FREQUENTLY ASKED QUESTIONS ABOUT
MEDICAL MALPRACTICE AND PROFESSIONAL LIABILITY INSURANCE
The following are some
frequently asked questions about Medical Malpractice and Professional
If you have questions
other than those listed below, please do not hesitate to call
our office for additional information.
Baxter & Associates, LLC
can be reached at: (800) 641-8865
We look forward to
servicing your needs!
► What if I have Malpractice
Baxter & Associates represents several companies and can match the right
your unique situation.
► What is the effective date?
The effective date is the first day you want coverage to begin. If you
carriers, it will be the last day of your current policy. If you have not
had coverage, it will be the first day you start to provide services.
► What is the expiration date?
Policies are usually issued for a one year period. If your effective
date if December
1, 1999, your expiration date will be December 1, 2000. In some instances,
may be issued for a short term; however, consult with your insurance agent
► What is your retro date?
Retro date actually means retroactive date. The retroactive date is
Standard Time at your address and date requested on the policy's declaration
which begins your policy's coverage period.
In most cases, the retroactive date is the first date on which you began
services and have maintained continuous medical malpractice insurance
It is important that you verify your retroactive date so that there will be
in coverage. Claims made coverage means coverage for claims resulting from
occurring after the retroactive date, provided the claim is reported to the
while the policy is in force.
► What is specialty?
Specialty is the area of medicine in which you have received training
and for which
you will be providing services.
► What is current limits?
Current limits are the amounts of monies for which you wish to be
As an example, $250,000/$750,000 denotes the following:
You have available $250,000 in coverage for any one medical malpractice
against you for any one act of negligence.
$750,000 is available to you as an "aggregate". Your insurance
not pay out more than $750,000 in any one year, regardless of the number of
negligent acts or claims.
► Do I qualify for a New Physician
If you have completed you educational requirements and a fellowship,
residency and are just starting to provide services within:
Last 12 months 75% credit
Last 24 months 50% credit
Last 36 months 35% credit
These discounts vary be insurance company.