Surplus lines policies also have an additional premium fee that varies from state to state. The limits of liability are the maximum amount the company will pay for each claim and for the year. Deductible Ask if there is a deductible that you must pay. The smaller the deductible, the less you will have to pay. Defense Costs Find out whether the defense cost is in addition to or included in the policy limits.
Some companies offer additional coverage for defense costs.
Some forms require that your patients agree to binding arbitration in the event of a dispute, which you may not wish. Some practitioners find the wording of the consent form frightening to patients. Consider this carefully. You could find that a company has agreed to pay a claim that you consider frivolous simply because it would cost more to litigate it than settle it - and you then have a record of a malpractice suit. Changing the Underwriter Check to see if the company changes the underwriter of the policy in a continual search for the lowest rates.