While physicians make infrequent medical errors, even the allegation of such errors can make the stakes much higher. Malpractice insurance protects locum tenens providers from the financial impact of these mistakes. It’s important to have appropriate coverage so you can do your work without worrying.
You’re covered even for two-day assignments
MJ: Weatherby Healthcare provides physicians appropriate malpractice insurance when they begin an assignment because some individual physician policies specifically exclude locum tenens contracts. Additionally, many physicians are unaware of the insurance requirements in each of their locum tenens practice settings.
Some locum tenens companies purchase limited-term individual policies for each physician on assignment. In Weatherby’s case, we purchase a master policy with a top-rated insurance company and add physicians to that coverage specifically corresponding to their assignments. We can add and remove physicians at our discretion and according to specific needs.
If physicians work two days for us and then leave, we can add them to the policy for those two-day periods. This creates significant flexibility.
Additionally, we put our assets behind that program so that we’re directly paying to defend and indemnify the physician, rather than turning it over to insurance company personnel who may not fully understand or appreciate the nuances of locum tenens practice.
You’re provided claims-made malpractice insurance coverage
MJ: Weatherby Healthcare provides continuous claims-made malpractice coverage or commits to purchase “tail coverage.” This assures coverage for claims that are made outside of the policy term. Tail coverage is part of Weatherby Healthcare’s master plan, not administered on an individual physician basis.
You are insured up to $1 million for medical errors
MJ: Weatherby Healthcare’s master policy provides up to $1 million per occurrence and up to $3 million in annual aggregates. That coverage is placed on a claims-made basis.
You’re eligible for malpractice coverage when you begin working with Weatherby Healthcare
MJ: A physician doesn’t have to fill out a separate application to get malpractice insurance. The application to work with Weatherby Healthcare is his or her insurance application. Once Weatherby accepts the application, that binds our insurance coverage. We’re virtually the only staffing company that can make that commitment.
You have few requirements for maintaining malpractice coverage
MJ: Once physicians meet Weatherby’s [credentialing and licensing] criteria, the only thing they have to do is maintain their medical licenses. They must also notify us as soon as possible of any event that results in an adverse patient outcome.