0:00

So one of the take home messages, I've given you sort

0:03

of a primer of the basics of medical malpractice insurance.

0:06

What I would say is that most radiologists prefer claims

0:10

made insurance in part

0:11

because it starts out a little lower cost when you're

0:14

starting your career and is eventually going to

0:19

come up to the same cost as occurrence with the inclusion

0:23

of tails and noses, et cetera, that you will need

0:26

as you change jobs or if you retire.

0:29

It's important to maintain coverage

0:32

and make sure you have overlap and coverage for the years

0:36

after you have completed your practice, that you still

0:40

are covered for potential lawsuits for cases

0:43

that you read a year or two ago.

0:46

So important to understand those concepts.

0:49

There are options for reduced rates.

0:51

Remember that you're gonna ask for those discounts

0:54

for a new physicians, those discounts for part-time work,

0:59

those discounts for retiring, those discounts for attending

1:04

or watching risk management seminars such as this.

1:08

You may actually get a credit,

1:09

and this may end up being a bonus for you

1:13

and you may have made money on this.

1:16

Um, in general, radiologists tend to carry between one

1:19

and $2 million per case and between three

1:24

and five, three to $6 million

1:27

for the year as the parameters.

1:29

Obviously, the more coverage you have,

1:30

the more expensive it is.

1:32

So that's the trade-off.

1:34

But no one wants to be uncovered for a large lawsuit.

1:40

Remember also to look at your state.

1:43

You have to know what the limits are in total,

1:47

and for things like punitive damages or pain

1:50

and suffering in your state,

1:51

because you may have to adjust the amount

1:54

of coverage based on those state rates.

1:57

So I hope that I've sort of opened your eyes to

2:01

what you're looking at when you go

2:02

to discuss your medical malpractice insurance

2:05

and you'll make wise decisions.

2:08

Thank you very much for your attention.