As Ohio physicians continue to search for ways to reduce the burden of medical malpractice insurance, for many, risk management is a fundamental component of this effort. Since the number of claims filed and the amount spent to defend and pay claims contributes to a large degree when determining the premium charged, reducing the likelihood of the claim occurring is a logical focus.
In today's malpractice market, many insurance companies offer risk management seminars or on-line classes to help physicians reduce their risk of experiencing a claim. Of course, the time spent attending these seminars means time out of the office and away from patients. So, in addition to the intrinsic value of acquiring the knowledge to potentially eliminate a claim being filed against you, many insurance companies are taking it one step further by offering additional discounts to physicians that make the commitment to risk management and attend the seminars.
Example. One Ohio malpractice insurer provides up to a 5% discount on your annual malpractice premium for attending a risk management seminar.
Tip. Ask your agent about available discounts. Many times, agents and insurance companies do a poor job of advertising these discounts.
To learn more about your insurance protection, contact one of our licensed advisors. We're here to help!