Nexus Insurance Services, a California-based malpractice insurance broker, has published a report that helps educate medical professionals and answer pressing questions about liability insurance.The six-page report covers topics such as why malpractice insurance costs vary, the different things individuals can do to reduce premiums, and what all healthcare providers can do help keep overall costs for medical malpractice down. The report is available for download on the Nexus Insurance Services blog at http://malpractice-insurance.tumblr.com
Currently the majority of states in the U.S. require that medical professionals carry liability insurance, but there are states such as Georgia or New York that do not mandate coverage. For those that do have to purchase insurance, it is just like auto insurance in that there is a minimum level of coverage that must be met.
“It’s important for professionals to do their due diligence and research all of the different options available when purchasing malpractice insurance. As an experienced brokerage, we can help with the decision making process,” says Michael Kataf of Nexus Insurance Services.
Because of high insurance premiums in the past, many doctors were forced to move to states where costs were low. Other doctors have either left the profession or have “gone bare”, or dropped their insurance policies.
“Going without insurance does not help the issues surrounding malpractice,” says Kataf. “Most professionals overpay for insurance, so by downloading our report, people have a better idea on what factors are important in determining rates, and what they can do improve their situation.”
Download the report here: http://malpractice-insurance.tumblr.com