Myth vs Reality There are enough challenges associated with practicing medicine and starting, managing and growing a medical practice. Why get bogged down with the myths about medical malpractice coverage? Here’s the truth about the most common misunderstandings surrounding professional liability coverage for doctors:

Myth: Tail coverage is automatically free in claims-made policies after five years.

Fact: Tail coverage protects you for covered incidents that occurred while the claims-made policy was in effect but are reported after the policy’s cancellation. Claims-made policies often do include a free death, disability and retirement provision (DDR). This provides free tail coverage ONLY if you die or become totally disabled while the policy is in effect, or if you completely retire from the practice of medicine. Refer to your policy for specific details.

Myth: You can’t be sued for more than your policy limit.

Fact: If a jury awards more than your medical malpractice insurance policy limit, your personal assets could be at risk. While the award may be settled or reduced to your policy limits, that takes time. During that time, judgments can be placed against your assets, prohibiting your access to them or obstructing your ability to sell those assets.

Myth: You can’t be sued more than two years after an incident occurs.

Fact: Statutes of limitation are different in each state. Call to speak with a Britton Agent to find out which statutes of limitation apply in your situation.

Do you have questions about medical malpractice coverage? Call a Britton Agent to discuss your medical malpractice coverage options in detail. Call 800.462.3401.

Share |


No Comments


Post a Comment
Name
Required
E-Mail
Required (Not Displayed)
Comment
Required


All comments are moderated and stripped of HTML.
Submission Validation
Required
CAPTCHA
Change the CAPTCHA codeSpeak the CAPTCHA code
 
Enter the Validation Code from above.
NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive


View Mobile Version
Count on us to provide you the information and coverage you need.
  • Affordable, dependable medical malpractice insurance
  • General liability insurance
  • Workers’ compensation coverage
  • Directors’ and officers’ liability insurance
  • Employment practice liability coverage
  • Cyber liability coverage
  • Billing errors and omissions insurance
  • HIPAA liability insurance
  • Umbrella liability coverage
  • Property insurance
  • Commercial flood and inland marine coverage
  • High quality disability insurance
Contact an Agent to discuss your coverage options in detail. Request a Quote Call 800.462.3401
Facebook
Twitter
LinkedIn
Google+
  • The Hartford
  • Princeton Insurance
  • MedPro Group
  • Coverys
  • MD Advantage
  • Conventus
  • Physicians' Reciprocal Insurers
© Copyright. All rights reserved.
Powered by Insurance Website Builder