Category Archives: Medical Professional Liability Insurance

Physicians Malpractice – Expect the Best

Physician Malpractice

 

Physicians Malpractice – Expect the Best

What every physician hopes for, when stepping into a room to see a patient, is the best possible outcome for that patient.

Family Medicine and Internal Medicine Physicians often form long-term and trusting bonds with patients and their families, yet are the two specialties most often sued for physician malpractice.1

More than 42 percent of all U.S. physicians, including surgeons, have been sued for malpractice during the course of their careers and nearly three quarters of physicians who were named in a physician malpractice suit said they were astonished to learn that they were being sued.2

More than 42 percent of all U.S. physicians, including surgeons, have been sued for malpractice during the course of their careers

The emotional toll of a malpractice suit can be high. When a physician gets the dreaded call or subpoena saying that they have been named in a suit, they often experience high levels of stress and anxiety, question their competency, judgement and decision making skills, and may even treat their patients differently.

Medical Malpractice InsuranceIt’s difficult not to take a malpractice suit personally. Family Practice and Internal Medicine physicians often see a high volume of patients, which, in part, may account for the higher volume of malpractice suits. Their patients are often chronic, with limited treatment options. It helps to remember, “that litigation is about compensation, not competence, that those who are sued are often the best in their field, working with sick and high-risk patients, and that most physicians are eventually vindicated.3

Whether a physician malpractice suit is settled out of court or goes to trial, the process can take months or years to resolve. Having a good support system and establishing a good rapport with an insurer can reduce the stress and anxiety that is created by a malpractice suit.

… litigation is about compensation, not competence, that those who are sued are often the best in their field, working with sick and high-risk patients, and that most physicians are eventually vindicated.

Because a physician’s reputation is at stake, most physicians feel that settling a malpractice suit carries a subtle admission of guilt. The majority of physicians report that their insurers reviewed their cases, worked with them, and did not require them to settle. About 25 percent of physician malpractice suits were dismissed prior to depositions but nearly half of the cases went to depositions while 21 per cent went all the way to trial.4

While most physicians say they were blindsided by their malpractice suits, many say that  they have learned to trust their instincts when they see a “red flag.” Following up with a patient, even if it is not absolutely necessary, documenting more often, documenting more thoroughly and discharging rude, demanding and non-compliant patients can help reduce the risk of malpractice suits.5

On the bright side, most physicians report the best possible outcomes after a suit has been resolved. They  report that the results of their malpractice suit were fair and that colleagues were supportive  both during and after the suit was resolved. They say that their patients were either   not aware of the suit or didn’t mention it and continued their relationship with the physician.

Fortunately, most physicians report no long-term emotional effects after resolution of their malpractice suit and still step into a room with a patient, hoping for the best possible outcome for that patient.


Doctors need a dependable and affordable insurance policy that can be trusted to protect their careers as well as their finances, so that they can concentrate on what they do best — treating their patients.

Please click here to  contact Insurance Innovations today to speak with a dedicated professional.


Sources:
1 Kane, CK, Policy research perspectives: medical liability claim frequency: a 2007-2008 snapshot of physicians. American Medical Association. 2010
2 Journal of the American College of Surgeons Volume 213, Issue 5 , Pages 657-667, November 2011 Personal Consequences of Malpractice Lawsuits on American Surgeons
3 Western Journal of Medicine Coping with a medical Malpractice suit, Sara C Charles, Copyright 2001 BMJ Publishing Group.
4 Medscape Malpractice Report: The Experience of Getting Sued, Leslie Kane, MA, July 24, 2013.
5 Medscape Malpractice Report, July 24, 2013.
6 Medscape Malpractice Report, July 24, 2013

Malpractice Pitfalls for Dentist and Physicians

Dental Malpractice Insurance

Seven Common Malpractice Pitfalls for Dentist and Physicians

When a malpractice suit is filed against a Dentist or Physician, claims supervisors evaluate the case and all too often, claims are settled due to faulty communication and documentation practices.  These pitfalls both contribute to the circumstances that may have led to the patient’s injury and hinder the ability to effectively defend the doctor.  There is a great deal of overlap between these pitfalls because they mostly involve similar types of errors committed in different situations.

 

  1. Failure to Communicate with patients -Your communication skills are important to your patients’ satisfaction with your care and their perception of your professionalism and competence. The top three characteristics that patients rank as important in a 2009 survey was that their doctor pays attention to their concerns, is compassionate, and speaks in terms they can understand.  It’s important to listen to your patients.  Sometimes the doctor that is overworked , running behind schedule and struggling to catch up too often cuts the patient off before gathering the information needed to make a correct diagnosis.  Show empathy your patients want you to care about them as people.  When they’re suffering, they want you to show that you relate to their pain.
  2. Maintaining Illegible or Incomplete Charts – Never forget that the purpose of the medical chart is to provide for continuity of patient care and further more medical records are legal documents. Overtime you may have developed some time saving shortcuts when documenting charts just be aware that if these shortcuts diminish the quality of care you deliver, and if they result in a malpractice suit, the benefits of any shortcuts will be dwarfed by the consequences.
  3. Inappropriate Actions by Office Staff – It is important to remember that you can be held vicariously liable for patient injuries resulting from actions by your staff or others that you supervise.  Even experienced, trusted employees with the best intentions will sometimes expose you to liability by overstepping their roles. Define your staffs duties in writing.  Practices are advised to have a printed manual that defines job descriptions for each position as well as practice policies and procedures.
  4. Failure to order or follow up on Test Reports – You have a duty to read and follow up on any tests you order.  Remember that you are responsible for following up on tests results. A common source of malpractice claims is the failure to keep track of test and consultation reports.  If you do not have a tracking system in place, a significant report will eventually slip through the cracks.  A difficult situation is created when patients are told that they will only be contacted if their test results are abnormal.  If a report is lost or misfiled, the patient is left to assume that “no news is good news”.
  5. Failure to refer, track referrals and communicate with the Referring Physician – All doctors need to put patient safety first.  When you refer a patient, you should forward the medical records or at least a narrative summary of the salient information.  But simply arranging for the patient to be seen by a specialist does not mean you have made an effective referral.
  6. Prescribing Medications Inappropriately – At least 1.5 million patients are injured every year by medication errors, according to a study by the National Institute of Medicine.  Of the many types of medication errors, those that can be difficult to defend involve patients who suffer a catastrophic reaction to a drug to which that was a known allergy. Drug allergies should be posted prominently on the chart and reviewed before before prescribing.  Prescribing decisions should be carefully considered.  Known allergies aside, patients can suffer from unpredictable adverse drug reactions under a variety of circumstances.  Drugs most frequently involved in medication error claims are narcotic analgesics.  This is due, in part, to changes in physician attitudes toward prescribing opioid pain relievers.
  7. Obtaining and documenting informed consent – Informed consent is an extension of the doctrine of patient autonomy, which holds that the patient has the right to decide what is done to his or her body, including the right to refuse life-saving treatment.  While a patient’s consent is required it does not have to be written in all circumstances  but the absence of it may lead to legal presumption that the patient did not consent to treatment.  Therefore it is to your advantage to obtain written consent whenever possible.

Very little of the above information and suggestions should come as a surprise to you.  All of the pitfalls are lapses in what should be standard communication and documentation practice in every medical practice.

Do you need a malpractice insurance policy click here or call 888-871-9096 Ext 5193 for a quote?

 All contents provided here are for informational purposes only. The owner of this blog makes no representations as to the accuracy or completeness of any information on this site or found by following any link on this site.  Always consult your legal counselor or adviser as to the suitability of using this information in your business or practice.

Managing Patient Complaints and Improving Satisfaction

MANAGING PATIENT COMPLAINTS AND IMPROVING SATISFACTION 

The goal of most physicians and dentists is to have their practice operate efficiently.  But we all know patient complaints are inevitable.  Unfortunately not all patient complaints are handled correctly causing unfavorable consequences making complaint management a priority in all practices.

WHAT CONFERS TO PATIENT SATISFACTION

A patient’s positive view of their experience contributes to their satisfaction and overall experience. While there are many components to a patients satisfaction, their main concern is the relationship with their healthcare provider.  Patients count on the quality of care and trust from their dentists or physicians.

However a patients satisfaction also includes many other aspects of their appointments such as scheduling of their dentist appointment.  Or even the ease of parking at their physician’s office.  A patient may even notice how comfortable or inviting the physician’s office is.  But the most often complaints are made about how the patient feels about the way they were treated more than the medical skills of their dentist or physician.

GRASP THE OPPORTUNITY

For dentist and physicians offices this feedback is an opportunity to understand the patient’s experience and use the information provided as a means to strengthen and improve the practice and relationship with their patients. Most of the time complaints are made because the patient wants to speak with their healthcare provider for some kind of explanation, an apology, or reassurance.

Dealing with complaints is a powerful and different process for each dentist or physician.  If a complaint is dealt with promptly and effectively a dentist or physician can develop loyal patients, and improve patient outcomes.  Dealing with complaints can positively impact the overall performance of  a practice as well as reduce costs involved with handling complaints.  Well managed complaints reduce stress and staff turnover.  Dealing with complaints effectively can prevent these complaints from becoming formal legal claims.

Your can read the complete article on managing patient complaints here in the TMLT REPORTER

If you are looking for professional liability insurance we can help Click here for more information.

Attention Florida Physicians

 

Attention Florida Physicians, Insurance Innovations  can write your malpractice insurance. We have many carriers to choose from and one of these carriers is Physicians Insurance Company.   Physicians Insurance Company is nationally recognized as a preferred physician professional liability program.  Their goal is to provide broad coverage, stable competitive rates, unparalleled service and program discounts to preferred physicians. Because they only insure uniquely selected physicians, your premium dollars are not subsidizing high risk groups or individuals.

 Click here for an online rate indication from Physicians Insurance Company.  

Florida Physicians need something to smile about.

GET AN ONLINE RATE INDICATION TODAY! 

As a Florida Physicians you want a company with years of professional liability experience, Insurance Innovations and Physicians Insurance Company are who you want to protect your practice.  PIC’s underwriting and claims professionals are some of the best in the industry. We can offer you unparalleled service, stable and competitive rates, broad coverage and an aggressive litigation defense should you ever need it.

Keep smiling, it only gets better.

Our program benefits have flexible payment plans with interest free payments, we have 24 hour application turn-around, medical license coverage, HIPAA legal defense, Medicaid/Medicare legal defense coverage, incident sensitive claims trigger, free tail after 5 years of continuous coverage and retirement, cyber liability coverage along with secure web access.

We believe your relationship with us begins at the moment you call for a quote.  You can expect excellent customer service, all accompanying documents within 24 hours of binding your coverage with Physicians Insurance Company.  You can expect to receive an accurate policy, correct no-hassle billing, timely certificate requests and, knowledgeable insurance professionals along with  a carrier that has your best interest at heart.

Obtaining medical malpractice  insurance need not take too much of your valuable time.  When you work with a leader in protecting your practice.  A quick phone call will give you an estimate of premium and additional discounts maybe available with a completed application.

Insurance Innovations is a leader in providing professional liability insurance.  To learn more, contact Insurance Innovations or click here for an online rate indication  where years of proven performance in delivering professional liability insurance means you benefit from an experienced staff ready to answer your questions,  understand your goals and connect you to the policy that fits your needs. Please do not hesitate to call us to speak with a knowledgeable agent at 888-871-9096 Ext 5193.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Patient Safety – Ten Leading Strategies

Medical Malpractice Insurance

 

 

A report published by the Agency for Healthcare Research and Quality (AHRQ), highlights 10 key principles for increasing patient safety. The report says improvements have been made in certain areas, such as falls, central line infections, and surgical complications.  But it also says we have a long way to go in keeping patients safe.

The 10 strategies that are strongly recommended.

These 10 strategies can greatly improve patient safety and save lives by preventing harmful events such as medication errors, bed sores, and health care-associated infections.

  1. Preoperative  and anesthesia checklists to prevent operative and postoperative events
  2. Bundles that include checklists to prevent central line-associated bloodstream infections
  3. Interventions to reduce urinary catheter use, including catheter reminders, stop orders, or nurse-initiated removal protocols
  4. Bundles that include head-of-bed elevation, sedation vacation,  oral care with chlorhexidine,and subglottic suctioning endotracheal tubes to prevent ventilator-associated pneumonia
  5. Hand Hygiene
  6. The do-not-use list for hazardous abbreviations
  7. Multicomponent interventions to reduce pressure ulcers
  8. Barrier precautions to prevent healthcare-associated infections
  9. Use of real-time ultrasonography for central line placement
  10. Interventions to improve prophylaxis for venous thromboembolisms.

View the full findings on the Infection Control Today (ICT) site.

As a physician, what steps do you currently take to enhance your patient’s safety?

Get a physician’s malpractice quote today.  Or call 888-71-9096 Ext 5193.

Insurance Innovations is a leader in providing medical professional liability insurance.  Our practice is simple:  Provide unmatched service and value for our customers through a quality array of insurance products, programs and expertise.

All contents provided here are for informational purposes only. The owner of this blog makes no representations as to the accuracy or completeness of any information on this site or found by following any link on this site.  Always consult your legal counselor or advisor as to the suitability of using this information in your business or practice.

Malpractice Insurance-What Physicians Must Know

Physician assistant malpractice insurance

Malpractice Insurance-Do you need it?

Malpractice insurance is a necessary expense because it protects a physician and his practice from having to pay the full cost of legal defense in case a patient or their representatives files a malpractice suit.  Malpractice insurance is also know as medical professional liability insurance.  Very few physicians have the resources available to pay a settlement that can cost hundreds of thousands of dollars plus the legal expenses can cost more or as much as the settlement.

What kind of malpractice insurance policy should I purchase?

Malpractice policies come in 2 different covers, occurrence-based and claims made.  An occurrence policy provides coverage against incidents that occurred during the policy period regardless of when the claim was made.  A claims made policy covers the physicians for any incidents that happened during the policy period as long as the claim is filed during the policy term and within the retroactive date.

Claims made policies are usually less expensive than an occurrence policy.  For this reason a physician purchasing his own malpractice insurance will choose to buy a claims-made policy.  However if a physician knows that he maybe changing employment and malpractice insurance he may want to compare prices of purchasing tail coverage on his claims made policy and the cost of an occurrence policy. The physician can also try and negotiate his retro active coverage as part of his new employment.

Insurance Innovations is a leader in providing malpractice insurance.  Please call us at 888-871-9096 Ext 5193 to speak with a knowledgeable agent.  Or email us at info@insinnovations.com

All contents provided here are for informational purposes only. The owner of this blog makes no representations as to the accuracy or completeness of any information on this site or found by following any link on this site.  Always consult your legal counselor or advisor as to the suitability of using this information in your business or practice.

Physicians Stand Alone Tail Coverage

Physicians Malpractice Insurance Personality

It’s no secret that America is a litigious society where people have few hesitations about taking their disputes to court.  So for physicians the specter of a malpractice suite, whether it has merit or not, hangs constantly over their practice.

According to statistics from the National Practitioners Data Bank, in 2012 a total of 12,142 malpractice payouts equaled a cash award every 43 minutes.  And even if the court finds in favor of the defendant (you), the legal and court fees you incur can be disastrous.  Physicians professional liability insurance more commonly known as med mal is designed to protect your interests in the event of a malpractice lawsuit.

To ensure you have complete protection, opt for stand alone tail coverage.  This type of policy provides protection from claims made against you during the years after your claims made policy expired.  An example of physicians tail coverage might included a claim made against a physician who has left a practice, or one against you tied to your past employment.

Peace of mind

Physicians stand alone tail coverage delivers considerable returns  on your investment.  You can move freely from one practice to another without losing malpractice coverage.

Finding a Stand Alone Tail policy is easy, Insurance Innovations has great rates on Stand Alone Tail coverage.  Get a quote today.  

Physicians Being Sued: A Toltec Perspective

Physicians Malpractice Insurance

Physicians often have to make tough technical and ethical decisions. Sometimes even the best care and the best decisions result in a poor outcome or an outcome that did not meet a patient’s expectations.

Being named in a malpractice lawsuit feels like a personal attack, but it isn’t. Even the best doctors, those who are most caring, skilled and compassionate, can expect to face a physician malpractice suit some time in their career.

It’s difficult not to take it personally when you are named in a malpractice suit but there are some things you can do to ease some of the fear, stress and anger that arises when a case is brought against you.

We have some suggestions about how to stay calm and serene in the face of a lawsuit which sometimes takes months, or even years, to resolve.

Skull and Bones Carved Relief Chichen Itza

Skull and Bones Carved Relief, Chichén Itzá

The Four Agreements

The Four Agreements is a Native American philosophy of the Toltec Tribe. The Four Agreements are agreements that you make with yourself in order to live a serene life. They may sound simple, but they are not easy to integrate into our lives because we have been taught to place a high value the opinions and judgements of others and to seek their approval. The Toltecs look at things a little differently, especially when it comes to taking things personally.

The Four Agreements are:

  1. Be Impeccable with your Word.
  2. Don’t Take Anything Personally
  3. Don’t Make Assumptions
  4. Always Do Your Best

Being Named in a Malpractice Lawsuit: Don’t Take Anything Personally

The second agreement, Don’t Take Anything Personally, may be the most difficult one for a physician, or anyone, to practice or to understand.

When you understand that having a case made against you, especially if the case has no merit, has nothing to do with you personally, you can let go of that part of yourself that wants to make judgments about your competency, your hard work and compassion as a physician.

We are all living our lives based on everything we have been taught in the past and all our ideas, our likes and dislikes, have been formed by the way we have been taught to eat, dress, speak, think, socialize and even practice medicine.

If someone comes up to you and tells you that they don’t like your shirt, it’s not personal. It’s their opinion of what they think is a nice shirt. Even if someone comes up to you and says that they love your shirt, it’s not personal. It’s their opinion, their history with shirts, and has nothing to do with you.

When you understand that having a case made against you, especially if the case has no merit, has nothing to do with you personally, you can let go of that part of yourself that wants to make judgments about your competency, your hard work and compassion as a physician.

The Art of Letting Go

Physicians Malpractice Insurance PersonalityPhysicians are trained to look at a problem and find a solution. When you open the envelope that tells you that you’ve been named in a physician malpractice lawsuit, it’s natural to want to fix it.. and take care of it yourself.

It’s difficult to take a step back and let your legal team take over, but that’s the best thing to do for yourself.

One of the reasons Physicians Malpractice Insurance is so valuable, is that it allows you to turn your case over to a team of experts who are trained to handle physicians malpractice lawsuits.

You wouldn’t expect a lawyer to take care of your patients and lawyers don’t expect you to handle your lawsuit.

You can give them the information they need to do the best possible job on your behalf… and then you can let them do their work.

Their job is to protect you and your livelihood. Letting them do that for you can lift much of the burden off your shoulders, so that you can continue caring for the patients who need you and being with friends and family who want the best for you.


Insurance Innovations and Physicians Malpractice Insurance

Helping physicians find the best Physicians Malpractice Insurance is what Insurance Innovations has been doing since 1999.

Our staff is available to answer your questions and give you the information you need to get the most dependable, most affordable Physicians Malpractice Insurance available.

Contact Insurance Innovations to speak with a dedicated professional.


References:
Getting Sued: A Resident’s Perspective http://www.acep.org/content.aspx?id=22726
Medscape Malpractice Report http://www.medscape.com/features/slideshow/malpractice-report/public
Physicians’ Top Ethical Dilemmas http://www.medscape.com/features/slideshow/public/ethics2012
Natasha Deonarain, MD. MBA I was sued and lived to tell the tale http://www.kevinmd.com/blog/2013/01/sued-lived-tale.html
HAVE YOU BEEN SUED?…LET’S TALK!! http://www.mommd.com/forum/ubbthreads.php/topics/21665/HAVE_YOU_BEEN_SUED_LET_S_TALK
Four Agreements and Wisdom for Spiritual Warriors based in Common Sense http://www.toltecspirit.com

Medical Malpractice Insurance

Medical malpractice insurance

Medical Malpractice Insurance: Expect the Unexpected

In 2010, an 85-year-old California woman, who suffered from dementia, drove her car into oncoming traffic. She survived. Her long-time-boyfriend, who was sitting in the passenger seat, was killed.

The woman’s doctor was sued.

The family of the man in the passenger seat, alleged that the physician should have initiated a process to take away the patient’s driver’s license, and that, because he didn’t, he bears some responsibility for the death of her passenger.

California law states that doctors are required to report patients with, “disorders characterized by lapses of consciousness” to local health authorities, who, in turn, notify the Department of Motor Vehicles. The law allows doctors to use their clinical judgment to decide if a patient is too impaired to drive.

Two Years to Trial

medical malpractice insurance trialThe charges were brought against the physician in 2010, but the case did not get resolved until 2012.

That is not unusual. Most medical malpractice lawsuits take several months to several years to resolve. The cost to the victim’s family was devastating and so was cost to the physician and his patient.

Most physicians say that being on the receiving end of a lawsuit has “blind-sided” them, made them question their judgement and changed the way in which they deal with their patients, viewing them as possible litigants, rather than patients.

California law states that the “DMV (Department of Motor Vehicles) has determined that only drivers with dementia in the mild stages may still have the cognitive functions necessary to continue driving safely.”

In this case, the problem of an aging population, with doctors seeing more patients with dementia and other conditions related to aging, calls attention to the increased complexities and ethical dilemmas that physicians encounter.

One of the questions that arises in this particular case is, “At what point does a doctor have a responsibility to notify authorities that their patient may pose a risk if they get behind the wheel of a car?”

California law states that the “DMV (Department of Motor Vehicles) has determined that only drivers with dementia in the mild stages may still have the cognitive functions necessary to continue driving safely. DMV requires re-examination for all individuals reported to have mild dementia.”

At what point does a doctor have a responsibility to notify authorities that their patient may pose a risk if they get behind the wheel of a car?”

The Verdict

The jury found the doctor not guilty. Their decision stated that the doctor did not violate the standard of care when he decided that his patient was still fit to drive.

According to the Los Angeles Times, the doctor’s lawyer, “argued that there was no evidence that [the patient’s] dementia contributed to the accident or that the state Department of Motor Vehicles would have revoked her license if [the doctor] had reported her.”

Medical Malpractice Insurance

It isn’t difficult to imagine the emotional stress and anxiety that the physician underwent while waiting for the case to resolve. Having Medical Malpractice Insurance in place can do much to decrease the stress of a lawsuit.

What Medical Malpractice Insurance provides, is a team of experts who work on your behalf, so that you can concentrated on taking care of patients while they take care of the details of the claim made against you.

Even if a case made against you is without merit, it still has to be addressed and can take months or years to resolve. Knowing that a team is working on your behalf, to protect your livelihood, can ease much of the emotional and financial burden that comes with a lawsuit.


Insurance Innovations

Insurance Innovations partners with leading insurance carriers to provide medical professionals with the most dependable and cost effective Medical Malpractice Insurance policies available.

Our knowledgable staff will be glad to answer your questions or give you more information about Medical Malpractice Insurance.

Contact Insurance Innovations to speak with a dedicated professional.


References:
Jessica Garrison and Alan Zarembo Doctor sued over fatal crash by patient with dementia http://articles.latimes.com/2012/sep/07/local/la-me-elderly-drivers-20120907
Jessica Garrison and Alan Zarembo Doctor sued in demetia patient’s crash is found not liable http://latimesblogs.latimes.com/lanow/2012/09/doctor-sued-dementia-patient-crash.html
Dementia, Driving and California State Law http://www.caregiver.org/caregiver/jsp/content_node.jsp?nodeid=433

Professional Liability Insurance in Florida

Professional Liability Insurance in Florida

The State of Professional Liability Lawsuits in the State of Florida

Did you know that Floridians filed a total of 164,414 civil lawsuits throughout the state in just the first six months of 2012? And the annual cost to the US economy for civil lawsuits is $233 billion, a cost of about $809 a year for each US citizen.

Although there has been a steady decline in the amount of medical malpractice payouts in the US since 2003, there were more than 12,000 payouts made in 2012. That’s about one medical malpractice payout every 43 minutes.

Numbers from 2012 show that just five states represent 48% of those payouts:

  1. New York: $763,088,250
  2. Pennsylvania: $316,167,500
  3. California: $222,926,200
  4. New Jersey: $206,668,250
  5. Florida: $203,671,100

The bulk of payments made…93%…were from settlements rather than judgements.

medical malpractice insuranceFlorida’s Medical Malpractice Law

Last year, Florida’s new Medical Malpractice Law was written, challenged and challenged again. In July, just four months after the governor signed the law, part of it was tossed out by a federal judge in Tallahassee, saying that it conflicted with a patient’s right to keep their health information private. Florida’s Malpractice Law is complex and, probably, ever-changing.

The High Cost of Professional Liability Lawsuits

According to a study from Health Affairs, the average physician spends 50.7 months, or about 11%, of a 40-year career with an unresolved and open malpractice claim.

The report also found:

  • The time it took to settle claims varied, depending on the age and specialty of the physician
  • Claims, on average, were resolved more quickly for younger physicians
  • Claims for physicians ages 30 to 39 were resolved in about 16 months
  • Claims for physicians over 50 took an average of 21 months to resolve
  • Pediatric and obstetric claims took longest to resolve, nephrology and oncology claims had the shortest resolution times.

Professional Liability Insurance in Florida

The complexity of the law, combined with the complexity of care that medical and business professionals provide in Florida, require professionals to examine the type of coverage they need for their specialized practices.

There is no “one policy fits all” Professional Liability Insurance. Professional Liability Insurance is put in place to offer protection against a claim of negligence made by a client, even if the claim is unfounded.

Whether a legal action is groundless or not, it must be defended. Professional Liability Insurance helps to offset the devastating financial and emotional effects that accompany a lawsuit.

The average physician spends 50.7 months, or about 11%, of a 40-year career with an unresolved and open malpractice claim.

Even within a single profession or business, the risks and needs for specific Professional Liability Insurance varies. And a range of professions like Travel Agents, Dentists and Physicians require insurance to guard them against claims large and small, legitimate and spurious.

It isn’t always easy to find Professional Liability Insurance that is tailored to your individual requirements, so it is best to speak with an Insurance Professional who can help you get the type of policy you need.


Insurance Innovations

Insurance Innovations is based in Florida and licensed in all 50 states.

Since 1999, we have partnered with leading insurance carriers in order to find our clients the best, most customized and affordable Professional Liability Policies in Florida. Our knowledgable staff is available to give you more information and answer any questions you have about what type of Professional Liability Policy you need to protect your livelihood.

Call Us Toll-Free: 888.871.9096 or
contact Us Online to speak to the team of experienced insurance consultants.