Why Do I Need a Broker For Medical Malpractice Insurance?
The old adage holds true: a person who represents himself/herself in a legal battle has a fool for a client. The same applies to medical malpractice insurance. Unless you want to spend years learning insurance brokering, it is best to consult an expert malpractice broker. The brokers are paid the same commission, which is typically 10% (in some cases 15% to 20%). This is built into the price of the insurance, thus it costs you nothing directly. Also, if you go directly to the insurer, skipping the broker, the insurer will not reduce the premium by the broker commission since it is built into the price. Again, having a broker will not cost you anything.
A good broker also can shop your insurance to make sure you have the best deal. They can be an advocate with your insurer if you have issues with them. They also can explain how your coverage works.