Feb 4, 2020
The past 5-10 years have been a 'buyers market' for independent physicians in search of medical malpractice insurance coverage. Pricing has been going down year over year and more carriers are entering the market. In the last year, we have seen 7 insurance companies go insolvent. Underpriced coverage, large judgements, reinsurance availability and carriers operating at an underwriting loss are factors pointing towards a hardening malpractice marketplace.
It is important that independent physicians understand their
options. Malpractice contracts can be complicated, and sometimes
even confusing for a provider who is navigating the selection of
the best possible contract, at the best possible rate, or to meet a
specific need. The goal of this podcast is to share insights on
claims trends and the other forces that determine pricing; examine
the basics of medical malpractice insurance terms, and the various
contracts available to the indepdendent physician; and provide tips
on risk management strategies to mitigate risk to malpractice
claims.