Healthcare

Policy Prescription How healthy is your clients’ medical professional liability coverage?

Policy Prescription

  The 1374 trial of Stratton v. Swanlond was history’s first-ever recorded medical malpractice case. Back then, the plaintiff received 40 English pounds: worth about $38,000 (US) today1. In contrast, medical malpractice suits now cost the healthcare sector upwards of $35 billion with one out of every 14 doctors facing a suit every year2. The…

A Healthy Opportunity

Thousands of Baby Boomers are turning 65 every day, increasing the demand for healthcare services. Many of those in this aging population have multiple chronic conditions. Consequently, there is a growing demand for a wide variety of caregivers. All these professionals, facilities and services are going to need liability insurance. Even if members in this…

Medical Equipment Market

4 Questions to Ask Before Entering the Lucrative Medical Equipment Retail Market

A boom in business for the medical equipment market Maybe it’s cost or the want to keep one’s independence. Whatever the reason, more and more Baby Boomers are opting for in-home healthcare instead of assisted living. Consequently, the medical equipment market is experiencing a boom in business. Yet with prosperity comes responsibility. While manufacturers are…

What Every Broker and Agent Needs to Know About the Affordable Care Act

Prepare yourself. The Affordable Care Act (aka Obamacare) is changing more than the way Americans buy their health insurance. It will dramatically shift the way physicians purchase their professional liability insurance as well. “Medicare reimbursements are a huge part of this,” says Brad Rosgen, Healthcare Practice Leader at Burns & Wilcox. “Reimbursements are decreasing for…

Three Ways Eldercare Can Boost Your Business

As America watches the drama of healthcare play out on its political stage, one thing will remain certain regardless of its fate: Insuring the people who care for the elderly will always present its own set of challenges. Not surprisingly, the eldercare industry and home healthcare has become a burgeoning area of growth. It’s a…

Urgent Care

Urgent Care: Medical Liability Coverage Gaps

How the health care overhaul is exposing huge medical liability coverage gaps – and huge opportunities for intrepid agents Is there such thing as a bulletproof sector of the economy? Maybe. When times are tough, people may delay vacations, rein in their discretionary spending, downsize their living arrangements, even postpone higher education. But however bad…