Like most industries, the medical malpractice insurance world consists of a lot of acronyms, confusing terms, and other jargon that can make even the smartest people’s eyes cross.
Today we’re going to simplify things a bit by breaking down 10 of the most common (and confusing) malpractice insurance terms. We’ll tell you what they mean and why they’re important so that you can read your policy… and actually know what you’re talking about.
📖 For the BLOG on this topic, visit: https://www.aegismalpractice.com/malpractice-insights/confusing-malpractice-terms-amp-what-they-actually-mean
1:19 Earned, Unearned, and Minimum Earned Premium
4:30 Experience Rating
5:52 Vicarious Liability
6:39 Retro Date Inception (RDI)
8:07 Incurred But Not Reported (IBNR)
9:07 Allocated Loss Adjustment Expenses (ALAE)
9:50 Expense, Loss, and Combined Ratios
11:12 Let Aegis Help!
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**********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
Instagram: https://www.instagram.com/aegismalpractice/
Linked In: https://www.linkedin.com/company/aegis-malpractice-solutions/about/
YouTube: https://www.youtube.com/channel/UCyDVJQuU4ihcZl3gcL6L16A