The insurance industry is cyclical, with periods of fluctuating conditions known as "hard" and "soft" markets. Currently, the industry is experiencing a hard market, a phase that has significant implications for both insureds (policyholders) and insurers.

Commercial property insurance is a vital component of any business's risk management strategy, protecting physical assets such as buildings, equipment, and inventory from various perils. One important concept within commercial property insurance is coinsurance, a term that can significantly impact the outcome of a claim.

When shopping for insurance, the temptation to lower your premium by increasing your deductible can be strong. After all, a lower monthly payment seems like a smart way to save money. However, the truth is that increasing your deductible might not be as cost-effective as it appears.

When it comes to choosing the right insurance coverage, it's essential to understand the distinctions between standard and non-standard insurance companies. This knowledge is particularly crucial for healthcare professionals who need to ensure they are adequately covered in their high-stakes profession. Here, we break down the key differences, benefits, and examples of both types of insurance providers.

Starting a telehealth practice in one of California’s bustling metro cities can be an exciting and rewarding venture. With the increasing demand for accessible healthcare solutions, telehealth presents an innovative way to reach and serve patients. Here’s a comprehensive guide to help you establish your telehealth practice in California, ensuring compliance with all necessary regulations and maximizing your chances of success.

If you've experienced a loss and need to report a claim, it's important to follow a structured process to ensure a swift and accurate resolution. The steps outlined below offer a standard operating procedure (SOP) to guide you through reporting claims to your insurance company.

Are you getting the best deal on your insurance? For healthcare professionals, ensuring you have comprehensive coverage at an affordable premium is crucial. Shopping for insurance isn't just about finding the cheapest policy—it's about getting the right coverage that meets your unique needs.

In the healthcare industry, safeguarding sensitive information isn't just a best practice—it's a mandate. From patient records to billing information, healthcare professionals are custodians of a wealth of data that must be protected against cyber threats. This guide aims to provide essential tips and strategies to keep your digital life secure using advanced cyber technology protectors.

Navigating the complex landscape of healthcare involves numerous legal risks. Understanding the top reasons for lawsuits can help medical professionals and healthcare providers mitigate these risks and enhance patient care.

In the evolving healthcare landscape, maintaining robust liability coverage is crucial. Extended Reporting Period (ERP) coverage, often referred to as "tail coverage," is a vital component for healthcare professionals. This type of coverage ensures continued protection even after your primary insurance policy has ended.

In today's digital era, the healthcare industry has embraced electronic health records (EHRs) as a means to streamline patient care and improve efficiency.

That's where medical malpractice insurance comes into play—a vital safeguard that ensures you have the necessary protection against potential risks. In this comprehensive guide, we'll explore the importance of medical malpractice insurance, what it covers, and the potential consequences of not having it.

As a healthcare provider, having medical professional liability insurance is essential to protect you from potential litigation. The coverage provides financial assistance in case of malpractice claims or lawsuits. However, as you continue to renew your policy, you may notice an increase in your insurance premiums

Having employees and/or independent contractors for your healthcare practice is vital to the success of your organization and the essence of providing care to individuals. Often with medical malpractice insurance, you can typically add additional mid-level and advanced-level providers to your policy as a physician or surgeon or even an entity policy.

Many clients tend to wonder why their premiums increase yearly over the first five years of having a claims-made insurance policy for professional liability insurance. I believe it is the duty of the agent who is servicing you to disclose to you the ramifications of claims-made policies written for professional liability insurance, specifically medical malpractice insurance.

Understanding how an agency works for you may be critical in your deciding factors as to whether or not they are a good fit for you when searching for Medical Malpractice insurance or any other type of commercial insurance for your healthcare practice.

Cyber liability is the legal responsibility businesses and individuals can be held accountable for, for damages caused by data breaches and cyber-attacks. This can include expenses like credit monitoring, identity theft protection, and legal fees. It can also cover lost income if customers stop doing business with you because their personal information was compromised in a data breach.

Technology has become an integral part of our lives. We use it for entertainment, communication, and work. Technology can also be used to help enhance your healthcare organization's online presence. In this blog post, we will discuss how technology tools such as Calendly, Zoom, Jasper, Otter, and Mailchimp can improve your online presence and awareness.

When it comes to Lost & Found items, many organizations struggle with how best to manage the process and ensure accountability among different departments. In this blog post, we'll explore three different ways to improve accountability for lost or missing patient property.

Since 1975, MICRA (Medical Injury Compensation Reform Act) has been used to try and stabilize access to healthcare in California by reducing medical injury-related claims and stabilizing premiums for medical professional liability policies.

Medical malpractice insurance, also known as medical professional liability insurance, protects healthcare professionals from being sued for damages if they are accused of negligent medical care. The insurance covers the cost of defending the lawsuit and any damages that may be awarded to the patient.

If there's any term that strikes fear in the hearts of risk managers and many brokers alike, it's cyber. Not only is the landscape of cyber risk evolving and changing by the day, but comprehensive coverage against cyberattacks, ransomware, and other threats has gone from a nice-to-have add-on to a foundational part of enterprise risk management.

As 2021 comes to a close, I wanted to provide you with a healthcare professional liability (HPL) forecast for the medical services industry. The HPL space has been in a firming trend for nearly two years now, and that trend will continue. The next six to twelve months will be challenging, and Ethos is ready for it.