A client trips on your waiting room carpet, falls and breaks an ankle. Does your General Liability policy cover you? Maybe! Maybe NOT!
Would You Buy a Raincoat Full of Holes?
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Avoiding Malpractice Tips
Insurance Tips and Why You Buy
While reflecting on your recent summer vacation, it’s a good time to ask yourself why you buy insurance? Are you looking to comply with a state licensing requirement, a requirement by your employer, or simply your need for protection? Are you only price-driven, or do you evaluate your insurance policy to understand the actual benefits, limits, sub-limits, and value?
Professional Liability Insurance Headwinds and the New Normal in Teletherapy
Client sessions occurring in person will eventually return to normal. But in our opinion, a new normal is sprouting with greater use of teletherapy. Congress is considering legislation to loosen teletherapy restrictions and allow more use of teletherapy across state lines.
Mindful, Watchful, and Careful
Traveling is picking up again as the nation comes out of COVID-19 and as the vacation season approaches. Moreover, some practitioners must travel overnight for work. Whether for work or vacation, traveling has risks even while providing professional services during the day. For your safety, it is important to be Mindful and aware; Watchful: vigilant; and Careful: prudently cautious to avoid danger and harm.
Grocery Shopping With 1965 Prices
Preferra is owned by its policyholders and is not controlled by profit-obsessed Wall Street investors. We strive to take cost out of every aspect of our business while delivering the best coverage in the nation to you at the lowest price, along with many free support services. Our record proves it—no price increases in over 45 years.
Insurance and the Numbers
Insurance is all about numbers and using numbers and statistics to predict outcomes. That is because some people say that insurance is like gambling. Why is that? While similar to gambling, however, insurance is not a zero-sum game where the dealer wins the bet and you lose.
Assortments of Endorsements
Just about any insurance carrier allows the buyer of an insurance policy or an active insured covered under an insurance policy to buy a “Rider,” referred to as an “Endorsement.” When you add an Endorsement to an insurance policy contract, think CHANGE. It could amend anything.
Ratio to Pareto…What’s Best for You?
Today we will talk briefly about certain statistical tools and perspectives that you may want to use in your practice so you get a better handle on your cases and general work activity. The goal here is to help you work smarter, not harder while managing your risk better. The first thing to ask is: “What’s my story?” Is your practice driven by a few types of cases or is it widespread among many diverse case types?
What’s Happening With Claims in COVID-19
COVID-19 caused the closing of state licensing boards and civil courts for many months, depending on the state, some are still recovering. Historically, our experience has shown that state licensing boards normally require on average 8 to 15 months to resolve a case. With COVID-19 delays, we are now looking at years.
The Insurance Outlook for 2021
According to the Deloitte Center for Financial Services, Deloitte Insights’ survey of 200 industry leaders reported on December 3, 2020, the pandemic from COVID-19 hurt the property and casualty insurance business significantly. The trend will continue perhaps into Q3 2022.
Be Aware, If You Care … Insurance Distribution Awareness Can Save You Money
Whether it is life, health, hospital, dental, vision, accident, property, casualty, auto, renters, homeowners, mortgage, credit, or liability, insurance is a part of everybody’s life. So, like it or not, you are an insurance policy customer, and you should know how the insurance distribution process works. It will save you money.
Insurance Policy Limits, Sub-Limits, and Deductibles
When you are renewing or buying a liability insurance policy such as a professional liability policy, a general liability policy, a cyber liability policy, or any other insurance policy for that matter, we recommend that you read and review your coverage. Make your insurance coverage review a standard part of your practice administrative support tasks.