Pay Your Medical Malpractice Premiums First and on Time Always
Recently, we had a prospect who was a surgeon in the standard insurance market (Medical Malpractice insurance companies that offer the lowest prices and best coverages for MD’s with favorable risk profiles). He had been insured with them for several years and was in line for free tail (when he retires he pays nothing for lifetime prior acts coverage).
His Bookkeeper was always paying bills late to maximize cash flow, including his medical malpractice insurance. Expenses were exceeding revenue, and the bookkeeper kept ignoring the late notices/cancellation notices from the medical malpractice insurance company.