It’s No Fluke That Verdicts Have “Nukes”
When you buy or renew your professional and general liability insurance policies, buying at least a $2 million per occurrence limit makes sense.
Don’t Let Your Dog Take A Bite Out of Your Wallet!
Most dogs will fight an armed robber, but they often fear the vacuum cleaner. Dogs are helpful creatures in therapy, but when startled, anything can happen.
Hospital Robes and Insurance Policies
The world of selling insurance is a truly fascinating one. Unfortunately for most people, while listening to an insurance seminar or sales pitch, their eyes start to glaze over with sleepiness within a minute. Today we’ll discuss buying insurance coverage and provide two “Pro-Tips.”
Why Is A Claims-Made Policy Like A Ruler?
Think of a Claims-Made Professional Liability policy as a “Ruler”. A ruler has a beginning point and an endpoint. The Claims-Made policy starts at a point and terminates at a point beyond.
Are You Aware of the New Risks of Cyber Liability and Breach of Patient Data Privacy?
A data beach is the release of secure information into an unsecure environment. This happens intentionally or unintentionally. A data breach or security incident occurs when confidential data such as patient records, or personal financial data is copied, transmitted, viewed, stolen, or used by an individual unauthorized to handle such information.
Professional Will – Update
Recently, there have been frequent questions from policyholders on the Preferra Insurance Company Help Line regarding the Professional Will subject.
The Three–Ring Special … Insurance Interrelationships
The Venn diagram illustrates the relationships in a finite collection of information sets. The same approach is applied to insurance risk when calculating the statistical probability of incidents.
Employee Wellness…What Is It and How Can My Practice Get Involved?
An October 2022 study published by the U.S. Surgeon General found that an increasing number of workers have growing and chronic stress struggling with balancing work with personal life.
What’s New With Your Annual Insurance Review?
This article focuses on the actual insurance coverage you have and not on the number of insurance policies or incident frequencies covered. We will focus on your professional risks.
Social Services Agencies – Specialty Lines Insurance Markets
In this article, let us consider your profession and the risks through the eyes of an insurance carrier. The carriers focus on four major lines of insurance: Property, Casualty, Life, and Health & Disability. Each has actuarial statistical models and decades of detailed loss experience data that predict and support the expected claims losses, benefits, and premiums.
The New Work-Life Balance and Your Insurance
How many of you in the post-COVID world continued therapy sessions permanently with remote therapy and perhaps in-person therapy in outdoor venues? Feedback from our policyholders says a lot! This new paradigm is here to stay.
What Did I Do Wrong?
Did you ever see those special occasion cards from lawyers that say, “Congratulations or Happy (you fill in the occasion), but we make no representations, guarantees, or warranties!” Their wish list for their lawsuit cases includes sympathetic judges, irrefutable evidence, no hostile witnesses, and friendly juries.