If you have a retroactive date, you have claims-made. If you do not have a retroactive date, you have occurrence. Claims-made policies are more common in the US medical professional liability insurance industry.
You don’t have to wait. In most cases, you can start the new policy while your old policy is still in effect, then cancel the old policy for a refund after the new policy is in place. Your effective date will change, but your retroactive date remains the same, ensuring no gaps in coverage. It’s [...]
The premium you pay for malpractice insurance depends on many factors including specialty, practice location, claims experience, and others. The higher the risk, the higher the premium. In order to get the best terms and pricing for your needs, you should work with an independent broker with access to multiple carriers. MEDPLI can shop the [...]
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. What is medical malpractice insurance?