Medical Professional Liability Insurance

Medical advances, the broadening spectrum of Healthcare Services, skyrocketing liability claims and reduced revenue sources have created a new world for Medical Professional Liability Insurance and the insurers who provide the coverage.

At any time, Healthcare Organizations and Providers may have an expensive and damaging lawsuit. In some cases, the suit is groundless and is brought on by an overly aggressive legal system that has "reward" incentives.

The rising cost of healthcare has put pressure on the delivery system to keep costs down. Cost cutting efforts can generate new types of claims that declare the lack of care or negligence to be economically motivated.

Healthcare Organizations and Providers may be forced to utilize lower levels of trained Healthcare Professionals and are being exposed to understaffing problems.

The Insurance Industry has been rocked by large catastrophic claims, reduced surplus, higher retrospective claims reserving, insolvencies, withdrawal of reinsurance support and increased regulation.

At times the problems with Medical Professional Liability Insurance seem overwhelming.

The Wood Insurance Group recognizes the issues and is highly qualified to assist you in the design and placement of your clients Medical Professional Liability Insurance. We maintain excellent relationships with the main insurers for this line of coverage. Maintaining great business relationships is an important factor in obtaining the best possible results for your client.

Many insureds have increased their level of self-insurance. Some use higher deductibles, captives or coalitions of "like kind" entities to share risk assumption. The Wood Insurance Group is very supportive of your client's self-insuring and we are very experienced in these areas.

Types of Healthcare Organizations and Providers we provide coverage for are:

• Hospitals
• Large Physician Group Practices
• Hard to Place Individual Physicians
• Small Physician Practices
• Alternative Medicine Clinics/Providers
• Surgery Centers
• Imaging Centers
• Wound Care Services
• CRNAs
• Clinical Trials
• Staffing/Locum Firms
• Emergency Medicine
• Urgent Care Groups
• Laboratories
• Perfusionists
• Autotransfusionists
• Naturopathic Physicians
• Acupuncturists
• Anti-aging Healthcare Professionals and Clinics
• Laser Technologists
• Miscellaneous Facilities/Providers
• Allied Healthcare Providers
• Medi-Spas

For more informaion, please contact David Wood, President, Robert Gano, Executive Vice President, or Jodie Cole, Senior Vice President

Download an application here