Malpractice Insights

The legal landscape for healthcare is changing in the United States and the risk for advanced practitioners is increasing more and more. And as the scope of practice for Nurse Practitioners, Physician Assistants, CRNAs, and other providers continues to expand, the liability grows, as well.  So, if you're an NP, PA, CRNA, RN, Aesthetician, or any other type of ancillary provider, what's the best way to be covered for malpractice insurance?  Should you carry your own policy or accept the insurance being provided by your employer? And what if you're self-employed doing 1099 or locums work?  Today we'll address these questions and more to help you understand malpractice insurance for advanced practitioners.(1:21) Options for covering advanced practitioners and ancillary healthcare providers(7:27) How to decide which option is right for you**********Contact us!**********

When it comes to malpractice insurance, one of the most critical times for doctors is when they're looking to CANCEL their insurance to make a significant change… perhaps you're leaving your current employer and moving to a new group, or maybe your premium has been going up and you want to move to a new insurance carrier, or you just want to switch to a different type of coverage to better meet the needs of your growing practice. Well, no matter the reason, when you're getting ready make the switch you have some decisions to make – are you going to buy tail insurance? Or are you going to carry forward your prior acts? Wait a minute… you may be thinking… I don't even know what those things are. Well, today we're going to talk about Tail Insurance vs. Prior Acts…. What's the difference between the two and when does it make sense to go one direction vs. the other?(1:19) Tail Insurance(3:28) Prior Acts Coverage(5:16) Prior Acts Costs(6:27) Four Reasons Doctors Might Have to Get Tail Insurance**********Contact us!**********

Today we're continuing our Mail Bag segment with some more “real life” scenarios to talk through. We're going to talk about making an agent change– when it is and isn't necessary, growing a practice and hiring more doctors when you're in the E&S market, and dealing with a six-figure tail bill.(0:54) How hard is it to just change an agent?(4:38) Growing your practice in the E&S market(7:25) Navigating a six-figure tail insurance bill**********Contact us!**********

It can take awhile to finally land on a malpractice carrier that you really like. And once you're all setup with them, it's very comfortable and easy to just renew your policy year over year. And to be honest, there are many reasons why it makes sense to stay with the same carrier for the long-haul. But, there are also some drawback and potential issues with staying with the same malpractice company for a really long time. Today we're going to talk about the Pros and Cons so that you can decide if it's time for YOU to possibly make a change.(1:20) Pros and Cons of Staying With Your Carrier(5:40) Medical Malpractice Shopping Tips**********Contact us!**********

Buying medical malpractice insurance can be a time-consuming, frustrating process. There are many different companies to choose from, policy types to understand and coverage nuances that can make it difficult to really know if you're getting the best coverage at the best price. This is why most doctors prefer to work with an agent to help them compare options in the market. So, why not just have your current insurance broker – the guy who does your general liability, your business owner's policy, your worker's comp and your other commercial policies – do your malpractice?  Isn't it just easier to have 1 point of contact for all of your insurance needs?  Well today I'm going to tell you why this is actually a BAD idea. No offense to your commercial insurance agent, but there are a lot of reasons why you should NOT have him handle your medmal.  Let's talk about it together.(1:23) Direct vs. Independent Agents(4:02) Why not have multiple agents shop for you?(4:58) Why you need a specialised insurance agent**********Contact us!**********

According to the AMA, 1 in 3 doctors have been sued for medical malpractice. And the data that we see from the insurance carriers shows that number continues to go up, depending on your specialty, where you practice, and how long you've been working.  It's very likely that you will be involved in at least 1 malpractice claim by the time you retire from the practice of medicine.  And if you've never been involved in a claim before, it can be a bit of an unknown… perhaps even a little scary and intimidating to think about what it's like to go through a lawsuit. So today, we're going to talk about what happens after you get sued for medical malpractice… what the claim process actually looks like from the insurance side of things, so that you can be better prepared if and when it happens to you. 1:32 The Five Stages of the Malpractice Claim Process6:04 Three Tips to Protect Yourself**********Contact us!**********

Today we're continuing our Mail Bag segment with some more “real life” scenarios to talk through. We're going to talk about RUSH malpractice insurance (like you need it in a few days), getting credentialed way before you actually plan on opening your practice, and how best to structure locums coverage.0:53 Medmal in a Rush4:48 Timing Your Credentialing8:18 Structuring Locum Tenens**********Contact us!**********

If you're just getting started in your medical training, you might be wondering how malpractice insurance works for medical school, your internship, residency or fellowship. So, today we're going to talk about the things you need to know going into these programs, whether or not supplemental insurance is something you should consider, and what to expect when you finish your training and get started in the real world of medicine.Related Episodes:

So, you've cancelled your Claims-Made malpractice insurance policy and now, your carrier has given you a tail quote – but it looks like there are multiple options? And the price is significantly different, depending on which option you choose. Well, the reason for the different tail prices is that the coverage is different. You likely have an option for an unlimited tail and a few options for limited tails.  So, what's the difference? And how do you know which one to pick?Related Episode: How to Negotiate Tail Insurance https://youtu.be/q-tQe_ofRWI?si=4j0whjuEaF8HAEVS1:14 Tail Insurance Review3:30 Explaining Unlimited Tail4:39 Explaining Limited Tail5:58 Statute of Limitations6:48 Comparing Costs**********Contact us!**********

Interacting with patients on a daily basis exposes you, your employees, any independent contractors working for you AND the practice itself to professional liability.  And, while it's pretty well-known that doctors and healthcare providers need to carry malpractice insurance, one of the most common mistakes that we see is forgetting to cover your medical corporation.  But for most start-up practices, cost is a major issue and providers need to make sure they get the coverage they need – without breaking the bank.  So, what's the best way to do this? We'll talk about it today. 1:15 Who actually needs malpractice coverage in your practice?2:15 How do you get malpractice insurance for a business entity or corporation?2:56 Shared limits vs. separate limits**********Contact us!**********

Today we're continuing our Mail Bag segment with some more “real life” scenarios to talk through. We're going to talk about rate increases on a Claims-Made policy, the best coverage options for medical director coverage, and how to setup malpractice insurance in a cost-effective way for a brand-new practice on a budget. 0:58 Unexpected rate increases4:55 Coverage for medical directors8:44 Budget friendly tips on covering a new practice**********Contact us!**********

So, you're looking at malpractice insurance options and being the smart provider that you are, you've got quotes for both Occurrence and Claims-Made policies in front of you.  You like the idea of an Occurrence policy, but the Claims-Made quote is so much cheaper in the first few years. So, why not just start with the Claims-Made policy now and then switch to Occurrence when you're a little further down the road? Well, CAN you switch – Yes… but there are a few things that you need to be aware of before you make this choice. We'll talk all about it today.✔️For the BLOG on this topic, visit: https://aegismalpractice.com/malpractice-insights/can-i-switch-from-claims-made-to-occurrence-coverage/1:11 The difference between Claims-Made and Occurrence4:01 Long term cost breakdown6:10 Switching from Claims-Made to Occurrence**********Contact us!**********

If you're an employed physician, chances are, your malpractice insurance is being provided FOR you. And while this is certainly convenient, there may be limitations in your malpractice policy that you're not aware of. For this reason, many providers wonder if they should get supplemental malpractice insurance?  So today, we're going to talk about why you might want to consider getting additional coverage – and what kind of insurance you should get. Plus, we'll talk about what supplemental insurance DOES and DOESN'T cover.1:05 What is supplemental malpractice insurance?2:30 What supplemental policies DO and DON'T cover4:06 How much will supplemental insurance cost?5:21 Should you get Claims-Made or Occurrence coverage for supplemental insurance?6:29 Example costs9:17 Let Aegis help!**********Contact us!**********

If you're struggling to find malpractice insurance, your agent might suggest coverage options for you in the non-standard market. But, what exactly does that mean? Well today we're going to go over the main differences between a standard malpractice insurance policy and a non-standard malpractice insurance policy. We'll talk about the reasons why a healthcare provider may need to go the non-standard route and give you 5 key things that you need to be aware of BEFORE you accept coverage.Do you have a question for our mail bag? Ask it here! https://aegismalpractice.com/malpractice-insights-podcast/RELATED EPISODE: Understanding Consent to Settle https://youtu.be/NJx-nVStEM41:03 Standard Market vs. Non-Standard Market2:33 Why you might need non-standard market coverage3:48 Five key things to know before you get non-standard coverage**********Contact us!**********

Today we're continuing our Mail Bag segment with some more “real life” scenarios to talk through. We're going to talk about coverage provided by a contracted entity, advice for practice administrators on onboarding and offboarding providers, and buying malpractice insurance again after being bare. 0:48 Tail insurance and consent to settle5:20 Advice for onboarding and offboarding9:06 Malpractice insurance after being bare**********Contact us!**********

Malpractice insurance premiums can be pricey. In fact, they're one of the top expenses for a medical practice today. This is why we're so adamant that providers shop around, compare their options thoughtfully, and work with a knowledgeable agent who can keep their eyes on the market to ensure you're always getting the best coverage at the best price.  But once you've been given your quote for coverage, is that it?  How negotiable is your price?   Well, today we're going to talk specifically about how to reduce your malpractice insurance premiums.  In this highly complex world of medical malpractice, there are some levers that you CAN pull and others that you CAN'T. 1:19 Factors that Affect Your Premium4:00 Discretionary and Non-discretionary Credits10:08 Common Pitfalls When Shopping for Insurance**********Contact us!**********

A malpractice claim comes in for a patient that you treated on April 1, 2019.  Wait a minute… where was I even working back then?  And who did I have for my malpractice insurance at that time?  Well, if you haven't been keeping good records of your prior work history and your medmal coverage over the years, this situation can quickly turn frantic as you search your files to see who you should be contacting for help.  Today, we're here to help you get your malpractice files in order by giving you tips on how to keep track of your coverage history so that you can easily see who you were insured with and when. RESOURCE: The National Practitioner Data Bank https://www.npdb.hrsa.gov/pract/selfQueryBasics.jsp1:14 Employment Contract2:52 Certificate of Insurance4:37 Tail Endorsement5:47 Claim History / Loss Runs7:07 Claim Activity Documents7:46 Contact Information**********Contact us!**********

When it comes to Claims-Made malpractice insurance, there are some nuisances with this policy type that can make it a bit more complicated to understand.  One of the most distinctive characteristics of this type of coverage is how it starts at a low premium and then increases in price every year for 5 years. And if you weren't made aware of this when you first BOUGHT the policy, it can be incredibly frustrating to see your rate go up year over year.  But, why does it do that? And what can you do to make sure you don't get caught off guard with this in your policy? Well, today we're going to talk all about Claims-Made step factors… what they are, how the underwriter prices them, and how you can be one step ahead when it comes to your malpractice coverage.

It's our 100th episode of Malpractice Insights – I can't even believe it! And I just wanted to say thank you to everyone who has tuned in over the last few years. Whether you've just stumbled upon our show with a question on a specific malpractice-related topic, or you're a regular listener, I'm so grateful that you've taken the time to be here and I TRULY hope that you've found the information that we've shared helpful. So thank you, again!  Today we're going to do a little question and answer session and I've put together some top malpractice insurance tips for you. So, let's dive into them together. Related Episodes:Understanding Occurrence vs. Claims Made https://youtu.be/zcDaZ7bx3k4Malpractice Insurance for Locum Tenens Providers https://youtu.be/IibpmzHRchgMalpractice Insurance for Telemedicine https://youtu.be/6RYvhmb6v3IMalpractice Insurance for Employed Doctors https://youtu.be/AtKqKwFrdiAFive Questions for New Grads to Ask Their Future Employers https://youtu.be/ULQRm_3N7bE1:04 New Grads3:34 Employed Doctors5:48 Administrators8:40 Telemedicine11:22 Independent Doctors12:30 Let Aegis help!**********Contact us!**********

Why do doctors actually need malpractice insurance? And what does it even cover? Healthcare providers need malpractice insurance to protect them in the event of medical negligence, but this insurance policy is more robust than most doctors realize. Beyond simply paying for claims and compensating injured patients, your medical malpractice insurance policy actually provides defense and reimbursement for a number of other things.  Let's dive into this topic more together.1:00 What exactly IS medmal?3:35 Compensatory vs. Punitive Damages5:06 Defense Costs5:46 The Four Things Your Medmal Policy (likely) Covers8:22 One Thing Your Medmal DOESN'T Cover9:31 Let Aegis help!**********Contact us!**********

If you're considering leaving your current employer to go out on your own, there are a lot of things that you'll need to get squared away before you take the leap. But when it comes to your malpractice insurance, we've got you covered. How soon should you notify them of your plans? Who's going to buy your tail insurance? What kind of policy do you need going forward? And how soon should you start investigating new coverage options? Today we're going to give you the answers to these questions and more, so that you can step into the next chapter of your career with confidence.  1:30 Step 1: Read your employment contract2:45 Step 2: Talk to an agent3:44 Step 3: Put in your notice7:28 Documents and information to collect8:19 Step 4: Apply for new insurance9:16 Let Aegis help!**********Contact us!**********

Today we're continuing our Mail Bag segment with some more “real life” scenarios to talk through. We're going to talk about miscommunication with an employer on who buys the malpractice coverage, insurance options for a telemedicine group, and how to get up and running quickly for new grad practice owners. 0:50 How to get up and running quickly for new grad owners3:54 Insurance options for a telemedicine group7:43 "I thought my employer bought my tail, but they DIDN'T Now what?!"**********Contact us!**********

Malpractice insurance is one of the top expenses for a medical practice. But have you ever wondered WHY that is? Well, today we're going to put on our underwriting hats and talk about the 5 main ingredients that go into calculating a malpractice premium… plus, I'm going to give you some tips and tricks on what you can do to help reduce your cost.❗️❗️❗️FREE DOWNLOAD❗️❗️❗️https://www.aegismalpractice.com/malpractice-insights/2019/4/18/whats-the-difference-between-claims-made-and-occurrence-malpractice-coverage

Many healthcare providers struggle to understand the difference between Occurrence and Claims-Made malpractice insurance. How are they different and when would a doctor choose one over the other? If that's you – you're not alone and we're here to help!  In today's episode we're going to talk about what type of malpractice insurance you should buy. There are a number of factors for you to consider as you're comparing coverage options, but we'll walk you through the thought process and help you gain a little more clarity on which policy type is right for you.❗️❗️❗️FREE DOWNLOAD❗️❗️❗️https://www.aegismalpractice.com/malpractice-insights/2019/4/18/whats-the-difference-between-claims-made-and-occurrence-malpractice-coverage

If you've been practicing medicine for any length of time, you've probably heard about tail insurance. It's expensive. It's a little confusing. And yet, you know that it's a really important part of your malpractice protection. But what happens if something goes wrong and you don't secure your tail insurance in time? What if an employer forgets to buy it for you? Or you accidentally let a policy lapse without buying it for yourself? Well today we're going to dive into this topic and do a quick refresher on tail, explain why and how you should get it, and… what happens if you DON'T. ❗️❗️❗️FREE DOWNLOAD❗️❗️❗️Tail Insurance FAQs:https://www.aegismalpractice.com/malpractice-insights/2019/4/24/tail-insurance-faqs

Today we're continuing our Mail Bag segment with some more “real life” scenarios to talk through. We're going to talk about what to do if a new employer failed to secure tail insurance for you, coverage options for a  healthcare franchise business, and what happens if a doctor doesn't cooperate in a malpractice claim?❗️❗️❗️FREE DOWNLOAD❗️❗️❗️The Ultimate Guide to Understanding Claims-Made and Occurrence Coverage0:55 What to do if a new employer fails to secure your tail insurance4:20 Coverage options for healthcare franchise businesses7:30 What happens if a doctor doesn't cooperate during a claim?

Without a doubt, the #1 question that we're asked is – What is the difference between Claims-Made and Occurrence malpractice coverage?  Many healthcare providers struggle to understand the difference between these 2 types of insurance. How are they different? And when would a doctor choose one over the other? If that's you – you're not alone and we're here to help!  In today's episode I'm going to give you a crash course on Occurrence vs. Claims-Made coverage and I'm going to teach it to you the SAME way that I teach it to medical students and residents… all in 5 minutes or less.1:29 Occurrence Coverage4:09 Claims-Made CoverageWithout a doubt, the #1 question that we're asked is – What is the difference between Claims-Made and Occurrence malpractice coverage?  Many healthcare providers struggle to understand the difference between these 2 types of insurance. How are they different? And when would a doctor choose one over the other? If that's you – you're not alone and we're here to help!  In today's episode I'm going to give you a crash course on Occurrence vs. Claims-Made coverage and I'm going to teach it to you the SAME way that I teach it to medical students and residents… all in 5 minutes or less. ❗️❗️❗️FREE DOWNLOAD❗️❗️❗️The Ultimate Guide to Understanding Claims-Made and Occurrence Coveragehttps://www.aegismalpractice.com/malpractice-insights/2019/4/18/whats-the-difference-between-claims-made-and-occurrence-malpractice-coverage

If you're buying your own malpractice insurance, you know first-hand how important it is to find a quality insurance policy WITHOUT breaking the bank. And once you've secured your coverage for the first time, it's easy to just put things on autopilot… and set it & forget it.In today's episode we're going to talk about how OFTEN you should be shopping around for malpractice insurance – and why it's important that you do. And we're going to take it one step further… teaching you how to do so WITHOUT making the carriers mad (or getting a red flag on your file)!There's a delicate balance between being a savvy consumer and be an overly aggressive shopper. We're going to show you how to strike the perfect balance and give you the resources you need to go to market, so you can feel confident that you have the best malpractice coverage at the best price. 2:05 WHYYou Should Go To Market5:50 HOW to Shop Around6:45 Common Pitfalls**********Contact us!**********

One of the biggest trends in healthcare is cash-based practices… Direct primary care, concierge medicine, and other types of medical practices that are opting OUT of the payor system. This approach allows healthcare providers to spend more time with their patients and less time dealing with red tape. So how does this affect your malpractice insurance? Are there any benefits to going cash-only? Are there any drawbacks from a medmal perspective? Well, in today's episode we're going to talk about malpractice insurance for cash-based medical practices. We'll give you the information you need to get covered correctly AND make sure you're taking advantage of all available discounts. 2:09 How rates are established2:57 Factors that influence premiums4:20 Tips for medmal and DPC7:21 Let Aegis help!

Today we're continuing our Mail Bag segment with some more “real life” scenarios to talk through. We're going to talk about transitioning a moonlighting policy into a full time private practice policy, new to practice credits and discounts, and whether or not it makes sense to shop around if you've already earned a free tail. 0:49 Transitioning from moonlighting to private practice3:13 Discounts and credits for new grads5:47 Can you shop around if you've already earned free tail?

Using an agent to get your malpractice insurance up and running is a smart way to begin your practice. But what happens if you start the quotation process and you realize you've picked the wrong agent to begin with? In today's episode we're going to talk about how to switch agents even if you are in the middle of getting your insurance set up for the very first time. And at the end of this episode you'll have some templates and resources that you can use to make sure that you've got yourself aligned with the right strategic partner for the future.

If you're a healthcare provider who is just starting out, or you're looking to make a career change and need to buy your own malpractice insurance, you might be wondering HOW LONG it takes to get malpractice quotes. When should you start the process to make sure you can get the proof of insurance you need? In today's episode, we're going to talk about how long it takes to get malpractice insurance setup and what steps you should take to get yourself going quickly and easily. We've got an overview of the process for you and a HACK to get you credentialed right away, even if you're still several months away from seeing your first patient.1:13 The process for securing malpractice insurance1:56 The fastest way or the best way?6:02 A quick credentialing hack6:44 Let Aegis help!**********Contact us!**********

When a doctor is considering making a change to his or her malpractice coverage, the issue of tail nearly always comes up. Unless you are insured on an Occurrence policy form, tail insurance is something you'll need to consider as you modify your coverage year by year.  But, let's say your current malpractice insurance just isn't meeting your needs anymore and you want to shop around… Or, perhaps you're leaving an employment arrangement or moving on from another job. What are your options going forward?  Well, today we're going to talk about PRIOR ACTS coverage, which makes it easy and affordable for you to move to a new carrier without having to buy tail insurance. Let's start the discussion. RELATED EPISODE: Claims-Made vs. Occurrence Coverage: What's the Difference? https://youtu.be/ziBmE9oUh2M1:36 What is prior acts coverage?2:59 Understanding claims-made coverage6:04 How to know how much prior acts coverage will cost7:30 Examples11:38 Let Aegis help!**********Contact us!**********

Today we're continuing our Mail Bag segment with some more “real life” scenarios to talk through. We're going to talk about finding malpractice insurance options after a large claim payment, moonlighting during  fellowship and transitioning to full time private practice, and switching agents mid-quote process.0:53 What are my options if I've already had a large claim payout?4:52 How do you transition your moonlighting policy into a full-time policy?7:30 Can I switch agents during the quote process?11:19 Let Aegis help!

If you're buying your own malpractice insurance, you know how important it is to find a quality insurance policy WITHOUT breaking the bank. And, of course, the best way to do that is to shop around. But how many carriers should you get quotes from to ensure that you've got a good handle on the market? And does it matter what kind of carriers they are? In today's episode we're going to unpack this topic and give you tips on how to shop like a pro, so you can feel confident that you have the best malpractice coverage at the best price. 1:05 Types of malpractice insurance carriers4:12 What type of carrier should YOU be looking at?5:34 How many carriers should you look at?6:30 What to know when comparing policy options7:05 Let Aegis help!**********Contact us!**********

A solid malpractice insurance agent is an integral part of the business of medicine. These industry experts can help you shop around, understand your coverage options and manage your policy. They'll save you time and bring their expertise to help you make sure you've got the RIGHT policy at the BEST price. But what happens when things start to sour? Maybe your agent used to do a good job, but they're just not cutting it anymore. How do you fire your malpractice insurance agent? Today I'm going to give you the steps to take to untangle yourself from your current broker and switch to someone who can do a better job.Related Episode: How to Select the Right Malpractice Insurance Agent https://youtu.be/IxeFO8ALSSU1:19 Your agent hasn't shopped for you recently2:34 Your agent doesn't specialize in malpractice insurance4:19 Your agent only has access to a few carriers5:49 Your agent isn't responsive7:09 Your agent isn't helping you with risk prevention8:12 Broker of Record Change11:43 Let Aegis help!**********Contact us!**********

We talk a lot about Occurrence vs. Claims-Made coverage on this podcast – and rightly so. It's the #1 question that we get from doctors and it can take a little while to really understand the differences. But today we're going to dive into a specific nuance of this discussion and that is… what is the difference between Occurrence and a Pre-Paid tail? Let's unpack this topic together. ❗️❗️❗️FREE DOWNLOAD❗️❗️❗️https://www.aegismalpractice.com/malpractice-insights/2019/4/18/whats-the-difference-between-claims-made-and-occurrence-malpractice-coverageRelated Episode: Claims-Made vs. Occurrence Coverage: What's the Difference?https://youtu.be/TL3SyQMRmLw0:59 The difference between occurrence and claims-made coverage3:20 The difference between occurrence and pre-paid tail insurance10:48 Let Aegis help!**********Contact us!**********

Today we're continuing our Mail Bag segment with some more “real life” scenarios to talk through. We're going to talk about leaving hospital employment and making sure you have tail, comparing rates for telemedicine states, and practicing bare – essentially without insurance.0:52 Will the hospital really cover my tail insurance if I leave?3:14 How does telemedicine coverage work if I'm practicing in multiple states?5:34 Is it ok if I go uninsured on purpose?9:13 Let Aegis help!**********Contact us!**********

So, your malpractice agent has brought you quotes for both Occurrence and Claims-Made coverage options. How do you know which one is right for you? This is Episode #2 of a 2-part series on how to choose the right type of malpractice insurance and today I'm going to give you 5 reasons why Claims-Made coverage might be right for you. ❗️❗️❗️FREE DOWNLOAD❗️❗️❗️https://www.aegismalpractice.com/malpractice-insights/2019/4/18/whats-the-difference-between-claims-made-and-occurrence-malpractice-coverage

So, your malpractice agent has brought you quotes for both Occurrence and Claims-Made coverage options. How do you know which one is right for you? Well, this is going to be the first of a 2-part series on how to choose the right type of malpractice insurance and today I'm going to give you 5 reasons why Occurrence coverage might be right for you.❗️❗️❗️FREE DOWNLOAD❗️❗️❗️https://www.aegismalpractice.com/malpractice-insights/2019/4/18/whats-the-difference-between-claims-made-and-occurrence-malpractice-coverage

Today we're talking basics… what exactly IS medical malpractice? And how does a judge and jury determine if you're guilty of it? Today we're going to answer 4 common questions that healthcare professionals have on this topic so that you can know what elements of proof need to be established in a case, what's expected of you, and how you can protect yourself.For the BLOG on this topic, visit: https://www.aegismalpractice.com/malpractice-insights/what-is-medical-malpractice-and-how-does-someone-prove-it

Today we're continuing our Mail Bag segment with some more “real life” scenarios to talk through. We're going to talk about tail insurance for advanced practitioners who are covered under a group, what kind of malpractice coverage you need when you're taking over a practice, and coverage options for direct primary care. 0:54 Tail insurance when leaving a group policy4:35 Coverage options when taking over a practice6:24 Coverage for direct primary care physicians8:34 Let Aegis help!**********Contact us!**********

Tail insurance is that necessary evil that comes with having a Claims-Made malpractice insurance policy. It's expensive, yet critically important to ensure your long-term protection against claims. But what happens if you forget to buy the tail? Or if you were promised a tail by a previous employer, and they dropped the ball? In today's episode we're going to tell you what to do IMMEDIATELY upon discovering that your tail has lapsed to help you minimize the damage and fix it, if at all possible.1:07 What happens if you don't have tail insurance2:52 What to do if you're accidentally bare4:14 Stand alone tail4:42 Getting a new backdated policy5:54 No Known Loss Statement6:54 Non-standard carriers8:06 How to make sure you secure tail insurance10:00 Let Aegis help!

Do you need to buy malpractice insurance in 2023? If you're a resident or fellow who will be finishing up training this year OR you're an established practitioner looking to make a possible change, we've got some tips for you as you start the process of shopping around for your medmal coverage. As the market continues to evolve, you need to be positioned to make the best choice so that you can get quick, affordable, yet comprehensive coverage for your job. And we've got some pointers for you.1:07 Soft Markets and Hard Markets2:24 Tip 1: Get a good agent3:27 Tip 2: Get quotes from multiple carriers4:09 Key considerations when comparing carriers5:07 Tip 3: Get Claims-Made and Occurrence quotes6:35 Tip 4: Get future rate projections7:15 Future rate projection example9:37 Tip 5: Start the application process early11:34 Let Aegis help!

In today's episode, we're going to do a quick question and answer session and I'm going to share some reflections on the malpractice market in 2022. After 20 years in the industry, no 2 years have ever been the same. And this year is no exception.0:50 How does 2022 compare to years past?3:39 Medmal trends in 20225:52 How are malpractice insurance carriers evolving?8:18 Where does medmal need to improve?10:03 What to expect in 2023**********Contact us!**********

Today we're continuing our new Mail Bag segment with some more “real life” scenarios to talk through. We're going to talk about what questions you should be asking potential employers regarding the type of malpractice coverage they'll be offering you, how to find a more competitive policy option when you've had previous insurance lapse, and how to choose between Occurrence and Claims-Made coverage when you're a solo provider.

If you're joining a practice or working for a hospital or large health network, your options for malpractice insurance will be limited… you'll just get the same coverage as everyone else in the group. But if you're practicing on your own, YOU get to call your own shots. This can be both empowering and a little intimidating. What kind of policy should you get? How do you make sure you pick the right coverage that will keep you protected, while also keeping your budget in mind? In today's episode, we'll give you some thoughts on the best type of malpractice policy for self-employed doctors. And the answer might surprise you!

When you're shopping around for malpractice insurance, price is always a key consideration. In fact, it's usually the FIRST thing doctors look at when they're given multiple quotes from different carriers. But beyond price, what ELSE should you be looking for in a quality malpractice insurance policy? If the rates are relatively similar, what makes one option better than another? And is there ever a time when it's worth paying MORE for a policy? In today's episode we're going to give you a list of 5 key things to look at besides price to make sure that you're getting the best protection for your hard-earned dollar.

Buying medical malpractice insurance can be a time-consuming, frustrating process. There are many different companies to choose from, policy types to understand and coverage nuances that can make it difficult to really know if you're getting the best coverage at the best price. So, often doctors will work with an agent to help them compare options in the market. And the more agents you work with, the more options you'll get – right? Well, in today's episode we're going to show you why this is actually NOT the best approach and show you the 4 problems with working with multiple agents. And by the end of this episode you'll know how you can streamline your quote process to ensure you're getting the best options as quickly as possible. 1:17 Direct vs. Independent Agents2:44 Pricing3:51 Why not use multiple agents?5:03 Problem: Agents Blocking the Market6:11 Problem: Agents with Misguided Intentions7:46 Problem: Unnecessary Work (For You!)8:56 Problem: Loss of Leverage10:49 Let Aegis Help!**********Contact us!**********

Today we're continuing our new Mail Bag segment with some more “real life” scenarios to talk through. We're going to talk about a situation where a doctor got STUCK with an unexpected tail obligation, how to successfully hire self-employed providers, and key considerations when you're just starting private practice after fellowship.

Across the country, malpractice insurance rates are starting to creep up little by little. And the reason for this (at least, in part) is due to a hardening market. So, what exactly is a hard market in malpractice insurance terms? And why does it matter to you? Today we're going to unpack this topic and give you a simplified definition of a hard market PLUS give you some tips on how you can navigate it successfully – so that you can ensure that you'll stay protected while keeping your rates as low as possible.