FAQ for Professional Malpractice Insurance

It is especially important in today’s litigious environment to have a broker working for you who has the capability and available resources to best serve your insurance needs. We know from experience that competition, more than any other factor, drives pricing. When as many insurance companies as possible compete for your business – you win! Our primary function is to become your advocate in helping you find the most comprehensive coverage to suit your individual practice, group practice, or medical facility’s needs. As an independent broker, NEXUS does not have an allegiance to just one insurance company. Our primary allegiance is to help you, our prospective client, find the best combination of price and coverage protection for your medical practice.

Very simply put – we have access to a number of medical professional liability insurance companies who do business across the United States. We know that helping you select the right coverage is critical to the operation of your practice or medical facility’s operation and we are dedicated to helping you save valuable time and money. In less than the time that it would take for you to personally apply for coverage from one company, we can submit your application to various professional liability insurance providers. Our firm is small and therefore very efficient. Our sole focus is on the medical industry and we pride ourselves on our ability to find creative solutions to the myriad of complex risk/insurance challenges facing all medical practices. Whether desired or not, the reality is that each and every year, it is necessary for physicians and other medical practitioners to go through the process of renewing and continuing their insurance coverage. Leading up to your renewal, NEXUS has been analyzing the insurance marketplace on a daily basis so that we are prepared each year to seek out the best markets. We fully realize that it is always possible that what was a competitive premium in last year’s insurance market may not be a competitive premium now. It is our job and mission to make sure you, our client, is provided with the best options each and every year.

Getting coverage is easy!  Please complete our Free Quote Form and we will followup with you typically within one business day, if not the same day.  Once we learn about your situation and the kind of coverage you need, we will immediately go to market and start geting you quotes.  Once you select a company, we will then request the necessary documentation to bind your coverage.    

Several factors impact the price of medical malpractice insurance.  They include:

• The state and county in which you will be practicing
• Your specialty
• The work you will be doing
• If you will be working full or part-time
• The number and severity of any past claims
• Any discounts applied

Most insurance companies offer some forms of discount.  Frequently, they include:

• New-to-Practice discount:  often offered to allied medical providers as well as physicians who just finished their training or residency.
• Claim-free discount:  often offered to allied medical providers as well as physicians who have not had a medical malpractice claim or who have not had a malpractice claim in the past ten years.  (It varies by carrier.)
• Part-time discount:  if you will not be working full-time, please let your agent know.  Depending on the carrier, you might qualify for lower rates based on the number of hours you will be working.
• Risk Management CME discount:  not all carriers offer this, but many do.  If you are interested in lowering your insurance rate, ask your agent what CME options might be available that would qualify.    

Yes!  Please complete our Free Quote form and one of our agents will get back to you to discuss your situation and answer any questions you might have about medical malpractice insurance, the application process, or the coverage you might specifically need.