Sometimes prospective new clients, who are approaching their medical malpractice insurance expiration date, find it easier to just take the rubber stamp approach and renew the same old insurance policy for the new year. After all, everyone is busy and this “rubber stamp renewal” approach might seem a good way to save time. But, as in the poem below by Robert Frost, maybe it would be better to take the road less traveled?
Why Perform a Policy Comparison?
Each year, physicians will either obtain new medical malpractice insurance coverage or renew their current policy. Sometimes it can be an easy renewal of the current coverage when a doctor is placed with a financially stable company that provides excellent coverage and pricing. Other times, however, physicians need to evaluate their current practice and review a policy comparison so they can be sure they purchase the right coverage at the right premium for their needs.