Medical malpractice insurance provides asset protection to doctors in the event they are sued for professional negligence (errors or omissions). Another term used for this type of coverage is Medical Professional Liability Insurance, the inspiration for the MEDPLI name. All practicing physicians in the United States should have some type of protection against [...]
This post is a real-life example of Dr. Smith (name changed for anonymity), a doctor who needed his own tail coverage when changing jobs. When Dr. Smith changed jobs, he was shocked by the $85,000 malpractice insurance tail premium he faced. This was the first time he had to buy his own malpractice [...]
The average malpractice lawsuit incurs $30,000 in defense costs, while some cases incur legal expenses upwards of $100,000. Does malpractice insurance cover legal fees? Yes. Your medical professional liability insurance policy will cover the legal expenses when defending you against claims of malpractice. If it does not, you have a very weak policy and [...]
MEDPLI delivers “A” rated professional liability coverage to medical doctors practicing in Arizona. As an independent broker, MEDPLI works for doctors to ensure they receive strong protection, while lowering premiums for doctors who deserve discounts for their good claim history. MEDPLI helps physicians who are changing jobs (need tail insurance?), starting new practices, [...]
Get A Quote Oklahoma Medical Professional Liability Insurance Market Summary Malpractice insurance for Oklahoma doctors is a major expense, and tail insurance is often double the annual premium! The good news is that Oklahoma doctors have several good options to partner with strong insurance [...]
Doctors should read their employment contracts carefully. The contract should specify if your employer is going to provide tail coverage when you leave the job. If they do not provide your tail coverage, you are responsible for your own liability protection. This piece summarizes Dr. Khan’s scenario and answers some common questions about [...]
Medical malpractice insurance can be confusing, even for the most highly educated. Doctors who are buying malpractice for the first time have many questions. What is claims-made? What is occurrence? What’s my retroactive date? Do I get a discount for working less than 20 hours per week? What does $1,000,000/$3,000,000 limits mean? Who [...]
Claims-made policies vastly outnumber claims-paid policies for physician medical malpractice insurance in the United States. Still, many doctors who are currently insured on a claims-paid policy form do not even know there is a difference. This post intends to clarify some key differences in claims-made and claims-paid malpractice insurance policies. Physicians should pay [...]
“Tail insurance” means the same thing as the formal term “extended reporting period (ERP)”, in the scope of medical malpractice insurance. This post will help doctors understand what tail insurance is, why they need it, how much tail costs, and offer practical advice on how to obtain affordable malpractice tail coverage. When you [...]
