claim. Reach out to your medmal company’s Risk Manager-remember , they work for you!