Podiatrist Medical Malpractice Insurance

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Understanding the Podiatrist Med-Mal Marketplace

Professional liability insurance for Podiatrists is inexpensive when compared to other medical specialties, but that doesn’t mean the profession doesn’t face its own unique set of liability risks or that there are no cost savings to be found by working with an experienced medical malpractice insurance agent.

Podiatrists have long served a particular healthcare niche, but the numbers of patients seeking their help has been on the uptick. In addition to treating foot ailments such as ulcers, fractures and deformity as well as skin or nail diseases, they are becoming more involved in treating symptoms of diabetes and cardiovascular disease.

It’s no secret that America is experiencing an obesity epidemic, and that epidemic carries an increase in diabetes diagnoses. More than 65,000 lower limbs are amputated annually due to complications from diabetes, but by involving a Podiatrist in the treatment of the disease, the risk of amputation can be reduced by as much as 85 percent. With an emphasis placed on preventative care by the Patient Protection & Affordable Care Act (“ObamaCare”), working with a Podiatrist in the early stages of diabetes treatment is expected grow.

There has traditionally been one dominant insurer for podiatrists’ medical liability risks, but during the past several years, a number of new insurers have entered the market. These insurers are eager to earn your business. To do so, they have been competitive in premium pricing and offer a number of discounts and credits for being loss-free or participating in risk management courses.

Our team of medical malpractice insurance specialists has access to all of the major insurers of medical liability. They take the time to assess your needs and assist you in choosing the policy coverage that best suits your practice—whether you work full-time or part-time; you’re surgical or non-surgical; you are solo or in a group practice—at the most affordable rate. Let us help make these companies compete for your business, click now to start our easy Custom Quote Process.

This write-up for Podiatrists was put together by Michael Matray, the Editor of the Medical Liability Monitor