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Why Malpractice Insurance Policies Can Get Non-Renewed

Why Malpractice Insurance Policies Can Get Non-Renewed

FromMalpractice Insights


Why Malpractice Insurance Policies Can Get Non-Renewed

FromMalpractice Insights

ratings:
Length:
15 minutes
Released:
Apr 20, 2022
Format:
Podcast episode

Description

Receiving a letter of non-renewal from your malpractice insurance company can be incredibly stressful and frustrating. And often it comes out of nowhere. So why do malpractice policies get non-renewed? What factors does an underwriter consider when determining whether or not to keep a risk on the books?  In today’s episode we’re going to give you the 6 reasons why a malpractice insurance policy may get non-renewed, what you can do to avoid it, and what steps you should take immediately after receiving a non-renewal notice so that you can ensure your coverage for the years to come. For the BLOG on this topic, visit: https://www.aegismalpractice.com/malpractice-insights/why-do-malpractice-policies-get-non-renewed0:00 Intro1:25 What does the non-renewal process look like?3:55 Reason 1 - Claim activity5:54 Reason 2 - Increased risk exposure7:38 Reason 3 - Consistent late payment9:00 Reason 4 - Licensure issues or board action10:05 Reason 5 - Fraud10:50 Reason 6 - Carrier is exiting the market12:05 What to do after receiving a non-renewal notification13:49 Let Aegis help!**********Contact us!**********?? aegismalpractice.com? 888.51AEGIS  [888.512.3447]**********Follow us on Social Media**********Facebook: https://www.facebook.com/AegisMalpractice/Twitter: https://twitter.com/AegisMedMalInstagram: https://www.instagram.com/aegismalpractice/0Linked In: https://www.linkedin.com/company/aegis-malpractice-solutions/YouTube: https://www.youtube.com/channel/UCyDVJQuU4ihcZl3gcL6L16A?? Produced by Grip Media Indiana.  For more information on how Grip Media can help produce your podcast or video work, visit https://www.gripmediaindiana.com
Released:
Apr 20, 2022
Format:
Podcast episode

Titles in the series (100)

Welcome to Malpractice Insights! A podcast dedicated to helping healthcare professionals navigate the world of medical malpractice insurance. Whether you’re a resident or fellow getting primed to start private practice or a veteran doctor looking to sharpen your skills, we’re covering the topics our clients are curious about — from need-to-know info on malpractice coverage in the COVID era to tips on improving bedside manner. Join host Jennifer Wiggins for new episodes every week and follow us on your favorite social media platform to join the conversation.