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Malpractice Insurance

A medical malpractice insurance policy is a risk management tool used to transfer the financial risk of medical malpractice from a healthcare provider to an insurance company. It is a form professional liability insurance that protects healthcare professionals from an act or omission during the treatment of a patient, that is outside of the accepted norms of practice.

Good medical malpractice insurance covers the procedures that the specific healthcare practitioner performs. The best medical malpractice insurance covers those procedures while keeping costs as low as possible. In some instances, it is necessary to cover the entire scope of practice. Our goal is to either tailor a policy to cover specific treatments that are performed while lower costs, or to find a policy that will cover the entire scope of practice for a healthcare practitioner.

Regardless of the healthcare profession, Boca Insurance Advisers has access to the top medical malpractice insurance carriers in the country. We write standard admitted malpractice insurance as well as excess and surplus lines medical malpractice with companies such as Medical Protective, Admiral, Lloyd’s of London, and more. Give us a call today to make sure you are covered properly, and to lower your costs.

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What is medical malpractice and malpractice insurance?

Medical malpractice is the legal cause of action due to an injury caused by a healthcare practitioner deviating from their professional standard.1 This has created a societal need for ‘medical responsibility,’ which can be dated back to the Code of Hammurabi in 2030 BC.2 Medical malpractice insurance is a financial tool used to transfer the financial risk of medical responsibility to an insurance company.

Professional Liability, Malpractice Insurance and General Liability Insurance Explained

The year is 2017 and your practice has been running pretty smoothly. But every once in a while there's an “uh, oh”. Y'know, some unfortunate mishap, mistake or accident. Don't trip. The first thing you need to do is snap out of robot mode. You're a human being, not a...
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INSURANCE ADVICE – STAYING RESPONSIBLE

There is a fascinating article in the Economist, titled "The kids are alright," cites Don Tapscott, the man who has overseen a $4.5 Million study regarding the evolutionary changes taking place among our youth whom he names the "Net Generation."  He argues that the...
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GROUP MALPRACTICE OR INDIVIDUAL MALPRACTICE?

Recently I have been getting a lot of questions about the difference between two insurance situations: personal malpractice insurance versus group malpractice insurance.  To make things easy both policies that we write cover the practitioner for the same perils (i.e....
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Medical negligence definition:

Medical negligence is a form of professional negligence caused by a healthcare professional.3 The definition of negligence According to Jay M. Feinman of the Rutgers University School of Law is that people should exercise reasonable care when they act, and take into account what harm they might cause in the foreseeable future.4 Therefore, medical negligence could be defined as the lack of reasonable care, by a healthcare professional, to take into account the foreseeable harm they might cause.

We write medical malpractice insurance nationwide!

It does not matter what state you practice in. We can find coverage for healthcare practitioners in any state. We are licensed to write insurance in a majority of the states in the US, but if you happen to be in a state we are not licensed in, we will investigate getting a license, or refer you to one of our trusted resources. Do not hesitate to call us if you are anywhere in the US!

Florida malpractice insurance required minimum limits:

Physician

$100,000
  • $300,000 aggregate
  • Escrow account
  • Professional liability insurance
  • Unexpired, irrevocable letter of credit

Surgeon

$250,000
  • $750,000 aggregate
  • Escrow account
  • Professional liability insurance
  • Unexpired, irrevocable letter of credit

Nurse

$100,000
  • Professional liability insurance
  • Unexpired, irrevocable letter of credit

Physical Therapist

No limit requirement
  • Demonstrates proof of possessing malpractice insurance

Dentist

$100,000
  • $300,000 aggregate
  • Professional liability insurance

Acupuncture

$10,000
  • $30,000 aggregate
  • Escrow account
  • Professional liability insurance
  • Unexpired, irrevocable letter of credit
  • Surety bond

Chiropractic

$100,000
  • $300,000 aggregate
  • Professional liability insurance
  • Unexpired, irrevocable letter of credit

Psychologist

$250,000
  • $500,000 aggregate
  • Escrow account
  • Professional liability insurance
  • Self-insurance
  • Surety bond
  • Unexpired, irrevocable letter of credit

“Working with Nick has been a great pleasure. He takes time to explain my policies and makes meaningful suggestions. I feel he has me and my business best interests at heart. I highly recommend working with him.”

Cameron Bishop, DAOM, L.Ac.

“I was with AAC for over 10 years because I ‘thought’ I had coverage, but I was wrong. I left AAC after looking at the plan Nick sells, I found it to actually be insurance coverage for my complete practice act, where my old plan I found to have many exclusions!”

Jill Jaynes, AP, DOM

“I’ve known Nick Grokhowsky for 10 years and appreciate his effort and commitment to do all he can do to assist his clients in finding insurance products that best fit their needs.”

Thomas Bailey, AP

© American Insurance Advisers
517 Lancaster Street
Boca Raton, FL33487

MEDICAL MALPRACTICE INSURANCE QUOTES

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1. https://en.wikipedia.org/wiki/Medical_malpractice
2. http://www.ncbi.nlm.nih.gov/pmc/articles/PMC2628513/
3. https://en.wikipedia.org/wiki/Medical_malpractice_in_the_United_States