Medical Malpractice Insurance in Salt Lake City UT & Las Vegas NV As a healthcare provider, you've spent your life working to help others—but if you make a mistake, you could end up facing a medical malpractice lawsuit. With the average jury award just under $800,000, medical malpractice insurance could be the only thing standing between you and having to close down your entire practice. However, these cases can be difficult to resolve. As noted by the National Association of Insurance Commissioners, quite a lot of funding goes into investigating claims and determining whether or not malpractice occurred. If it didn't, then patients often have no basis for a lawsuit. If a...
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What Is Legal Malpractice Insurance? Also known as lawyers professional liability and legal malpractice insurance, this is typically the most important insurance policy a lawyer or law firm can purchase. Legal malpractice claims happen when an attorney is alleged to have failed to perform their duties according to the proscribed standards of professional and ethical conduct. Additionally, even if such breaches of standards have not occurred, many clients may view a negative legal result as reason enough to bring a malpractice claim against your firm. It’s an unfortunate fact of life that even the most diligent law firms are vulnerable to such costly claims. The potential exposures are...
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Liability insurance is a fact of life for surgeons. The Society for Vascular Surgery is proud to now offer access to top-notch healthcare liability insurance for members and their practices and institutions. MedPro Group, a Berkshire Hathaway company, calls itself the “oldest, largest and strongest” healthcare liability insurance company. It offers coverage in all 50 states, as well as customized insurance, claims and risk-management solutions. And while medical malpractice typically covers situations with direct patient care, MedPro now has a separate product for those positions such as a medical director, who oversees surgeons who provide the direct care. “Anywhere in the United States...
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Attention, Filmmakers: Here’s What You Need to Know About Malpractice Insurance Errors and Omissions Insurance (also known as E&O Insurance) is malpractice insurance for filmmakers. These policies protect against claims of defamation, invasion of privacy, infringement of the right of publicity, idea and story theft, copyright infringement, plagiarism, piracy and the unauthorized use of names and trademarks. Some policies cover unfair competition and failure to provide screen credit. Even cautious filmmakers may find themselves facing a lawsuit through no fault of their own. Liability can arise even if they did not knowingly violate another’s rights and were diligent in...
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By 2020, the healthcare industry is projected to add over 4.2 million jobs. As a result, many retail brokers and agents are targeting this booming segment to grow their book of business. However, if a broker is unfamiliar with working on Medical Insurance policies they may overlook a coverage exposure that could result in a costly error. “Experience is crucial in regards to Medical Malpractice insurance, often making the difference whether a claim is accepted or denied” says Nicole Greene, Director of Brokerage, Professional and Executive Liability Center of Excellence, Burns & Wilcox. Medical liability policies address bodily injuries that result from a medical professional’s...
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If you are a nurse, chances are this question has crossed your mind all too often. Although many nurses in the United States are covered under a medical malpractice insurance carrier, a significant number of nurses are not. But the truth is that a nurse can be sued for medical malpractice at any time. Even if the allegations are unfounded, it can seriously damage your reputation. Many argue that the employer’s policy covers the nurses against medical liability as well. However, you need to understand that these policies are created to protect and fit the specific needs of your employers first. Having your own policy not only covers you but also provides peace of mind during the most...
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Does your malpractice policy allow you to decline settling and fight unjust claims in court to the very end? If you have a “Consent to Settle Clause” in you policy, in order to settle a case, the insurance company must have your approval. If you reject this settlement, you reject it without further penalty. For instance: if you purchase a policy with $1M limits and you lose at trial after declining to settle, your insurance company will still be required to pay up to a $1M verdict. Malpractice Suits are very personal, and the Southern Medical Association wants you to have the ability to fight a claim to the very end. Having a hammer clause in your malpractice policy can be problematic in...
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Lawsuit Raises Questions About APA Liability Insurance Program "We all know that delusional or paranoid patients might pursue a malpractice suit beyond its economic value," is an odd comment, considering it came from a handbook distributed 10 years ago for psychiatrists who participate in the American Psychiatric Association's professional liability insurance program. The statement lies at the heart of a lawsuit that is wending its way through an Illinois court and threatens to upset the way the APA administers its liability insurance programs. "The better policies, such as that offered by the APA, stipulate that the insurance company must obtain the consent of the insured psychiatrist...
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Malpractice Insurance for Counselors Malpractice Insurance for Counselors: What You Need to Know Therapists face numerous ethical conundrums each day—when to warn a third party of a potential threat, what level of suspicion warrants a report to child protective services, and how to manage clients at risk of suicide. Many of these challenges also present legal hurdles. A therapist who fails to meet the standard of care may be legally liable for that failure if the client suffers specific harm. For example, a therapist who did not adequately treat a credible threat of suicide might face a lawsuit from a client who suffers serious injuries in a suicide attempt. While good therapists...
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