Malpractice Insights

Across the country, malpractice insurance rates are starting to creep up little by little. And the reason for this (at least, in part) is due to a hardening market. So, what exactly is a hard market in malpractice insurance terms? And why does it matter to you? Today we’re going to unpack this topic and give you a simplified definition of a hard market PLUS give you some tips on how you can navigate it successfully – so that you can ensure that you’ll stay protected while keeping your rates as low as possible. 

🖥️ For the BLOG on this topic, visit: www.aegismalpractice.com/malpractice-insights/malpractice-insurance-during-a-hard-market-what-to-do

1:08 The difference between soft and hard markets
3:57 The impact of a hard market
4:51 Preparing for success in a hard market
7:35 Let Aegis help!

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🎙🎥 Produced by Grip Media Indiana.  For more information on how Grip Media can help produce your podcast or video work, visit https://www.gripmediaindiana.com

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Tail insurance is that necessary evil that you need to take care of after you’ve cancelled a Claims-Made policy. But the problem with tail is that it’s expensive – sometimes VERY expensive. So, often doctors will ask us about reducing the terms of the tail to keep costs down. But, this can be a dangerous proposition. So today we’re going to answer the question “How long do I need to carry tail insurance?" And by the end of this episode, you’ll have all the facts lined up so that you can make a decision on how long of a tail YOU need to purchase.

📱RELATED EPISODES📱
Occurrence vs. Claims-Made - What's the Difference? https://youtu.be/ziBmE9oUh2M
Occurrence vs. Claims-Made Case Studies: Real Life Examples https://youtu.be/9kWic4YXllA

1:07 Tail Insurance Review
2:23 Unlimited vs. Limited Terms
4:57 Limited Tail Considerations
8:00 How Long Should I Carry Tail Insurance?
9:09 Let Aegis Help!

**********Contact us!**********

📱💻 aegismalpractice.com
📞 888.51AEGIS  [888.512.3447]

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🎙🎥 Produced by Grip Media Indiana.  For more information on how Grip Media can help produce your podcast or video work, visit https://www.gripmediaindiana.com

**********Contact us!**********

📱💻 aegismalpractice.com
📞 888.51AEGIS [888.512.3447]

**********Follow us on Social Media**********

Facebook: https://www.facebook.com/AegisMalpractice/

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This week I’ve talked to 3 doctors who are leaving their medical group and their tail insurance is a mess – promises broken, obligations to buy ridiculously expensive tail policies, and overall a very unhappy parting of ways. So how do you avoid this kind of nightmare in your practice? Well, today I’m going to give you 5 tips on how to successfully negotiate your tail insurance terms with potential employers so that you can make sure YOU don’t end up frustrated, broke, or uninsured in the future.

📖 For the BLOG on this topic, visit: https://www.aegismalpractice.com/malpractice-insights/how-to-successfully-negotiate-tail-insurance

📱RELATED EPISODES📱
Occurrence vs. Claims-Made - What's the Difference? https://youtu.be/ziBmE9oUh2M
Occurrence vs. Claims-Made Case Studies: Real Life Examples https://youtu.be/9kWic4YXllA

1:24 Tip 1
5:15 Tip 2
6:24 Tip 3
9:08 Tip 4
10:18 Tip 5

**********Contact us!**********

📱💻 aegismalpractice.com
📞 888.51AEGIS  [888.512.3447]

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YouTube: https://www.youtube.com/channel/UCyDVJQuU4ihcZl3gcL6L16A

🎙🎥 Produced by Grip Media Indiana.  For more information on how Grip Media can help produce your podcast or video work, visit https://www.gripmediaindiana.com

**********Contact us!**********

📱💻 aegismalpractice.com
📞 888.51AEGIS [888.512.3447]

**********Follow us on Social Media**********

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YouTube: https://www.youtube.com/channel/UCyDVJQuU4ihcZl3gcL6L16A

Today we’re continuing our new Mail Bag segment with some more “real life” scenarios to talk through. We’re going to talk about alternatives to tail insurance, how many carriers to look at when you’re shopping around, and whether or not you should change insurance while you have an open claim.

▶️RELATED EPISODE: What is Tail Insurance? https://youtu.be/hVAwirHxI1g

▶️RELATED EPISODE: Do I Need to Purchase Tail Insurance Before I Switch Carriers? https://youtu.be/iOhmXwRprvI

▶️RELATED EPISODE: Which Carrier is Best? https://youtu.be/moMU94Hh3YA

0:54 Do I need to buy tail insurance if I'm starting my own practice?
3:39 How many carriers should I look at when shopping?
7:05 Can I switch carriers if I have an open claim?

**********Contact us!**********

📱💻 aegismalpractice.com
📞 888.51AEGIS  [888.512.3447]

**********Follow us on Social Media**********

Facebook: https://www.facebook.com/AegisMalpractice/

Twitter: https://twitter.com/AegisMedMal

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YouTube: https://www.youtube.com/channel/UCyDVJQuU4ihcZl3gcL6L16A

🎙🎥 Produced by Grip Media Indiana.  For more information on how Grip Media can help produce your podcast or video work, visit https://www.gripmediaindiana.com

**********Contact us!**********

📱💻 aegismalpractice.com
📞 888.51AEGIS [888.512.3447]

**********Follow us on Social Media**********

Facebook: https://www.facebook.com/AegisMalpractice/

Twitter: https://twitter.com/AegisMedMal

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You’ve likely taken some risk management courses or received some general information on how to avoid a malpractice claim – in fact, we’ve talked about that here on Malpractice Insights a number of times. But today, I’m going to give you 10 Tips on how to prevent a malpractice claim – but these tips are coming from your peers… doctors just like YOU that have lived through their own malpractice lawsuit and they have lessons to share. So, let’s go over them together. 

📖 For the BLOG on this topic, visit: https://www.aegismalpractice.com/malpractice-insights/10-risk-management-tips-from-doctors-who-have-already-been-sued

▶️How to A.V.O.I.D. Malpractice Claims https://youtu.be/TAWWR-eD_4w

▶️What To Do After an Adverse Event https://youtu.be/9qtKFnLQp2A

1:04 Tip 1
2:00 Tip 2
2:47 Tip 3
3:33 Tip 4
4:02 Tip 5
4:02 Tip 6
4:54 Tip 7
5:58 Tip 8
6:31 Tip 9
7:00 Tip 10

**********Contact us!**********

📱💻 aegismalpractice.com
📞 888.51AEGIS  [888.512.3447]

**********Follow us on Social Media**********

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YouTube: https://www.youtube.com/channel/UCyDVJQuU4ihcZl3gcL6L16A

🎙🎥 Produced by Grip Media Indiana.  For more information on how Grip Media can help produce your podcast or video work, visit https://www.gripmediaindiana.com

**********Contact us!**********

📱💻 aegismalpractice.com
📞 888.51AEGIS [888.512.3447]

**********Follow us on Social Media**********

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Nobody wants to pay for malpractice insurance unnecessarily. But sometimes providers find themselves in a situation where they may want to have a supplemental insurance policy to go alongside the coverage that they have for their full-time jobs. So, how do YOU know if you might be a candidate for supplemental coverage? Today we’re going to give you 3 reasons what you might need this type of policy – and I’ll give you some rough numbers on how much it costs.

RELATED EPISODES

▶️Malpractice for Moonlighting https://youtu.be/omiR-CUtrcY

▶️How Much Malpractice Insurance Coverage Should I Have? https://youtu.be/PSWhT7WWCOw

1:00 Moonlighting
3:09 When your current policy doesn't cover you
4:20 When you're not happy with the insurance that's provided
5:47 How much does it cost? (Examples)
8:11 Let Aegis help!

**********Contact us!**********

📱💻 aegismalpractice.com
📞 888.51AEGIS  [888.512.3447]

**********Follow us on Social Media**********

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Twitter: https://twitter.com/AegisMedMal

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YouTube: https://www.youtube.com/channel/UCyDVJQuU4ihcZl3gcL6L16A

🎙🎥 Produced by Grip Media Indiana.  For more information on how Grip Media can help produce your podcast or video work, visit https://www.gripmediaindiana.com

**********Contact us!**********

📱💻 aegismalpractice.com
📞 888.51AEGIS [888.512.3447]

**********Follow us on Social Media**********

Facebook: https://www.facebook.com/AegisMalpractice/

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YouTube: https://www.youtube.com/channel/UCyDVJQuU4ihcZl3gcL6L16A

One of the most common coverage requests that we’re getting these days is malpractice insurance for 1099 providers – folks who have decided to transition away from being a W2 employee and who want to work on their own. So, what are the coverage options for 1099 providers? How do you switch your malpractice insurance from employee to contractor? We’ve got answers for you today. 

RELATED EPISODES

▶️Claims-Made vs. Occurrence Coverage: CASE STUDIES https://youtu.be/9kWic4YXllA

▶️Quitting Your Medical Job? Be Sure to Follow These Steps! https://youtu.be/li0ZVBw0vwc

1:15 Figuring Out Your Current Policy Details
2:38 Carrying Over Tail Insurance
4:03 Considerations When Setting Up Your 1099

**********Contact us!**********

📱💻 aegismalpractice.com
📞 888.51AEGIS  [888.512.3447]

**********Follow us on Social Media**********

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YouTube: https://www.youtube.com/channel/UCyDVJQuU4ihcZl3gcL6L16A

🎙🎥 Produced by Grip Media Indiana.  For more information on how Grip Media can help produce your podcast or video work, visit https://www.gripmediaindiana.com

**********Contact us!**********

📱💻 aegismalpractice.com
📞 888.51AEGIS [888.512.3447]

**********Follow us on Social Media**********

Facebook: https://www.facebook.com/AegisMalpractice/

Twitter: https://twitter.com/AegisMedMal

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YouTube: https://www.youtube.com/channel/UCyDVJQuU4ihcZl3gcL6L16A

Today we’re continuing our new Mail Bag segment with some more “real life” scenarios to talk through. We’re going to talk about how to get credentialed when you’re not planning on working for several more months, the best options for malpractice coverage when you’re launching a new partnership practice straight out of residency, and how to cover ancillary staff within your practice. 

0:36 How do I show proof of insurance BEFORE I start working?
2:56 How do I cover my medical assistant and RN at my new practice?
7:31 How do I cover nurse practitioners at my practice?
9:24 Let Aegis help!

**********Contact us!**********

📱💻 aegismalpractice.com
📞 888.51AEGIS  [888.512.3447]

**********Follow us on Social Media**********

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YouTube: https://www.youtube.com/channel/UCyDVJQuU4ihcZl3gcL6L16A

🎙🎥 Produced by Grip Media Indiana.  For more information on how Grip Media can help produce your podcast or video work, visit https://www.gripmediaindiana.com

**********Contact us!**********

📱💻 aegismalpractice.com
📞 888.51AEGIS [888.512.3447]

**********Follow us on Social Media**********

Facebook: https://www.facebook.com/AegisMalpractice/

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Virtual care and telemedicine were trending in healthcare even before the pandemic. But now, in this post-COVID world, nearly half of all medical practices have either implemented some form of telehealth or are considering doing so in the months ahead. So… how do you add virtual care to your malpractice coverage? How do you ensure that you are covered for this new type of medicine? We’ve got the answers for you in today’s episode.

1:36 How to make sure you're covered for virtual care
3:31 What to do if your carrier doesn't cover your new territory
4:16 Questions to ask your agent
5:18 How telemedicine rates are calculated
7:42 Let Aegis help!

**********Contact us!**********

📱💻 aegismalpractice.com
📞 888.51AEGIS  [888.512.3447]

**********Follow us on Social Media**********

Facebook: https://www.facebook.com/AegisMalpractice/

Twitter: https://twitter.com/AegisMedMal

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YouTube: https://www.youtube.com/channel/UCyDVJQuU4ihcZl3gcL6L16A

🎙🎥 Produced by Grip Media Indiana.  For more information on how Grip Media can help produce your podcast or video work, visit https://www.gripmediaindiana.com

**********Contact us!**********

📱💻 aegismalpractice.com
📞 888.51AEGIS [888.512.3447]

**********Follow us on Social Media**********

Facebook: https://www.facebook.com/AegisMalpractice/

Twitter: https://twitter.com/AegisMedMal

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YouTube: https://www.youtube.com/channel/UCyDVJQuU4ihcZl3gcL6L16A

A solid malpractice insurance agent is an integral part of the business of medicine. These industry experts can help you understand your coverage options and manage your policy… IF you find the right one. So, what should you look out for? Today we’re going to give you 5 signs that you MIGHT be working with the wrong malpractice agent… and how to pivot, if you need to make a change. 

1:24 Sign 1
2:44 Sign 2
4:28 Sign 3
5:52 Sign 4
7:12 Sign 5
8:01 How to Change Your Agent If Needed

**********Contact us!**********

📱💻 aegismalpractice.com
📞 888.51AEGIS  [888.512.3447]

**********Follow us on Social Media**********

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YouTube: https://www.youtube.com/channel/UCyDVJQuU4ihcZl3gcL6L16A

🎙🎥 Produced by Grip Media Indiana.  For more information on how Grip Media can help produce your podcast or video work, visit https://www.gripmediaindiana.com

**********Contact us!**********

📱💻 aegismalpractice.com
📞 888.51AEGIS [888.512.3447]

**********Follow us on Social Media**********

Facebook: https://www.facebook.com/AegisMalpractice/

Twitter: https://twitter.com/AegisMedMal

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YouTube: https://www.youtube.com/channel/UCyDVJQuU4ihcZl3gcL6L16A