The Difference Between Occurrence and Claims Made Coverage: An Important Question in Medical Professional Liability
One of the more common calls I field when assisting practices with insurance program alternatives goes like this: “The partners like your Malpractice insurance proposal, but remind me about the difference between Occurrence and Claims Made coverage—if we go ahead with this plan, will we need to worry about a Tail?”
In a physician’s world, ensuring you know the answer to that question has become critical. Claims Made coverage can be the right solution in certain cases, but a short-sighted strategy today can have significant financial implications tomorrow.
Drones are becoming more of an everyday phenomenon and are being incorporated into business ventures, scientific pursuits, film and fun. Enthusiasts should be aware that these devices may not be well received by business establishments, secure locations and formerly friendly neighbors. It is quite possible your “recreational” use of a drone may cause damage, invade privacy or be interpreted as a threat. Should an allegation arise after your use of a drone, your Homeowners Insurance may or may not be a source for some coverage.
It is best to check with your Homeowners Insurance provider before taking that drone out of the box. There are likely to be insurance gaps in your insurance protection, especially if you—or one of your children—operate a camera-enabled drone and perhaps buzz your neighbor’s yard or cruise over a commercial establishment that values its trade secrets.
Help Prevent Frivolous Malpractice Lawsuits from Hurting Your Colleagues. Serve on a Medical Malpractice Tribunal
Massachusetts law requires that a tribunal consisting of a physician, a judge, and an attorney screen all medical malpractice claims before trial. This helps the court determine if there is sufficient evidence for a case to proceed. Sign up here, or contact the MMS Office of the General Counsel, 800.322.2303, ext. 7520, or by e-mail at firstname.lastname@example.org.
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