On February 11, 2019, Capson Physician Insurance Company was placed into rehabilitation by the State of Texas. At one time an up-and-coming star of the medical malpractice insurance industry, three years of operating losses and dwindling capital forced regulators to intervene. On the outset, Capson seemed like a thriving company, but by June [...]
As a physician, your time is valuable! When you apply for new medical staff privileges or change jobs, you face a mountain of paperwork for credentialing. Within those papers, a section will ask you to supply details of your Medical Professional Liability Insurance (aka Med PLI or Malpractice Insurance). Securing the right malpractice [...]
If you are a physician switching jobs, you might be shopping for tail insurance, which will cover you for medical malpractice claims filed after you’re removed from your former employer’s policy. While comparing tail policies and coverage, don’t forget to check these 3 things to make sure you’re completely protected if a medical [...]
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 [...]
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 [...]
“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 [...]
