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Things to Consider When Selecting a Medical Malpractice Insurance NJ January 25, 2014

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Getting NJ malpractice insurance is an important decision for any healthcare provider. Several factors affect the quote provided by the insurance carrier. So make sure that you are getting high quality services from your insurance provider. You need to consider a few things before you get yourself medical malpractice insurance.

There are several elements that influence the price tag of an insurance policy, a few important ones being your medical specialty, education, training, the place where you practice and the history of your practice. A medical professional who has a claim filed may have a greater annual premium as compared to the one who has none.

Before selecting an insurance policy, carefully go through the terms you are being offered. Review the form of insurance coverage along with the liability’s limit. Also, take into account the exclusion clauses such as those regarding intentional misconduct and punitive damages.

It is highly advisable that you always check the rating of the company providing the insurance service. It is a good measure of a service provider’s credibility and reliability. Companies which are ready to show their financials as a proof to their good practice are usually reliable and credible.

Getting yourself medical malpractice insurance NJ is not a so complicated; if you aware of the things you have to look for. For instance, it is always a good practice to appoint an agent who specializes in medical malpractice insurance to work along with. These agents have vast knowledge of the insurance industry and are better able to guide you about the policies that suit you the most.

Various Types of Malpractice Coverage NJ December 16, 2013

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There are many types of NJ malpractice insurance that cover different aspects of malpractice law. Some cover the incident only when it occurs while others cover it for a certain period after the policy has elapsed. There is also a type of malpractice coverage that covers issues after the expiration. Each of these types of malpractice coverage has a specific requirement. Let’s look at what they offer:

ImageClaims Made Coverage
Claims Made NJ medical malpractice insurance is the most common type of coverage. The terms and conditions of this policy are like any other. Any claim filed within the active policy period will be entertained. If the policy expires, no claim will be entertained regardless of when the issue occurred. Even if you switch carriers, the previous policy will not cover any incidents that occurred before the switch.

Tail Coverage
Tail coverage is actually a supplemental coverage. The terms and conditions are rather similar to that of the Claims Made coverage. The tail coverage extends the protection in accordance with the Claims Made coverage for a certain period of time. Even if the insurance has expired, the Tail coverage will provide coverage as long as the issue occurred within the timeframe that the original Claims Made policy was active.

Occurrence Coverage
Occurrence Coverage is the most beneficial New Jersey malpractice insurance. It is also the most expensive kind of malpractice coverage. It covers any claims made in future on a permanent basis. The issue should have occurred during the time the policy was active for this to apply.

To determine which policy is the best for your needs you should consult with an insurance agent.

Purchasing the Right Malpractice Insurance October 2, 2013

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Being a professional in the medical industry induces a lot of stress. Excess stress can take a toll on your efficiency in performing your job. In such a case, it is only human to make mistakes. However, these mistakes can have a great impact on your life if you are facing a medical malpractice claim. The best way to protect yourself from financial loss is buying NJ malpractice insurance.

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Ask Fellow Colleagues for Referrals

To purchase malpractice coverage, ask fellow professionals for referrals of trusted providers. Almost every other individual in the medical industry has such coverage and you can easily get a number of referrals.

Get Quotes from Different Insurance Companies

Once you have a list of referrals, you can start researching. Contact each company and get a quote. Compare the coverage level for each company to determine where you get the best value for your money. This will make the selection process relatively easy for you.

Read the Fine Print and Terms & Conditions Carefully

Always remember to read the fine print and the terms & conditions properly before selecting a company. The coverage offered by a certain company may sound appealing but the fine print may reveal something different in the event of a claim.

Ask For Details in Writing

If there is a particular clause which you were promised but is not mentioned in the contract, make sure to have it included. Do not sign the contract unless you have each promise jotted down on the contract.

So, if you are a professional in the medical industry and looking for NJ medical malpractice insurance, you can follow these steps and get the best coverage.

Surgical Errors Which Are Counted As Medical Malpractice September 19, 2013

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A number of medical errors can be constituted as medical malpractice, for example surgical errors. Surgical errors that cause a patient suffering, pain and injury of any sort during the surgery can give rise to lawsuits. If a professional’s conduct falls in providing the standard of care below that of the other surgeons in the same area, it is considered as medical malpractice and the victim can claim NY medical malpractice insurance.

Surgical errors are a result of the surgeon’s negligence, lack of preoperative preparations, incompetence or inadequate procedures, or instruments of work processes. Before each surgical procedure, the patient is asked to sign consent documents which advises them of the risks involved. It is not an uncommon fact that surgical procedures carry the risk of complications and major illnesses like strokes and heart failure. But errors which go beyond these risks constitute medical malpractice.

These include:

•    leaving a surgical instrument inside the patient
•    operating on the wrong patient
•    use of incorrect incisions
•    nerve damage
•    anesthesia overdose
•    surgery on the wrong body part

Although surgeons and their staff carry out the proper procedures before and after a surgery, errors still occur due to a combination of factors, such as miscommunication, lack of proper coordinating skills, insufficient preoperative planning, operating under the influence of drugs or fatigue, incompetence and carelessness of both the surgeon and the staff.

If any patient is victim to a mishap caused by any of these, they have a right to file a lawsuit against the surgeon and claim medical malpractice insurance NY.

Malpractice Insurance NJ Offers Its Professionals April 30, 2013

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If you are looking for comprehensive malpractice insurance, NJ insurance experts are your best bets for absolute protection and excellent service. While one can’t deny the importance and absolute necessity of having malpractice insurance under one’s belt, most people think that they can simply choose one carrier, buy a policy and get covered for life. Unfortunately it is not that simple and it would be wise to confer with experts than get landed with the wrong policy which is not just be expensive but also dangerous, because in emergencies you will have no support to fall back on.

In times of need would you rather face the situation confidently or waste your time reading through the fine print? Avoid such situations and prevent colossal waste of money b making sure that your career and your future are properly cushioned against all emergencies. This is where you can derive maximum benefits from expert consultants in malpractice insurance NJ has to offer. These are experts who have over 30 years of experience and have serviced a significant number of clients over the years. Their expertise and experience have also enabled them to stay ahead of the trends in the industry which offers their clients the best solutions possible.

How does it all work? Well, conferring with experts mean one thing – simplicity. Consultants for malpractice insurance NJ area offers work hand in hand with clients as well as carriers to bring about a solution that blends in perfectly with client needs. They first do in-depth study of the client’s profession, associated risks and all possible situations that may lead to malpractice suits. Then they provide solid coverage to protect the client for a long time and at the best prices possible.

MBS Insurance Services Offers Strength, Dependability, & Coverage March 28, 2013

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The role of a doctor involves many duties. Sure, the ultimate one is to do no harm and save lives, but there are many more facets to consider. Some things are unpreventable and doctors do not have the luxury of indulging in minor oversights. These “minor oversights” made by doctors could lead to big problems on the patient’s end. Hospitals and doctors cannot afford to spare any doubts, literally. Any missteps on the doctor’s end are detrimental to the health of a patient. They could be seeing themselves up for a career-threatening malpractice suit.

MBS Insurance Services is available to protect our doctors and medical professional, especially when they have bigger situations to worry about. We strive to provide painless, secure, and optimum protection for our medical professionals. Our goal is to prevent severe damages from taking place in the event of a malpractice suit.

As a premiere NJ malpractice insurance company, we have been hard at work protecting our clients from accusations of negligence. We understand doctors have enough on their plates, and that is why our consultants are on hand to make things a little easier.

Since MBS Insurance Services start in 1984, the company has been protecting the reputation of medical practitioners from malpractice suits for over 30 years. Our longevity in the industry has been due to the diligence and knowledge of our MBS consultants. Medical professionals looking for malpractice insurance NJ protection have trusted their practice with MBS Insurance Services. 30 years strong, and we are happy to keep on delivering.

Our MBS Insurance Services consultants have provided premiere insurance solutions; from relieving financial worries, to protecting assets from potential legal woes.

Should I Get A New Jersey Medical Malpractice Insurance Lawyer February 19, 2013

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If you have suffered an injury from a misdiagnoses or had an extremely important surgery go horribly wrong, then maybe its time you consider meeting with New Jersey malpractice insurance lawyers. New Jersey medical malpractice insurance lawyers help provide legal advice and counsel to both patients seeking advice on potential medical malpractice lawsuits and doctors looking to defend themselves against the same type of lawsuits.

A great way to start looking for New Jersey medical practice insurance lawyers is to search locally in your area for which law offices provide counsel for patients and or doctors seeking legal advice. Many law firms have specialized branches within their firms to focus on specific issues such as medical malpractice. Its important you find a lawyer who has experience with patients if you are a patient and a lawyer who has experience with defending doctors if you are a doctor seeking counsel.

Once you have a made a list of firms worth doing research on, it is important you find out each firms rates, and then conduct a thorough analysis based off your current financial situation, the type of case, and your current health condition. Once those details are sorted out, you can then make a choice for representation in your NJ medical malpractice insurance lawsuit.

It’s imperative to stay patient during this whole legal process. If a doctor has begun using illegal and dangerous ways to treat their patients a thorough investigation may be conducted. Because medical malpractice lawsuits can cause medical licenses to be revoked every avenue must be exhausted to ensure that each case is of legal matter and that justice be served.

MBS Insurance Services understands the need for proper insurance coverage. We provide medical malpractice insurance to doctors in New Jersey who wish to be sure they’re adequately protected from medical malpractice suits. Call our offices today, and let one of our knowledgeable professionals help you select the perfect coverage for your practice.

Healthcare Professionals Must Be Prepared January 21, 2013

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As a healthcare professional, one of the biggest threats you face on a daily basis is the threat of medical malpractice suits. In recent years the number of these suits has increased, and juries are found to be more and more sympathetic to the plaintiffs due to the struggling economy. Because of this, the settlements that have been awarded recently have set all time high records and more and more doctors and clinics are finding themselves at risk.

MBS Insurance Services provides a safety net for doctors facing medical malpractice charges in New Jersey. Because they are aware that one company’s insurance does not fit every practice’s needs, they offer coverage from several well founded and reliable NJ malpractice insurance providers. With the right insurance for your particular practice, you can fight off a wrongful conviction and a high pay out.

But do not let the name fool you!  MBS Insurance Services doesn’t just offer medical malpractice insurance in New Jersey.  They also offer assistance in many other facets of medical practice. They put forward the help of a healthcare consulting firm whose main business is increasing the profitability of your practice. You will be introduced to an internet based medical billing service which provides an easy and inexpensive way to process patients and insurance claims. They can connect you with a malpractice risk reduction service that tracks every medical test from the time it enters the system to the time the patient receives the results.

Visit http://mbsinsure.com/ and learn more about MBS Insurance Services. Let them help you set up your safety net of New Jersey medical malpractice insurance today!

MBS Offers The Best Medical Malpractice Coverage In New Jersey December 31, 2012

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At MBS Insurance Services, clients are offered quality risk management services geared towards protecting a medical practice in the event of a medical malpractice claim. With over 30 years in the business, MBS Insurance Services works with 16 well-known, and experienced, insurance groups including; Travelers, Pro Assurance and The Hanover Insurance Group. If you’re looking for NJ medical malpractice insurance, the team of professionals at MBS Insurance Services is able to accommodate your individual needs and ensure the proper coverage for your medical practice and employees.

As a healthcare professional, it’s crucial to protect ones practice by implementing medical malpractice insurance. Due to the fact that every medical practice is different, MBS Insurance Services understands that the needs of their clients will vary and is able to adjust to the coverage to help each individual practice. MBS Insurance Services provides NJ medical malpractice insurance, as well as offering services in NY, and PA.

At MBS Insurance Services, their main goal is to protect the future of their clients by ensuring their coverage in case a medical malpractice claim is filed. MBS Insurance Services knows what is required to protect their clients in the event of a medical malpractice claim. Partnering with numerous insurance providers, MBS Insurance Services works diligently to find the coverage that is best suitable for the needs of your individual practice and healthcare employees.

For further details pertaining to MBS Insurance Services, and the many services they provide, please visit: http://mbsinsure.com/. Their knowledgeable team of professionals is eager to assist you with your NJ medical malpractice insurance needs.

Who can benefit from NJ Malpractice Insurance? December 12, 2012

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When it comes to NJ malpractice insurance it is not just doctors who can benefit from the coverage. Leading insurance carriers also offer substantial coverage policies for nurses, optometrists,therapists, diagnostic technicians as well as dentists. While surgeons and obstetricians rank highest as holders of malpractice insurance and with the highest premiums, it is pragmatic for othersin the field to get adequate coverage for themselves too.

Caring for a human life is as much as source of joy as it is a responsibility. Mistakes, though unintentional, may occur for ‘to err is human’ is it not? But would you allow that one mistake to ruin your entire future or would you like to be prepared for any eventuality and arm yourself with adequate protection. The choice is yours, but once you have decided to purchase NJ malpractice insurancemake sure you take your time and choose an insurance service provider who has in-depth knowledge of the profession you are, your specialty, and the relevant duties and functions so that they have a fair prior idea of how things work and what could go wrong.

Apart from professionals themselves, hospitals, clinics, diagnostic laboratories and these days even wellness centers have begun to equip themselves with NJ malpractice insurance as added financial security for their business. Medical schools which involve hand on clinical training purchase this insurance to protect the school, their faculty as well as practicing student doctors. Depending upon the nature of the insurance and the various characteristic of the insured’s profession a policy value can go up to several million dollars.