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8 Types of Insurance Needed for Aesthetic Clinics

June 19, 2024June 18, 2024 Nordstrom

Running an aesthetic clinic involves more than just offering beauty treatments and cosmetic procedures. It requires a significant amount of planning, investment, and risk management. One critical aspect of managing these risks is securing the right insurance coverage. Proper insurance not only protects the clinic from financial losses but also enhances its credibility and trustworthiness among clients. Here, we explore the various types of insurance needed for aesthetic clinics to ensure smooth and secure operations. Professional Liability Insurance Professional liability insurance, also known as malpractice insurance, is perhaps the most…

5 Reasons to Review your Medical Malpractice Insurance

March 24, 2013April 21, 2014 Guest Author

Medical Malpractice Insurance – Remember to Review Before You Renew! Few physicians, if any, would argue that it’s important to ensure no lapse in your medical malpractice insurance coverage. Too many, though, fail to put as much attention where it’s desperately needed – when it’s time to renew their policy. A thorough review of the proposed coverage is essential, whenever your policy is due for renewal. Premiums and levels of coverage can change, sometimes in your favor, sometimes not. There are many factors that can affect the level of protection…

Medical malpractice insurance premiums to rise in Missouri

August 14, 2012July 21, 2020 Nordstrom

State Supreme Court rules insurance caps unconstitutional Medical malpractice insurance premiums are expected to shoot up in Missouri after the state’s Supreme Court has declared a longstanding cap on the premiums unconstitutional. In 2004, Missouri legislators placed a cap on medical malpractice insurance premiums. Since then, premiums have dropped by 28%. The cap also lowered a cap concerning non-economic damages in malpractice cases, making it more difficult for consumers and insurance companies to recover funds that may be vital in the attainment of additional care. Cap had limited medical malpractice…

Hiscox report shows that “super losses” are becoming more common in the U.S.

March 14, 2012March 14, 2012 Marc

A new report from Hiscox, a specialist health insurance company in the U.S., shows that so called “super losses” are having an impact on the country’s health insurance industry. Super losses is a term that refers to claims that exceed $50 million. The report notes that these costly claims are becoming more common in the health care sector. Because these claims hold such a large price tag, they often find their way to courts. Juries often side with consumers in these cases and in the past two years have awarded…

Doctors save $19 million in malpractice insurance due to insurance rate regulation

March 13, 2012March 13, 2012 Julie Campbell

The California Department of Insurance has revealed that there has been a total savings of approximately $19 million on the medical malpractice insurance premiums of medical care providers such as doctors and dentists, as the result of the rate regulation authority approval in that state geared toward reducing unjustified premiums. Equally, though, Consumer Watchdog Campaign has pointed out that the same protection for patients is being opposed by a doctors’ group. The Consumer Watchdog Campaign has been questioning the undisclosed links to the insurance industry of the leaders of the…