On a daily basis, I receive inquires from physicians requesting quotes for their Professional Liability Insurance (malpractice).  I am often asked, “Why is it that some malpractice insurance companies charge a premium that can be 25%-30% lower than my current policy?”.  The assumption is that because some companies offer a more attractive premium, that the coverage is not as adequate or doesn’t provide the same benefits.  However, this is usually not the case. In a…

When physicians are faced with shopping a current professional liability policy or purchasing a new policy, they will be presented options from many different types of carriers that each has advantages and disadvantages.  Often, the needs of the physician and his or her practice will lend itself to a specific type of insurance carrier.  In this article, we will provide insight into the different kinds of companies and what they can offer to the healthcare…

I recently assisted a local OB/GYN with obtaining high quality, affordable medical malpractice insurance coverage with an “A-rated” carrier when she believed that no standard, admitted carrier would be willing to cover her. Until her one-and-only claim was settled for $750,000, this physician had been practicing obstetrics and gynecology for 20 years without ever having a malpractice insurance claim filed against her. In fact—her record was spotless for those 20 years. While she had done…