Not fully understanding your most important coverage features Many extremely costly mistakes can be made while purchasing a complex malpractice insurance policy.  A relatively easy amount of education will go a very long way in protecting your practice from defending an uninsured lawsuit or simply from making costly mistakes comparing policy features like “tails”, “triggers”,

Many medical practice administrators are unaware that most payroll companies and PEOs will allow them to carve out the workers’ compensation coverage in order to join a dividend program. The workers’ compensation coverage is not a priority for payroll companies and PEOs. They are usually willing to work with you in order to maintain the

Not working with the right agent or broker Find an independent agent specializing in malpractice insurance placement for your type of practice setting (solo, group, hospital, nursing home, etc.) and one who has an educational approach versus a sales orientation.  Your agent should be strong enough within the malpractice insurance marketplace to fully and competently

By Matt Gracey Florida doctors are now enjoying a very “soft” buyer-centered market cycle, although I believe this is close to ending.  Back in 2000 we were in a similar market cycle, which led to many insurers pulling out of the state and the others dramatically increasing their malpractice-insurance rates a year or two later.