When it comes to Claims-Made malpractice insurance, there are some nuisances with this policy type that can make it a bit more complicated to understand. One of the most distinctive characteristics of this type of coverage is how it starts at a low premium and then increases in price every year for 5 years. And if you weren’t made aware of this when you first BOUGHT the policy, it can be incredibly frustrating to see your rate go up year over year.
But, why does it do that? And what can you do to make sure you don’t get caught off guard with this in your policy? Well, today we’re going to talk all about Claims-Made step factors… what they are, how the underwriter prices them, and how you can be one step ahead when it comes to your malpractice coverage.
📱Related Episodes: Understanding Occurrence vs. Claims Made https://youtu.be/zcDaZ7bx3k4
1:18 Understanding Claims-Made Coverage
5:32 Step Factors
**********Contact us!**********
📱💻 aegismalpractice.com
📞 888.51AEGIS [888.512.3447]
**********Follow us on Social Media**********
Facebook: https://www.facebook.com/AegisMalpractice/
Twitter: https://twitter.com/AegisMedMal
Instagram: https://www.instagram.com/aegismalpractice/
Linked In: https://www.linkedin.com/company/aegis-malpractice-solutions/about/
YouTube: https://www.youtube.com/channel/UCyDVJQuU4ihcZl3gcL6L16A
Popular Podcasts
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
My Favorite Murder with Karen Kilgariff and Georgia Hardstark
My Favorite Murder is a true crime comedy podcast hosted by Karen Kilgariff and Georgia Hardstark. Each week, Karen and Georgia share compelling true crimes and hometown stories from friends and listeners. Since MFM launched in January of 2016, Karen and Georgia have shared their lifelong interest in true crime and have covered stories of infamous serial killers like the Night Stalker, mysterious cold cases, captivating cults, incredible survivor stories and important events from history like the Tulsa race massacre of 1921. My Favorite Murder is part of the Exactly Right podcast network that provides a platform for bold, creative voices to bring to life provocative, entertaining and relatable stories for audiences everywhere. The Exactly Right roster of podcasts covers a variety of topics including historic true crime, comedic interviews and news, science, pop culture and more. Podcasts on the network include Buried Bones with Kate Winkler Dawson and Paul Holes, That's Messed Up: An SVU Podcast, This Podcast Will Kill You, Bananas and more.
The Joe Rogan Experience
The official podcast of comedian Joe Rogan.