Category Archives: General

Individual APP Policies Can Result in Costly Surprises

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By Vanessa Orr It is very common in most medical practices to have advanced practice providers (APP) such as physician assistants, nurse practitioners, registered nurses, surgical assistants and more listed on the practice’s malpractice insurance. Through this policy, they may either share in the limit of liability or have a separate limit of their own,

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Hardening Malpractice Market Means Physicians Will See Higher Rates, Fewer Discounts

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By Vanessa Orr For the last 13 years, the Florida malpractice insurance industry has remained relatively soft, which is good news for physicians and medical practices. Unfortunately, the days of lower premiums, discounts and credits are slowly disappearing. “We haven’t seen a hardening market since 2002-07, and back then, it was really bad,” explained Medical

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Advanced Practice Providers’ (APPs) Increased Practice Means Increased Risk

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By Daniel Casciato Healthcare professionals want to prevent any potential legal actions as it relates to the excellent care they provide to their patients. This includes advanced practice providers (APPs), such as Nurse Practitioners who now face similar legal issues to those experienced by physicians and other medical providers. According to Tom Murphy, a Med

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Medical Malpractice “Shock Loss” Claims are on the rise

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by Matt Gracey Insurance underwriters use simple loss ratios (losses and expenses divided by premiums) as one of the tools with which to gauge a company’s suitability for coverage. High loss ratios, in which the losses approach, equal, or exceed the premium, are not good. One factor that has a large effect on loss ratios

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Employment Practices Liability Insurance

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Tweet!function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0],p=/^http:/.test(d.location)?'http':'https';if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src=p+'://platform.twitter.com/widgets.js';fjs.parentNode.insertBefore(js,fjs);}}(document, 'script', 'twitter-wjs'); By Bill Gompers Employment Practices Liability Insurance (EPLI) coverage protects an employer against employment practices liability (EPL) claims of discrimination (age, sex, race, disability, etc.), wrongful termination, and sexual harassment. Many medical practices and healthcare providers are not aware of this growing exposure and overlook the potential catastrophic loss they could
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State of the FL Med Mal Market – Hard Market Now Unfolding

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By Matt Gracey Just as the heat of summer begins and ushers in hurricane season here in Florida, unfortunately other dark clouds are forming in the market for doctors’ medical malpractice insurance. For the last twelve years malpractice premiums have steadily decreased until the last few years of flat prices. As the frequency and severity

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Cyber Security Training for Employees

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By Tom Murphy When it comes to preventing a data breach or cyber security issue at a medical practice, employers and employees should attempt to be as knowledgeable as possible to avoid making errors. This ultimately means that the practice needs a proven cyber security training program in place to make sure all employees are

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The “Key” to Buy/Sell Insurance

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By Wes Caldwell The “Key” to Buy/Sell Insurance I am often contacted by clients inquiring about key man insurance. After asking a few questions to determine what they are trying to accomplish, it usually turns out that they are actually looking for buy/sell insurance. In fact, these types of insurance, for the most part, do

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The Med Mal Insurance Storm of 2020

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By Julie Danna I was living in Panama City, FL when Hurricane Michael pretty much destroyed the community. The storm hit the Panhandle so quickly that we barely had time to prepare. This experience made me reflect on the harsh, destructive medical malpractice insurance crisis that hit Florida back in the late 1990s/early 2000s. I

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Jury Verdicts Against Doctors Skyrocketing

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Bu Matt Gracey They are called “shock losses” but industry experts are no longer shocked, but rather in a state that I would best describe as numb. Juries around the country are awarding mind blowing amounts to patients suing their doctors in medical malpractice cases. Lawsuits that end in awards over $10,000,000 against doctors are

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