It is commonly known that physicians and surgeons are merging into larger groups in Florida. Some of these are single-specialty groups and some are multi-specialty. The driving force behind this trend is the desire to reduce expenses. Medical malpractice insurance…
Physicians and surgeons in Florida often hesitate to report potential claims to their medical malpractice insurance carrier because they are afraid their insurance will be cancelled or they will lose their claims free credits. Although this issue is certainly subjective,…
As medical malpractice insurance specialists for physicians in Florida, we are constantly asked about coverage for locum tenens. It is easy to overlook the malpractice insurance implications of working as a locum tenens. What does locum tenens mean? Locum tenens…
Gracey-Backer has quality markets for comprehensive insurance programs for healthcare facilities of all kinds throughout the state of Florida. Because quality companies compete for your business, our skilled agents are able to offer you optimal pricing and value. Our agency…
An extended reporting endorsement (also known as a Tail policy) is customarily purchased when a physician or surgeon terminates a claims-made medical malpractice insurance policy for any reason. It is purchased from the medical malpractice insurance carrier that provided the…
If a physician switches medical malpractice insurance carriers, it is customary for the new medical malpractice insurance carrier to provide “prior acts” coverage for the physician. This means that the new medical malpractice insurance carrier uses the same retroactive date…
The limit of liability on a physician and surgeon professional liability policy denotes the amount of money an insurance company will pay on behalf of the insured physician or surgeon in the event of a medical malpractice insurance claim. A…
Like many industries, the medical malpractice insurance industry is cyclical in nature. Each cycle lasts from two to ten years and is defined as either “hard” or “soft”. Hard markets with higher premiums, more severe losses, and restrictive underwriting, reflect…
The Florida Malpractice Medical Insurance Market Will Remain “Soft” in the Years Ahead The Florida malpractice medical insurance market remains competitive in 2013. There are several major players in the State of Florida, including The Doctors Company, Medical Protective, Mag…
The flooding that is happening now in Colorado could happen here. Floods can happen anytime, anywhere. It doesn’t take much water to cause a business to go under. A few inches of floodwater can cause tremendous damage…to your building, your…
