https://medpli.com/wp-content/uploads/2020/11/1Doctor-and-Broker-Shake-Hands.jpg It’s a physician’s nightmare: Your carrier’s underwriter won’t renew your medical malpractice insurance because of the number of claims made against you. You must have a new policy quickly to continue practicing, and you think you’ll have to settle for less coverage and exorbitantly higher rates. But MEDPLI has a far better solution. As an independent medical malpractice broker, MEDPLI is your best ally if your policy has been cancelled or not renewed due to claims – especially if you are a physician practicing in surgical specialties most often sued for malpractice. Experienced MEDPLI advisors have deep knowledge of the malpractice insurance marketplace and will give you options from “A” rated carriers for the best new coverage at the lowest possible rate. Are you at higher risk for multiple claims? Medical liability insurance underwriters take notice when even one malpractice claim is made against a policyholder. The high-risk nature of procedures in certain specialties has been shown to make these surgeons more vulnerable to multiple and more costly malpractice lawsuits, which in turn increases the possibility of policy non-renewal or cancellation. Based on recent studies of malpractice claim trends by Medscape and “A” rated malpractice insurance carrier MedPro Group, the specialties most likely to be sued include: \tPlastic Surgery \tGeneral Surgery \tNeurosurgery \tOrthopedics \tUrology \tOB/GYN \tBariatrics \tEmergency Medicine \tOtolaryngology \tRadiology \tCardiology \tAnesthesiology However, recent research has shown that all types of physicians are vulnerable to multiple malpractice claims that could lead to non-renewal of coverage. A February 2023 study in the Journal of the American Medical Association (JAMA) found that physicians with one paid malpractice claim are nearly four times more likely to incur more paid claims in the future. Paid malpractice claims for all licensed doctors in the U.S. in both high- and low-risk specialties were analyzed. How MEDPLI finds the best replacement coverage – faster. Time is of the essence when your malpractice coverage is not renewed or cancelled. But if you do it yourself, filling out numerous applications and providing practice information to multiple carriers for medical malpractice insurance can take many weeks or months. Also, you can’t be sure that a quote represents the best coverage and rate for your specialty. That’s why you need MEDPLI. Here are ways that MEDPLI saves you time and effort – and helps you make the best decision faster – especially when you need new coverage quickly after a policy cancellation: \tGet started with one phone call to a MEDPLI advisor for a free quote on coverage for your specialty and practice. \tFill out just one application form during your consultation with a MEDPLI advisor, who will research and apply for multiple policies and rates within our network of hundreds of professional liability underwriters with “A” rated carriers. \tReview and compare all recommended coverage and carrier options with your MEDPLI advisor, who will help you understand the benefits of each one and guide you to make an informed decision. \tBuild a relationship with your MEDPLI advisor, who will keep you aware of fluctuating insurance rates, policy changes, and new coverage requirements for your specialty especially at policy renewal time. MEDPLI advisors will work with you on an ongoing basis to ensure that you are always getting the best protection, at the best price, from the right carrier – even if your current policy has been cancelled due to claims. Policy not renewed or cancelled? Call MEDPLI today. Don’t wait. Practicing your specialty without malpractice insurance has severe consequences you can avoid by contacting a MEDPLI advisor immediately when your current policy is cancelled or not renewed. Click here to learn even more ways that MEDPLI can help you if you suddenly need new malpractice coverage. Call us at 800-969-1339 to get started with your medical malpractice insurance solution or request a quote.