The specific type and level of coverage required can vary based on your specialty and the distinct characteristics of your practice. At Live Oak Insurance Services, we prioritize understanding our clients, allowing us to customize medical professional liability insurance that aligns perfectly with their individual needs. As your committed retail insurance broker, we partner with leading insurance providers. By collaborating with several wholesale brokers, we streamline the process to offer our clients a wide array of comprehensive policy choices from different markets and carriers. Recognizing that not all policies are created equal, we carefully assess each proposal to help you select the solution that best meets your requirements, nationwide.
At Live Oak Insurance Services, we specialize in providing medical professional liability insurance tailored for physicians and medical practices across the nation. Our dedicated team is committed to assisting healthcare professionals, regardless of where they are located in the U.S. Doctors and medical practitioners rely on us to identify the insurance solutions that align perfectly with their unique requirements.
We offer comprehensive guidance throughout the entire process, from the initial application to thoroughly reviewing each policy to ensure it meets the specific needs of you and your practice.
There are two types of professional liability insurances policies and understanding each will help you determine which one is appropriate for your practice. These policies are Occurrence Policies and Claims-Made Policies. Each beneficial, depending on your needs and eligibility.
Cover the insured for claims made about an event that took place during the policy period, regardless of when the claim is reported. As long as the policy was in effect when the alleged incident occurred, you will be covered, even if a claim is made years later.
Cover the insured against claims reported during the policy period, only. With this coverage, once the policy expires, the insurance company will not provide coverage for claims, unless you (the insured) purchased an Extended Reporting Endorsement (ERP or “Tail”).
At Live Oak Insurance Services, we are dedicated to guiding you through the intricate process of securing Medical Professional Liability Insurance. We will review the various policies and cost differences, addressing any inquiries you may have. Healthcare professionals, including physicians and other medical workers in need of liability coverage, are encouraged to connect with our knowledgeable and approachable team for assistance and insights.
You can reach us at 800-727-4547; we look forward to your call. Alternatively, feel free to send us an email for further information. Our services are available nationwide.
