Medical Malpractice Insurance
Understanding Coverage Options
Medical professionals working with Schaefer Enterprises get peace of mind knowing that they are covered with Medical Malpractice Insurance. Allow our Medical Malpractice insurance team to explain your options individually according to your individual specialty and practice.
Claims-Made
A claims-made insurance policy means that if the policy is in effect at the time when a malpractice claim is made, an insurance company is responsible for its payment up to the limits of the policy, regardless of when the event causing the claim occurred.
Occurrence
In an occurrence based insurance policy, if the policy is in effect at the time an event causing a malpractice claim occurs, the insurance company is responsible for its payment up to the limits of the policy, regardless of when the actual claim occurs.
Tail Coverage
Tail coverage responds to incidents that have not been reported to the company during the policy term. Some companies will offer free tail at retirement, subject to certain conditions. This type of coverage is only purchased after a claims-made policy is canceled or non-renewed.
Health Care Facility
Protecting your healthcare facility with Professional Liability and General Liability is available for multiple entities ranging from surgery centers, imaging laboratories to physical rehabilitation centers. The General Liability coverage “slip and fall protection” can be combined with the same carrier in most cases.
Telemedicine
Healthcare providers are incorporating telemedicine to improve communication and a patient’s clinical health status. This emerging technology raises new liability concerns for healthcare providers. Talk to Schaefer Enterprises about coverage options for telemedicine including medical malpractice, professional liability and cyber liability coverage.
