Malpractice Insights artwork

Malpractice Insights

116 episodes - English - Latest episode: 4 months ago - ★★★★★ - 34 ratings

Welcome to Malpractice Insights! A podcast dedicated to helping healthcare professionals navigate the world of medical malpractice insurance. Whether you’re a resident or fellow getting primed to start private practice or a veteran doctor looking to sharpen your skills, we’re covering the topics our clients are curious about — from need-to-know info on malpractice coverage in the COVID era to tips on improving bedside manner. Join host Jennifer Wiggins for new episodes every week and follow us on your favorite social media platform to join the conversation.

Medicine Health & Fitness Business Careers malpractice insurance medical insurance medical malpractice
Homepage Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed

Episodes

Malpractice Insights Mail Bag: A Six-Figure Tail Insurance Bill???

November 29, 2023 13:00 - 11 minutes - 8 MB

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!********** 📱💻 aegismalpractic...

Should You Stay with the Same Carrier for a Long time? Here are the Pros and Cons!

November 22, 2023 13:00 - 11 minutes - 7.66 MB

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 dec...

One Point of Contact for ALL your Insurance Needs? Five Reasons Why It's a BAD Idea!

November 15, 2023 13:00 - 11 minutes - 7.66 MB

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 po...

What Happens If I Get Sued???

November 08, 2023 13:00 - 10 minutes - 7.04 MB

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 an...

Mail Bag: Medmal in a RUSH, Timing Your Credentialing, Structuring Locum Tenens

November 01, 2023 12:00 - 13 minutes - 9.19 MB

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 Rush 4:48 Timing Your Credentialing 8:18 Structuring Locum Tenens **********Contact us!********** 📱💻 aegismalpractice.com 📞 888.51AEGIS [888.512.3447] **********Follow us ...

"I'm a Medical Student. Do I ACTUALLY Need Malpractice Insurance?"

October 25, 2023 12:00 - 6 minutes - 4.58 MB

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. For the BLOG on this topic, visit: https://aegismalpractice.co...

Limited or Unlimited Tail? Which Should I Choose???

October 18, 2023 12:00 - 8 minutes - 6.11 MB

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? 💻 For the BLOG on...

The BEST Way to Get Entity Coverage for Your Start-Up

October 04, 2023 12:00 - 8 minutes - 5.69 MB

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 – with...

Mail Bag: Unexpected rate increases and coverage a new practice on a budget

September 27, 2023 12:00 - 14 minutes - 10.2 MB

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 increases 4:55 Coverage for medical directors 8:44 Budget friendly tips on covering a new practice **********Contact us!********** 📱💻 aegismalpractic...

Can I Switch from Claims-Made to Occurrence Coverage?

September 20, 2023 12:00 - 9 minutes - 6.71 MB

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 awar...

Supplemental Malpractice Insurance: How to Tell if You NEED it!

September 06, 2023 12:00 - 10 minutes - 6.98 MB

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 ...

Non-Standard Malpractice Policies: What to know before you accept coverage!

August 23, 2023 12:00 - 12 minutes - 8.76 MB

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 ...

Mail Bag: Medmal AFTER being Bare, Consent to Settle, Onboarding and Offboarding

August 09, 2023 12:00 - 13 minutes - 8.98 MB

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 settle 5:20 Advice for onboarding and offboarding 9:06 Malpractice insurance after being bare **********Contact us!********** 📱💻 aegismalpractice.com 📞 888.51...

How to Reduce Your Malpractice Insurance Premium

August 02, 2023 12:00 - 13 minutes - 9.46 MB

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 specifica...

The BEST Way to Keep Track of Your Medmal Policy History!

July 26, 2023 12:00 - 9 minutes - 6.89 MB

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 givi...

Claims-Made Step Factors: Why are my malpractice premiums INCREASING?!

July 19, 2023 12:00 - 12 minutes - 8.54 MB

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 ...

100th Episode Special: Top Malpractice Insurance Tips for Doctors!

July 05, 2023 12:00 - 14 minutes - 9.93 MB

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 a...

Four Things You Didn't Realize Your Malpractice Insurance (likely) Covers!

June 28, 2023 12:00 - 10 minutes - 7.25 MB

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 ...

How to Break Up With Your Employer and GO SOLO!

June 21, 2023 12:00 - 10 minutes - 7.02 MB

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 questio...

Mail Bag: Accidentally Bare, Telemedicine Options, and Getting Started as a New Grad

June 14, 2023 12:00 - 12 minutes - 8.33 MB

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 owners 3:54 Insurance options for a telemedicine group 7:43 "I thought my employer bought my tail, but they DIDN'T Now what?!" ******...

How is Your Medmal Premium Calculated? And How Can You REDUCE YOUR COST?

June 07, 2023 12:00 - 11 minutes - 7.6 MB

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-...

Claims-Made or Occurrence: What Type Should I Buy?

May 24, 2023 12:00 - 14 minutes - 9.79 MB

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 ...

Tail Insurance: What if I DON'T buy it?!

May 17, 2023 12:00 - 12 minutes - 8.42 MB

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 qui...

Mail Bag: No Tail, Healthcare Franchises, and an Uncooperative Doctor?

May 10, 2023 12:00 - 10 minutes - 7.44 MB

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 Coverage 0:55 What to do if a new employer fails to secure your tail insurance 4:20 C...

Occurrence vs. Claims-Made...IN 5 MINUTES!

May 03, 2023 12:00 - 7 minutes - 5.07 MB

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...

Shopping for Malpractice Insurance WITHOUT Making the Carriers Mad!

April 26, 2023 12:00 - 10 minutes - 7.21 MB

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...

Malpractice Insurance for Concierge and Cash-Based Practices

April 19, 2023 12:00 - 8 minutes - 5.67 MB

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 abo...

Mail Bag: Moonlighting, New Grad Credits, and Shopping AFTER a free tail?!

April 12, 2023 12:00 - 9 minutes - 6.5 MB

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 practice 3:13 Discounts and credits for new grads 5:47 Can you shop around if you've already earned free tail? 🚨🚨🚨REL...

Switching Malpractice Insurance Agents? Here's HOW and WHEN to do it!

April 05, 2023 12:00 - 10 minutes - 7.31 MB

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...

What You NEED to know BEFORE You Get Malpractice Insurance Quotes

March 28, 2023 12:00 - 7 minutes - 5.22 MB

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 o...

What is Prior Acts Coverage and How Much Will it Cost?

March 22, 2023 12:00 - 12 minutes - 8.65 MB

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 ...

Mail Bag 8: Your Malpractice Insurance Questions...ANSWERED!

March 15, 2023 12:00 - 12 minutes - 8.67 MB

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 quo...

How to Shop for Medical Malpractice Insurance Like a PRO!

March 08, 2023 13:00 - 7 minutes - 5.47 MB

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 b...

How to FIRE Your Malpractice Insurance Agent

March 01, 2023 13:00 - 12 minutes - 8.67 MB

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 goi...

What's the Difference Between Occurrence Coverage and Pre-Paid Tail Insurance?

February 22, 2023 13:00 - 11 minutes - 8.03 MB

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-differe...

Mailbag 7: Your Malpractice Insurance Questions...ANSWERED!

February 15, 2023 13:00 - 10 minutes - 6.91 MB

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! *******...

Five Reasons CLAIMS-MADE COVERAGE Might Be Best For You!

February 08, 2023 13:00 - 9 minutes - 6.86 MB

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-co...

Five Reasons OCCURRENCE COVERAGE Might Be Best For You!

February 01, 2023 13:00 - 9 minutes - 6.27 MB

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...

Mailbag 6: Your Malpractice Questions...ANSWERED!

January 18, 2023 13:00 - 9 minutes - 6.49 MB

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 policy 4:35 Coverage options when taking over a practice 6:24 Coverage for direct primary care physicians 8:34 Let Aegis help! ***...

What is Medical Malpractice and How Does Someone Prove It?

January 18, 2023 13:00 - 8 minutes - 5.9 MB

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-some...

"I forgot to buy tail insurance! NOW WHAT?"

January 11, 2023 13:00 - 10 minutes - 7.5 MB

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 possi...

Top 5 Tips for Buying Malpractice Insurance in 2023

January 04, 2023 13:00 - 12 minutes - 8.58 MB

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...

Trends, Carriers, and Markets: Looking Back at Malpractice Insurance in 2022

December 28, 2022 13:00 - 12 minutes - 8.56 MB

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 2022 5:52 How are malpractice insurance carriers evolving? 8:18 Where does medmal need to improve? 10:03 What to expect in 2023 **********Contact us!********** 📱💻 aegismalpractice.c...

Mail Bag 5: Your Malpractice Questions...ANSWERED!

December 21, 2022 13:00 - 14 minutes - 9.66 MB

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. 📱💻 RELATED EPISODES 📱💻 Understanding Consent to Settle https://yo...

What's the BEST malpractice policy for SELF-EMPLOYED doctors?

December 14, 2022 13:00 - 10 minutes - 7.39 MB

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 epis...

FIVE Things to Look for in a Quality Malpractice Policy

December 07, 2022 13:00 - 10 minutes - 6.99 MB

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 l...

Should I Use MORE THAN ONE AGENT To Help Me Get Malpractice Insurance?

November 30, 2022 13:00 - 11 minutes - 8.06 MB

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...

Mail Bag 4: Your Malpractice Questions ANSWERED

November 16, 2022 13:00 - 12 minutes - 8.75 MB

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. 📱RELATED EPISODES📱 How to Successfully Negotiate Tail Insurance: https://youtu.be/q-tQe_ofRWI 0:54 Handling and unexpected tail bill 5:20 How to cover independ...

Malpractice Insurance During a Hard Market: WHAT TO DO

November 09, 2022 13:00 - 8 minutes - 6.03 MB

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 ...

How Long Do I Need to Carry Tail Insurance?

November 02, 2022 12:00 - 10 minutes - 6.91 MB

Tail insurance is that necessary evil that you need to take care of after you’ve cancelled a Claims-Made policy. But the problem with tail is that it’s expensive – sometimes VERY expensive. So, often doctors will ask us about reducing the terms of the tail to keep costs down. But, this can be a dangerous proposition. So today we’re going to answer the question “How long do I need to carry tail insurance?" And by the end of this episode, you’ll have all the facts lined up so that you can make...

Twitter Mentions

@aegismedmal 116 Episodes