Physician medical malpractice insurance – also called professional liability insurance – is a source of frustration among physicians in Illinois, and nationally. Finding sufficient coverage from the right carrier can be a daunting task.
According to the American Medical Association, and as reported in Medical Protective’s 2011 publication “Navigating the Real World of Medical Professional Liability Insurance,” nearly 5% of healthcare providers will have a suit filed against them in any given year. Add to this the fact that because a lawsuit is an attack on your livelihood, it is understandable that 95% of physicians describe periods of emotional distress during the litigation process.
It is imperative that you work with a malpractice insurance broker you trust to align you with the coverage you need for the peace of mind you want.
Since no two physicians are exactly alike, it is therefore unreasonable to throw everyone into a box and say “you all qualify for a 25% premium reduction”. Run quickly from anyone who boasts something of this sort to you, as they probably have another motive, which is to sell you a policy at any cost.
In truth, finding the best premium from the best carrier for your current and future needs is all about knowing the marketplace. It is a careful mix of maintaining relationships with the entire scope of rated insurance carriers; knowing how each carrier rates various physician specialties and the discounts they provide; knowing how they handle claims defense; knowing their costs and regulations on tail policies and prior acts coverage; and so much more.
We offer the perfect mix of resources, which we will utilize to align you with the best fit in terms of carrier, coverage, and price.
- We represent all of the rated carriers
- Our team knows the ins and outs of each carrier’s various nuances and policy language
- We have worked with physicians, medical groups, and hospitals for decades
We’ll work with you through thick and thin to make sure you are 100% satisfied. Click here to Get a Free Quote, or Read Up on Physician Malpractice Insurance FAQs.
