So, you’re thinking about cancelling your medical malpractice claims-made insurance policy. Maybe you’re closing your med spa, switching to a new insurer, or just trying to save money. Whatever the reason, STOP and read this first. Cancelling a claims-made policy isn’t as simple as walking away—there’s a lot at stake, and you need to protect yourself from potential financial disaster. Let’s break it down in plain terms.
The emergence of Semaglutide as a groundbreaking therapy for weight loss has sparked hope and enthusiasm within the healthcare community. However, as providers embrace this innovative treatment, they face a unique challenge when it comes to securing malpractice insurance coverage.
In the world of insurance, providers face a myriad of choices when it comes to protecting their practice and reputation. Two primary options stand out: admitted and surplus lines insurance. Understanding the differences between them is crucial for healthcare providers seeking comprehensive coverage.
Testopel, a brand of testosterone pellet implants, has been prescribed to men experiencing low testosterone levels, also known as hypogonadism, as a long-term treatment option. However, recent developments have shed light on potential risks associated with Testopel, prompting concerns among patients and healthcare providers.
Sterilization procedures are a cornerstone of infection control in medical practices, ensuring patient safety and maintaining regulatory compliance. However, beyond the critical health benefits, there are insurance considerations associated with sterilizing trocars in your practice that must be navigated.
Underwriters require additional information regarding Compounded Medical Weight Loss Medications in light of growing litigation. This includes a comprehensive account of weight loss medication, patient assessments, monitoring frequency, among other crucial details. For practices that provide semaglutide, the average premium cost starts at $5,000.