800-223-9826

Medical Malpractice Insurance in Columbia and Boonville MO

As a healthcare provider, you've spent your life working to help others—but if you make a mistake, you could end up facing a medical malpractice lawsuit. With the average jury award just under $800,000, medical malpractice insurance could be the only thing standing between you and having to close down your entire practice.

However, these cases can be difficult to resolve. As noted by the National Association of Insurance Commissioners, quite a lot of funding goes into investigating claims and determining whether or not malpractice occurred. If it didn't, then patients often have no basis for a lawsuit.

If a patient does have a basis for a claim, Vogel-Stuart Insurance Group agents will work with you throughout the defense process to help cover losses in the event you're found liable for malpractice. Remember, there are no forms of medicine that are immune to malpractice suits. Whether you're a general practitioner or a dedicated specialist, there's always the chance of something going wrong, and more frequently, patients believing you did something wrong.

 

Medical Malpractice Coverage

Medical malpractice policies cover liability associated with any form of wrongful practice (intentional or not), with a particular emphasis on bodily injury, property damage, and medical expenses. They also cover defending against lawsuits related to these (many of which can take more than a year to reach a successful conclusion).

There are two major types of coverage:

·         Occurrence policies cover against losses that happen during the period that a policy was in force, since many people may not file suit for more than a year after the alleged malpractice incident. Once the suit is filed, it may take more than two years to resolve.

·         Claims Made policies cover any claims that are made during the time the policy is in force (and usually for a set period of time afterward, in the case of ongoing litigation).

A majority of malpractice cases can and will be settled out of court, without ever having to risk the high claims of a trial. Vogel-Stuart Insurance Group agents try to work towards this outcome whenever they can—settlements rarely happen until late in the process, but they allow for lower payouts when necessary. This helps us keep your premiums low, and protects you from the anxiety (and interruption of your business) that a trial can bring.

Be sure you know which type of medical malpractice insurance you have and how long it covers you for, since this can determine whether or not you have any coverage at all if a suit is brought against you. If you're not sure how long you'll need coverage for, one of our agents can talk with you about your plans for the future and how much insurance you need.

1. Goguen, David. "National Medical Malpractice Statistics." MedicalMalpractice.com. Accessed April 20, 2016. http://www.medicalmalpractice.com/national-medical-malpractice-facts.cfm.

2. "Medical Professional Liability Insurance." Accessed April 20, 2016. http://www.naic.org/cipr_topics/topic_med_mal.htm.

3. "What Percentage Of Medical Malpractice Cases Settle Versus Go To Trial." Lawyer Locator. Accessed April 20, 2016. http://www.lawyerlocator.com/medical-malpractice/percentage-of-cases-settled-versus-trial/.

Vogel-Stuart Insurance Group

29 N 10th Street

Columbia, MO 65201

Main office: 573-449-5395
Toll free: 800-223-9826
Fax: 573-443-4321

Office Hours:

Mon: 8:30 AM - 5:00 PM
Tues: 8:30 AM - 5:00 PM
Wed: 8:30 AM - 5:00 PM
Thurs: 8:30 AM - 5:00 PM
Fri: 8:30 AM - 5:00 PM
Sat: Closed
Sun: Closed

Our Providers

Testimonials

"I never thought about moving my coverage anywhere else. I had been with AA for 30 years. Vogel-Stuart shopped me out and saved me $250 over what I was paying same coverage. They are great to work with. I can call and make any changes over the phone since I am hour away. They always answer the phone like I am their favorite client. I would recommend them to anyone, even if you aren’t looking for new agency. Give Vogel-Stuart a try. They surprised me!"
Patty B from California, MO
"I just moved my personal auto policy to Vogel-Stuart in April after shopping around for the best price. They were able to save me a lot of money compared to the other quotes I received. I am currently working on starting my own lawn care and snow removal business and they were quick to get my quote to me and very reasonable for just starting out. I would highly recommend Vogel-Stuart to anyone looking for personal or commercial insurance; they have been very good to me!"
Kellan F from Jamestown, MO
"I have been with Stuart Insurance Agency since 2006. I own Wren’s Home Improvements and when Stuart Insurance Agency took over in November, the transition was smooth and seamless. The new faces in the office have picked up where John and Ann left off. They recently saved me around $300 on my personal auto policy. I would highly recommend Vogel-Stuart to anyone looking for business or personal insurance. "
Charles Wren, Wren’s Home Improvements from Columbia, MO