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What is the Step Process?
Most policies written today are claims-made policies. From the policy’s retroactive date, the "step process" begins. The image above best...
Jun 13, 20181 min read
Canceling Coverage: Before You Go, Let Us Know
Canceling Your Policy & Your Extended Reporting Options Whatever reason brings you to cancel your coverage (leaving the practice, moving...
Jun 8, 20181 min read
Policy Management: How Do I Add and/or Remove Insureds?
Steps to updating your policy's named and additional insureds. Keeping your policy up-to-date with the most accurate coverage for your...
May 17, 20181 min read
Data Breaches: Am I Carrying Adequate Limits For My Practice?
Typical medical professional liability policies include from $25,000 to $50,000 in limits for cyber-related exposures, including response...
May 8, 20181 min read
Tail Coverage: What is it, how does it work, and when am I eligible?
Tail coverage is also known as an "Extended Reporting Endorsement," and it can be purchased (or earned) when terminating a claims-made...
Apr 22, 20183 min read
Navigating Your Risks in the 21st Century
In this issue you will read about:
Telemedicine
Cyber Security
Patient Safety
Apr 3, 20182 min read
ThinkHR: A Free Service Saving You Thousands
We’re doing more than ever before in making a difference in your practice: we’ve expanded our coverage options and-as of 2017-we...
Mar 15, 20181 min read
I'm Ready to Retire, What Do I Do?
Retiring as a physician is not as easy as giving two-week's notice. Physician retirement takes planning, and there are many things to...
Feb 6, 20181 min read
Ending the Physcian Relationship: Thing to Know Before Letting Patients Go
You are not alone if you wonder how best to terminate the physician-patient relationship. Patient termination is a frequent issue for our...
Jan 16, 20182 min read
We Closed 2017 By Saving You Thousands...Here's How
In this issue you will read about:
ThinkHR Savings
Safely Prescribing Opioids
EMR: Managing Your Risks
PRA Making a Difference
Jan 3, 20181 min read
83% Of Physicians Suffer Cyber Attacks
Over 1,300 physicians were polled in a recent study conducted by Accenture and the American Medical Association on cyber security and how...
Dec 22, 20172 min read
I Am Disabled, and Can No Longer Work. What Do I Do?
Physician Disability: Coverage Options and Re-Entry Opportunities If you are disabled and can no longer work due to injury or sickness,...
Dec 11, 20171 min read
Covered Entities And Business Associates Beware
On November 28, the Office for Civil Rights (OCR) released a statement that a phishing email is being distributed on fake HHS letterhead...
Dec 1, 20171 min read
Should I Be Concerned About Vicarious Liability?
The answer is YES if you or your practice employ, contract with, supervise, or share space with other medical professionals that see or...
Nov 30, 20172 min read
The MACRA Muddle: Managing Your Risk
What is MACRA? How can it impact my practice? Am I eligible for MIPS and APMs under it? How can I manage my risk? Are you asking these...
Nov 28, 20171 min read
Policy Types: What's the Difference Between Claims-Made & Occurence?
Claims-Made Policies: Covers claims that are “made” and reported to the Company while the policy is active The medical incident must have...
Oct 25, 20171 min read
Hospital Employment: How Do I Blanace Work/Life and Keeping Professional Autonomy?
What Should I Consider Before Joining a Hospital? According to recent American Hospital Association statistics, 25% of all active...
Sep 8, 20171 min read
New Partnership: WVSMA Insurance Program
WVSMA and Professional Risk Associates, Inc., have partnered to continue the benefit of providing insurance services to WVSMA members by...
Apr 15, 20171 min read
Workers' Compensation: What You Might Not Know
Medical practices both large and small have a specific focus on safety. While safety can mean life or death for healthcare providers and...
Feb 23, 20172 min read
What Is Business Insurance
We recently worked with a client to review their business insurance - aka Business Office Policy - as well as their workers' compensation...
Jan 23, 20171 min read
Our independent insurance agents are dedicated to providing you reliable answers for your questions related to medical professional liability insurance, professional liability insurance, healthcare risk management solutions, and tips for improving patient safety in the hospitals. You can subscribe to our blog to receive up-to-the-minute updates on your insurance carriers and our other valuable clients services.
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