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Monthly Archives: June 2013

Coverage for Facial Cosmetics, Dermal Fillers, and Botox for Oral Surgeons and Dentists


In an effort to expand their practices, many dentists and oral surgeons are performing facial cosmetic and botox procedures. Patients who, in the past, might have chosen these procedures to correct physical malformations are now turning to facial cosmetic procedures to improve their appearance and mitigate the signs of aging. Thanks to advanced medical equipment, most of these procedures can now be done in an office, although some may require a hospital or outpatient setting.

Common procedures, often performed by an oral surgeon because of his extensive education and training, include:

  • Facelift
  • Forehead or Brow Lift
  • Eyelid Surgery
  • Nasal Reconstruction
  • Lip Enhancement
  • Hair Transplants

Other facial cosmetic procedures include:

  • Botox Injections
  • Chemical Peel
  • Dermabrasion
  • Injectable Fillers

Your professional liability policy may or may not cover Facial Cosmetic Surgery. It is best to check with your agent to be sure you are covered—before you perform one of the above procedures. You should also consult the State of Florida Dental Practices Act regulating the use of facial cosmetics and dermal fillers for dentists and oral surgeons in Florida.

Remember that you should have coverage for ALL the procedures you perform. Some companies cover facial cosmetic procedures automatically, only requiring requisite training. Some add the coverage by endorsement. The cost, in general, is quite reasonable.

John Gracey Backer, CPA


John Gracey Backer, CPA, is the Treasurer of Gracey-Backer, Inc., an Insurance Agency in Delray Beach, Florida specializing in All Lines of Malpractice, Professional and Personal Insurance for the Healthcare Provider. He can be contacted at 800-272-6055 ext 128, or at john@gbifl.com.

Cyber Liability Threat to Healthcare Professionals


Healthcare professionals are increasingly vulnerable to cyber hacking, especially now that they are keeping electronic medical records, engaging in telemedicine, transmitting information by email formerly transmitted face-to-face, and creating sophisticated websites. Exposures include e-theft, destruction of patient data, libel and slander, e-vandalism, patent infringement, denial of services, and other growing threats.

Threats from data breaches come from unexpected places, and are all-encompassing

  • Threats from outside the office-Including hacks from criminals and former employees with access to company information.
  • Threats from inside the office-Including employees, management, independent contractors, and interns who have access to sensitive patient data.
  • Third Party-Including suppliers, vendors, host providers, and outsourced IT organizations or persons.

Each of these threats can lead to claims for breach of privacy, identity theft, infringement of intellectual property rights and inappropriate billing, among others.

To protect against cyber liability threats, healthcare professionals are investing in Cyber Liability Insurance. This policy combines third party (cyber liability) and first party (cyber crime expense) coverages into one policy, and provides risk management support to reduce the risk or cyber claims.

For more information, contact Gracey-Backer, Inc.

Barbara Gracey Backer


Barbara Gracey Backer is the Vice-President of Gracey-Backer, Inc., an Insurance Agency in Delray Beach, Florida specializing in All Lines of Professional and Personal Insurance. She may be contacted at 800-272-6055 X118 or at barbara@gbifl.com.

What is Cyber Liability Insurance and Why Do I need it?


All dental offices, regardless of their size, their specialty or their location need to ask themselves whether they need cyber liability insurance. Dental offices are especially vulnerable to a cyber loss because they deal with personal, financial, and health-related information. Because this information is usually kept for a long period of time, the dental office exposure is amplified. Healthcare data breaches are on the rise, robbing the patient of their privacy, exacerbating medical identity theft, and costing the healthcare industry billions of dollars annually.

What is Cyber Liability insurance?

The generic term “Cyber Liability” insurance addresses risks associated with confidential information or data in its various forms, either digital or paper.

Coverage includes:

  • Notification Costs
  • Credit monitoring costs (typically $20-$30 per record)
  • Defense costs
  • Regulatory Fines and penalties
  • Crisis coverage/public relations for damaged reputations

Data breaches can happen to anyone and occur frequently. They are typically caused by:

  • Lost or stolen laptops, media, back-up tapes and thumb drives
  • Improper disposal of personal records
  • Computer hacking
  • Computer viruses
  • Employee misuse

Privacy coverage is generally excluded by office property and liability, business interruption, and dental malpractice insurance policies.

The universe of potential plaintiffs is overwhelming when one considers the number of people and organizations on the internet.

Please call us for more information on cyber liability insurance for your practice. Coverage is expanding as the insurance industry achieves a better understanding of cyber losses.

Wendy Ring


Wendy Ring is a Malpractice Insurance Agent at Gracey-Backer, Inc., an Insurance Agency in Delray Beach, Florida specializing in All Lines of Malpractice, Professional and Personal Insurance for the Healthcare Provider. Wendy can be contacted at 800-272-6055 ext 127, or at wendy@gbifl.com.

How should I select a Professional Liability Insurance Company?


professional-liability-insurance-companyAs medical malpractice insurance specialists, we are often asked about which insurance company is best. This makes sense, in that choosing a professional liability insurance company is one of the most important decisions you will make for your practice. In today’s litigious climate, you cannot afford to be wrong in your choice of insurers. Your reputation and livelihood are at stake and you need a carrier that can protect you if you are sued.

It is important to select an insurer that has the financial strength to be there for you in the long term. Always ask for the company’s financial rating. There are a number of rating services. The oldest and most widely recognized one is A.M. Best & Co. Your company should have a rating of at least an A-.

It is important to choose a company with a long history, and especially a history in your state. Sometimes a new company thinks it can “do it better” than the old guard. Others entice doctors with low premiums, and then raise rates when claims begin to mount. Others are looking only as far as their next quarterly profits report or are responding to corporate goals to write new business in the state.

If its premium offering is much lower than other companies, you should find out why. Sometimes, if it is too good to be true, it is not too good!

Patient safety and risk management programs should be an integral part of the services provided by your insurer. It should be able to provide meaningful ways for you to reduce the likelihood of being sued in the first place. Often, live seminars are held In the state and on-line courses are provided for your convenience.

The following are examples of questions you should ask when choosing a Professional Liability Insurance Carrier:

  • How long has the carrier been writing medical malpractice insurance?
  • How is the company rated?
  • Does it offer discounts for favorable loss experience?
  • Is the insurer endorsed by state or national medical societies? If so, does it give a discount for membership?
  • What kind of payment plan does the carrier offer?
  • What risk management/patient safety services does the company have?
  • How strong is the claims department? Are claims handled in-house or allocated to outside adjusters?
  • If I move to another part of the country, is my policy portable?
  • What are the tail options if I retire, die, or decide to move my coverage to another carrier?
  • Is the company going to be around for the long term or is the plan to sell it when it is premium-rich?
  • And finally, is my agent experienced in the nuances of professional liability coverage? Is malpractice insurance a big part of their business or just a sideline? Is their staff responsive and is integrity stressed? Does the agency have the strength to compare carriers within his stable of companies? Is their office able to handle all my insurance—my office policy, workers’ compensation, personal insurance and life and disability needs? Do I like them? Do I trust them?

These important choices will go a long way to providing peace of mind for you and your practice for years to come.

Barbara Gracey Backer


Barbara Gracey Backer is the Vice-President of Gracey-Backer, Inc., an Insurance Agency in Delray Beach, Florida specializing in All Lines of Professional and Personal Insurance. She may be contacted at 800-272-6055 X118 or at barbara@gbifl.com.

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