Frequently Asked Questions

Medical Malpractice

Medical malpractice insurance covers doctors and other professionals in the medical field for liability claims arising from their treatment of patients.

We are constantly working to improve our services, and we keep your comments and questions in mind.
Here are some Frequently Asked Questions from our clients.

What is the effective date?

The effective date is the first day you want coverage to begin. If you are changing carriers, it will be the last day of your current policy. If you have not previously had coverage, it will be the first day you start to provide services.

What is the expiration date?

Policies are usually issued for a one-year period. In some instances, policies may be issued for a short term; however, consult with your insurance agent to confirm this.

What is your retro date?

Retro date actually means retroactive date. The retroactive date is 12:01 A.M. Standard Time at your address and date requested on the policy's declaration page which begins your policy's coverage period. In most cases, the retroactive date is the first date on which you began providing services and have maintained continuous medical malpractice insurance coverage. It is important that you verify your retroactive date so that there will be no lapse in coverage. Claims made coverage means coverage for claims resulting from injury occurring after the retroactive date, provided the claim is reported to the carrier while the policy is in force.

Do I Need Retroactive Coverage?

Yes. Without retroactive coverage, any procedures performed prior to the effective date will not be covered.

What is specialty?

Specialty is the area of medicine in which you have received training and for which you will be providing services.

CREDITS FAQ's

Do I qualify for a claims free credit?

If you have no claims filed against you and:
(usually any payment under $35,000 is considered claims free but it varies by carrier)
You have been practicing 0-4 years No
You have been practicing 5-6 years Yes
You have been practicing 7-9 years Yes
You have been practicing 10-14 years Yes
You have been practicing 15 years + Yes

Do I qualify for a Medical Society Credit?

Medical Society credits varies with each carrier Do I qualify for Risk Management Credit?
Some carriers may provide credits for CME’s or Risk Management Seminar participation
every two years to include correspondence courses.
Standard Risk Management CME’s or Risk Management participation. These credits vary by insurance carrier and in some instances additional credits may be allowed.

Do I qualify for a New Physician Credit?

If you have completed your educational requirements and a fellowship, internship or residency and are just starting to provide services, you may be entitled to higher discounts. These discounts vary by insurance company.
What is a part time credit?
With most carriers, part time coverage is defined as 1,040 hours annually providing services, or 20 hours of less per week.