Soft vs Hard Insurance Market
In the most simplest terms, a soft insurance market means that rates are steady or decreasing year over year, while a hard market means that rates are increasing.
General liability or malpractice insurance for doctors? What is the Difference?
So, what's the difference between the two? General liability insurance protects businesses from claims of damages due to the business' operations. This can include things like damage to property, personal injury, or even advertising injuries. This…
5 Most Common Insurance Coverage Gaps in Home Healthcare
Home healthcare is expected to be the fastest growing sector over the next ten years. This rapid pace of growth has expanded the market. Many entrepreneurs are getting their piece of the pie through homecare agency ownership. This expansion has also brought on an influx of insurance brokers and carriers that now serve the industry. These brokers and carriers may not have the experience, as they may not have served the industry in the past.
Medical Practice Policy on Purchasing Tail
If a medical practice doesn't already have this, we strongly recommend having an employment agreement document with your providers.
Is Surplus Lines Insurance Right for Our Physician Group?
Traditionally, physician practices have been purchasing Professional Liability/Medical Malpractice insurance through Admitted Insurers (e.g. Medical Protective, ProAssurance, TDC, PPIX, and MAG Mutual).
Simple Everyday Steps to Avoid Medical Malpractice
We live in a very litigious world. Even when healthcare workers do their best, sometimes patients are not grateful and turn to lawyers for even the slightest mishap. Malpractice lawsuits are very common in the healthcare profession.