Professional Liability Archives - Actuate Insurance Agency

Celebrating 25 Years of Excellence: Rich Weston Recognized for His Commitment to Insurance Education

Physicians Insurance Senior Account Executive Rich Weston, CIC, was recently honored for his ongoing pledge to education, commitment to excellence, and dedication to the insurance profession. Earning his CIC designation and maintaining all the update requirements for 20 years places Rich in the top one percent of all insurance professionals in the country.

The influence of AI on Medicine and the impact on Risk Management

Recent Trends in Medical Professional Liability Insurance

By Thomas Bryant, ARM, President, Physicians Insurance It’s been a difficult few years, financially, for physicians. Health systems and hospitals are facing fiscal challenges that are creating upheaval for physicians, health care workers and patients. Meanwhile, many practices are still trying to recover from the pandemic. This uncertainty may have […]

How Much Malpractice Insurance Do I Need?: Your Guide to Securing Comprehensive Coverage

Choosing the right amount of medical professional liability, commonly called medical malpractice insurance, is crucial for every medical professional. It ensures you are adequately protected against malpractice claims while balancing costs and legal requirements. This guide will help you navigate the key factors to consider when determining your professional liability […]

Individual vs. Employer-Provided Malpractice Insurance: Pros, Cons, and Coverage Gaps

Navigating medical professional liability (MPL), commonly known as malpractice insurance, is critical to safeguarding your professional career as a healthcare provider. Whether you’re a physician, nurse practitioner, or other medical professional, making sure you have the right coverage—and choosing an insurer with a strong reputation and financial stability—can be the […]

physician and insurance partner shaking hands

Physicians Insurance — Our Services

The Experts in Insurance for Health Care Practices by Thomas J. Bryant, ARM, President As summer winds down, I’m grateful that my staff was able to take some well-deserved time off to enjoy the warmer weather with family and friends. Our team is key to our success, and as we enter our busiest […]

The Informed Practice — Moonlighting

—Are You Covered for “Moonlighting”? — Kathleen Finnerty-Schroth, CIC You never want to learn after the claim is made that you don’t have the proper insurance coverage, whether it involves your Auto, your Home, or your Health insurance. So too, it would come as unpleasant news that your professional liability […]

The Informed Practice — AI and Malpractice Risk

What Does AI Mean for Malpractice Risk? There’s been a lot of attention lately given to artificial intelligence. The fourth iteration of ChatGPT was launched in mid-March, featuring deep-learning artificial intelligence that generates human-like responses. A few weeks later, a coalition of technology leaders, including Twitter and Tesla CEO Elon […]

The Informed Practice — Litigation Stress

Managing the Stress of a Malpractice Lawsuit Malpractice suits are an unfortunate reality for physicians in today’s health care landscape. According to the American Medical Association, 1 in 3 physicians will have a medical liability claim filed against them in their lifetime. More than half of respondents to a Medscape […]

THE INFORMED PRACTICE – ADDRESSING HEALTH MISINFORMATION

Addressing Health Misinformation By Thomas J. Bryant, ARM President, Physicians Insurance January 23, 2023 In my recent blog, I briefly mentioned misinformation as a factor in patients’ mistrust in the health care system. It’s a topic worthy of further discussion, as misinformation itself has consequences for patients and your practice. […]

The Informed Practice – Building Trust

The past few years have been marked by public mistrust — mistrust in the government and institutions, in science, and yes, in physicians. The COVID-19 pandemic and the political environment of late has made public mistrust clear, but it is not a new phenomenon. Patients’ trust in their physicians is an important factor in achieving patient satisfaction and outcomes and in minimizing malpractice risk. In this article Tom Bryant discusses simple strategy for building physician-patient trust.