The cost of doing business is increasing steadily within the health care industry. However, there are affordable options for malpractice insurance in Colorado with the right company. Doctors' Insurance Agency is available to help you protect yourself with the right coverage at cost-effective rates. With over 30 years in the business, we are very knowledgeable about current market conditions, state regulations, and policy details, so that we get the best coverage for you. Most physicians malpractice insurance is regulated by the states to ensure it is not unfair, unreasonable, or insufficient. There is much uncertainty in estimating policy rates because it can take four to five years to resolve a claim. Accurately estimating claims and liability is difficult at best when claims have not been filed or resolved.
Many insurers may increase or decrease liability rates according to market conditions. It is best to avoid physicians malpractice insurance that sets premiums according to investment income. Typically, insurance carriers invest premiums in very conservative allocations such as bonds, stocks, cash, and other investments. Even conservative investments are vulnerable to swings and downturns in the market. Since 2000, there have not been favorable returns in the marketplace and profits have decreased causing portfolio losses and increases in malpractice insurance premiums. When the stock market declines, this is called a bear market and carriers must pass along this decline in revenue with hard market policy increases. During bull markets when profits are bigger, premiums decrease because companies can make up the difference with portfolio growth. When purchasing insurance for small business, it is better to stay away from carriers using the stock market to set insurance rates. Doctors' Insurance Agency tries to avoid these sorts of insurers in an effort to keep your premium as stable as possible without unforeseen and unpredictable increases.
Let Doctors' Insurance Agency customize policy coverage for your specific needs. Insurance for small business and clinics is what we do best with outstanding customer service and attention to detail, so that you get the coverage you need at an affordable rate. Not only do we carry malpractice insurance, but we also provide business health insurance for the medical community with workers compensation, group health, life, and directors insurance. If you are looking for malpractice insurance in Colorado, then you have come to the right place. Our policies allow the doctor consent to settle, so you will not be forced into an unfavorable decision dictated by other companies' policies. Call us today to discuss your needs.