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Moonlighting Malpractice Insurance
Moonlighting Malpractice Insurance
With reimbursements for Medicare and Medicaid lower since the passage of Obamacare, and the number of eligible patients going up, doctors should embrace the opportunities that this situation presents.
At Cunningham Group, we counsel our physician clients to search out moonlighting opportunities, if they are interested, because the jobs are available and it can be an easy way to supplement their income. In addition, we secure policies daily for physicians entering new moonlighting positions and here are a few key points that can help you with your moonlighting liability coverage search:
Top 5 things doctors need to know about Moonlighting malpractice insurance.
- Make sure your current employment contract does not prohibit you from moonlighting.
- Don’t assume your current policy will cover you! Many physicians will try to have their primary liability insurance company pick up their extra hours, but usually they will exclude coverage for anything outside the doctor’s full-time practice. Most moonlighting policies are part-time. This means that the liability policy covers the physician for 20 hours or less per week. Physicians should be aware that the policies contain the same features as their full-time coverage, and if they leave the policy, and they have purchased a claims-made policy, they will have to purchase a tail.
- Different positions require different kinds of policies. Most of the admitted insurance companies will cover a moonlighting position, put it depends on the situation. Some moonlighting positions require approaching a surplus lines company. For instance, a physician that moonlights at a nursing home and treats another doctor’s patients, will more than likely have to go to a surplus lines company. Another example would be a doctor doing weight loss or certain medi-spa treatments.
- Moonlighting outside of your specialty. If you take a position outside of your specialty, the liability insurance companies will most likely require proof-of-training in order to give coverage.
- Know the details of your position. It is important to provide as much detail as possible about your moonlighting position to your liability agent when seeking coverage. You should provide your agent: Name and address of position location.
- Specialty (Is this different from your current specialty?)
- Duties and responsibilities.
- Number of hours per week.
- When the coverage needs to be in place.
How we help doctors buy malpractice insurance.
- You will submit your information through a secure medical malpractice insurance quote form.
- You can always call us and speak to an agent immediate.
- A veteran medical malpractice insurance agent will be assigned to you.
- We shop your moonlighting coverage to every major malpractice insurance company in your state.
- Your agent will take the time and go over all of your options with you, explaining everything to make certain you make the right decision.
- We get you your moonlighting malpractice policy at the best price with a major insurance company.
- At renewal time: We start the shopping process all over again, getting you quotes from all the major malpractice insurance companies to again make certain you’re properly priced.
Does it cost you extra to work with a malpractice insurance agent or broker?
Our service costs you nothing. In the medical malpractice insurance industry, agent commissions are already built into your premium, so you pay the same amount for coverage whether you use an agent or purchase directly from the insurance company. Let us be your advocate. Request your free medical malpractice quote and learn why thousands of doctors have selected us as their medical malpractice insurance agent.
The Ultimate Physician Medical Malpractice Insurance Guide
We’ve created the ultimate medical malpractice insurance guide for physicians that can answer almost any question you may have — either before you buy or you have an active policy. This guide applies to all physician specialties in every state.