Checklist Checklist

Tag: Medical Malpractice Insurance

  • #19 — Medical Malpractice Insurance Checklist. 25 Buyer-Beware Intelligence Points.

    • Coverage requirements vary by jurisdiction and profession.
    • Claims-made and occurrence structures differ.
    • The policy’s retroactive date can be critical.
    • Tail coverage can become important after certain policy changes.
    • Prior acts coverage should be understood.
    • Policy limits should be evaluated against realistic exposure.
    • Defense costs may interact with limits.
    • Consent-to-settle provisions can matter.
    • The insurer’s claims-handling reputation deserves investigation.
    • Individual and institutional coverage can differ.
    • Employees and contractors may have different coverage arrangements.
    • Multiple locations may create additional considerations.
    • Specialty-specific risks can vary dramatically.
    • Surgical specialties can have different exposure profiles from other specialties.
    • Telemedicine can introduce additional questions.
    • Multi-state practice can complicate coverage.
    • Licensure changes should be disclosed.
    • Practice changes should be reported.
    • Policy exclusions deserve close examination.
    • Regulatory proceedings may not receive the same treatment as malpractice claims.
    • Cyber coverage is generally a separate consideration.
    • Don’t assume the hospital’s insurance protects every independent physician.
    • Ask what happens when you retire or leave a practice.
    • Compare tail-cost exposure when comparing claims-made policies.
    • A low premium can become expensive if the policy leaves a major coverage gap.