BY VANESSA ORR As premiums continue to increase for professional liability coverage, a number of physicians are choosing to self-insure, or “go bare.” And while Florida law does not require physicians to have professional liability insurance, the risks far outweigh the rewards. “Self-insuring is analogous to having a home that, because you paid the mortgage
BY VANESSA ORR As the legal saying goes, there are three sides to every story: the plaintiff’s side, the defense’s side, and the truth, which is somewhere in the middle. And while courts and juries used to be able to come to a conclusion based on the facts, in these days of social inflation, perception
BY VANESSA ORR As premiums continue to increase for professional liability coverage, a number of physicians are choosing to self-insure, or “go bare.” And while Florida law does not require physicians to have professional liability insurance, the risks far outweigh the rewards. “Self-insuring is analogous to having a home that, because you paid the mortgage
BY VANESSA ORR One of the latest trends in the Florida malpractice insurance market is companies from out of state moving in to write policies for local physicians. What they don’t understand, according to Matt Gracey, managing director, Risk Strategies, Danna-Gracey, is that it’s not as easy as it looks. “There’s a whole movement of
By Vanessa Orr As jury awards have gotten larger over the past decade, it has had a significant impact on the legal environment, especially those awards being made against corporations and doctors. One of the reasons for this is social inflation, a term that is used to describe the increasing amount of awards that juries
By Vanessa Orr As if the past couple of years haven’t been difficult enough, physicians are now starting to feel the pain of medical professional liability rate increases. “Major carriers are really concerned about current rate adequacy,” explained Medical Malpractice and Workers’ Compensation Specialist Tom Murphy at Danna-Gracey, the largest medical malpractice insurance agency in
By Vanessa Orr Each day there is more breaking news on the COVID front, and with the release of the Occupational Safety and Health Administration’s (OSHA) new guidelines for the healthcare industry on June 21, 2021, it’s important that those working in hospitals, medical practices, long-term care facilities and other healthcare operations be made aware
By Vanessa Orr For the past 20 years, Danna-Gracey, the largest independent medical malpractice insurance agency in Florida, has dedicated itself to providing insurance coverage placement for doctors and other health care providers. As a result of its recent merger with Risk Strategies, a leading national specialty insurance brokerage and risk management firm, the company
By Vanessa Orr Malpractice insurance is one of the largest expense items that health care professionals have, so it’s important to find ways to save money while still receiving the proper coverage. Purchasing groups, in which a group of doctors buy insurance together, have numerous benefits in addition to decreasing premiums. “We’ve found purchasing groups
By Vanessa Orr As businesses begin to open back up, employers are facing a myriad of issues pertaining to employee and patient safety. Some employees are ready to work but are afraid of contracting the virus; others may refuse to follow CDC guidelines, despite these rules being in place to ensure a safe reopening. Still