A healthcare provider can be non-renewed for their medical malpractice insurance for many reasons –and oftentimes, it may not be your fault.

Some of the top reasons for non-renewal include:

• Number or severity of claims
• The insurance company is eliminating a specialty that they no longer want to cover
• The insurance company decides to no longer provide medical malpractice insurance, in general
• The insurance company is being shut down by the regulators 

Don’t panic.  Getting coverage after a non-renewal, no matter the reason, is possible. 

How to proceed:

• Work with an insurance agency to find new coverage. 

Working with Nexus Insurance Services can save you both time and money.  We can shop the market for you with one application.  As an agency, we can also compare quotes from insurance companies and ask them to provide more competitive pricing to match your best offer. 

• Save your CMEs –especially ones related to risk management. 

Oftentimes, risk management CMEs completed within the past two years can get providers a discount on their medical liability insurance.  It is always worth mentioning these credits to your agent if you have them. Or, ask if your agent has access to CMEs that could get you a discount.   

• Make sure the non-renewing company provides you with an up-to-date loss run.

When applying for new coverage, most insurance companies will request this.  A loss run is a list of any open or closed med mal cases you have had during your time with the carrier.

• If you are being non-renewed due to a claim(s) make sure you can provide a detailed narrative of the claim(s) you have had in the past 10 years to your agent. 

A good insurance agent will want to present your case in the most professional and positive light possible. They are your advocate.  It is not impossible to get coverage if you are non-renewed due to a claim(s).  Nexus Insurance specializes in getting coverage for providers who were non-renewed due to claims.   

Finally, additional documents you should have handy when seeking new medical malpractice insurance:

• Up-to-date copy of your CV
• A copy of the non-renewal notice from your current company.  (Your agent may want to review this.)

With Nexus, we can get you quotes for coverage in as little as 2-3 business days and in some cases, the next business day. 

Contact us today to see if we can help you!