1. Who Needs
Medical Malpractice
Insurance?
Presented by:
Madison Healthcare Insurance Services
http://www.madisonhc.com/

2. Who Needs Medical
Malpractice Insurance?
• While surgeons are most often
thought of when it comes to
medical malpractice insurance,
they are not the only medical
practitioners who need it.
• Every type of medical facility and medical provider
needs to carry malpractice insurance.
• This includes medical facilities, medical spas, primary
care physicians, physical therapists and more.

3. Coverage Buying Tips
• Make sure you know your options for extended reporting
coverage or tail before you buy! Sometimes this cost can be
triple of what the insurance costs each year.
• Automatic coverage is not included for cosmetic procedures. If
you are doing them, disclose it and provide proof of your
training.
• It is important to have administrative action/medical board
coverage. With more people filing claims and increased
reporting requirements, it is now likely you may be involved in
one.
• There are charges for some ancillary providers. Be sure to
disclose all of them so they are covered as well.

4. There Is No Automatic Coverage
For Outside Medical Directorships
• Make sure you can report incidents or bad outcomes as claims to your
insurer of choice.
• Some policies extend coverage to general liability such as slips and falls
in your office, but many don’t.You may need a separate policy for this.
• A medical malpractice insurance policy that’s affiliated with an
employer does not cover advice or actions that occur outside of those
performed during the course and scope of your employer.
• Be sure to ask for discounts such as part time, new to practice, group
size discounts and affiliations to medical societies or groups.
• Most policies do not automatically extend coverage to locums tenens
so before you have someone cover your practice for your vacation, be
sure to inquire.

5. What Benefits Come With
Malpractice Insurance?
• Cost, charges and expenses associated with
any case or potential case.
• Indemnity or judgements that are awarded
against you are subject to the terms of
your policy.
• Peace of mind.

6. Do I Need Entity Insurance
For My Corporation?
• Yes, yes and yes!
• Claimants will often name both the
provider and the entity in a lawsuit.
• Entity coverage can extend to your
vicarious liability situations.
• Entity limits can be expensive if
purchased on a shared limit basis.
Separate Limits Coverage for your
entity is less expensive than
increasing your individual limits.

7. Errors And
Omissions Insurance
• Errors and omissions insurance coverage
provides legal and expense reimbursement for
investigations of billing and coding errors.
• Protection for violations in the areas of
HIPPA, EMTALA and STARK proceedings.
• This coverage should be purchased for
physicians submitting bills to public (Medicaid
and Medicare) or private (health plans and
HMOs) sectors payors.

8. Insurance For Medical Spas
• Medical spas are becoming increasingly popular.
• These medical facilities focus on cosmetic
treatments such as liposuction, Botox injections,
bariatrics, Bio-Identical Hormone Replacement
Therapy, pain management and acupuncture.
• Medical professional liability insurance policies can
be designed specifically for medical spas. These
policies provide unique coverage to protect the
medi spa.

9. Director’s And Officers Insurance
• Physicians aren’t the only ones who need insurance
coverage.
• Officers and directors of medical facility boards and
medical corporations need insurance coverage as
well.
• This coverage will protect directors and officers
against claims from creditors, class action
complaints, conspiracy and negligence, breach of
agreement, breach of fiduciary duty,
misrepresentation of trade secrets and many other
allegations.

10. Cost Is Important, But Faulty
Coverage Is More Costly
• To protect your important to
and lifestyle, it’s
career, home
carry malpractice insurance.
• One lawsuit could beDiscuss yourwithout the right
insurance coverage.
devastating
situation at length
with an insurance professional to make sure you are
covered for your entire practice.
• While amounts vary according to specialty, a policy
of at least $1,000,000 is recommended.

11. Is Your Current
Coverage Enough?
• The majority of medical malpractice lawsuits are
frivolous and it’s common to be served at least once
throughout a career.
• Even if a doctor is fully exonerated, he or she can still
spend thousands on a defense, without proper
insurance coverage.
• Take care to look at your current insurance coverage
to determine if you have enough medical malpractice
insurance coverage.

12. About The Author
• Madison Healthcare Insurance Services is a full-
service insurance brokerage that specializes in
medical malpractice insurance, workers’
compensation insurance, property and casualty
insurance and more. The company’s user-friendly
online request for quote form allows medical
professionals to obtain insurance quotes quickly
and easily.