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We specialize in providing physicians with cost-effective medical malpractice insurance coverage that they need. We can offer more carriers, top of the line service and the most cost-effective rates, no matter what your specialty is.
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Washington Medical Malpractice Insurance information
Most physicians work long and irregular hours. It has been reported that 43% of all physicians work in excess of 50 hours per week. With all of this time devoted to patient care and practice development, physicians benefit greatly from relying on the expertise of an Insurance Agent specialized in the area of Medical Malpractice Insurance.
It is difficult for physicians to remain knowledgeable about the ever-changing landscape of Malpractice Insurance coverage, law, and carrier options. Diederich Healthcare specializes in Medical Malpractice Insurance and we understand the need for a trusted “partner” who can assist physicians in selecting the right Medical Malpractice Insurance protection for their practice.
Diederich Healthcare’s network of over 200 contracted insurance affiliates assures our physician clients greater portability, market accessibility, and effective consultation. We provide consultation on coverage options from the major carriers offering Professional Liability Insurance to physicians throughout the United States. We will provide malpractice insurance quotes from several carriers and make recommendations on coverage that best fits the physician’s particular needs at the most cost effective premium.
Diederich Healthcare reviews each account and policy prior to each policy renewal, and more frequently based on market/situational changes, to determine options for renewal coverage. These options are then presented to the physician with our recommendation prior to renewal in order to avert last-minute decision making.
Medical Malpractice Coverage also available for:
- Medical Groups
- Medi-Spa Facilities and Procedures
- Weight Loss Procedures
- Ancillary Healthcare Professionals
- Physician Assistants
- Nurse Practitioners
- Surgical Assistants
Washington Medical Malpractice Insurance Market Summary
Washington medical malpractice insurance is overseen by the Washington State Office of the Insurance Commissioner. Legislature enacted comprehensive health care liability reform legislation (2SHB 2292) in 2006 to oversee availability and cost of medical malpractice insurance. Physicians have continued to see a decrease in medical malpractice insurance premiums for 2010. Following the peak of the professional medical liability insurance market in 2004, medical malpractice insurance rates had continued to decrease into the 2010 calendar year.
As of 2011’s 3rd Quarter, one of the nation’s LARGEST medical malpractice insurance carriers has entered the state of Washington. This medical malpractice insurance carrier is admitted to provide coverage for Washington physicians and is approved by Washington State Office of the Insurance Commissioner (OIC). There is now an additional option for obtaining comprehensive coverage at an extremely competitive annual premium. Rates are dropping. Have you shopped your coverage for your upcoming medical malpractice insurance renewal?
Washington Medical Malpractice Insurance Carriers
Medical malpractice insurance coverage in Washington is available from admitted insurers, surplus lines insurers, and risk retention groups. The number of companies offering medical malpractice insurance in Washington has increased over the past few years. The market is currently dominated by one carrier writing over 50% of all direct written medical malpractice insurance premium. Three additional carriers makeup an additional 33% of the market-share and the remaining 17% of direct written premium is broken up over the remaining Washington admitted carriers.
Statute of Limitations
A medical malpractice action must be brought within three years of the act or omission alleged to have caused the injury or one year after the discovery of the alleged negligent act or omission, whichever period expires later. Wash. Rev. Code Ann. § 4.16.350 (West Supp. 1997). In no event may a medical malpractice action be brought later than eight years after the date of the alleged act or omission. The limitations period is tolled upon proof of fraud, intentional concealment, or the presence of a foreign object in the claimant.
Washington has adopted pure doctrine of comparative negligence in tort cases, so that a claimant’s award is diminished in proportion to the claimant’s fault, but the claimant’s fault, no matter how great, will not act as a complete bar to recovery. Wash. Rev. Code Ann. § 4.22.005 (West 1988).
The Supreme Court of Washington has held that the statutory cap on non-economic damages established by Wash. Rev. Code Ann. § 4.56.250 (West 1988) is an unconstitutional infringement of the right to trial by jury. Sofie v. Fireboard Corp., 112 Wash. 2d 636, 771 P.2d 711 (1989).
Washington recognizes the doctrine of ostensible agency as regards claims against hospitals and independent physicians. If a hospital acts or fails to act in some way which leads the patient to reasonably believe the physician is a hospital employee, the physician is deemed an ostensible agent of the hospital. Adamski v. Tacoma General Hospital, 20 Wash. App. 98, 579 P.2d 970 (1978).
Diederich Healthcare is able to offer medical malpractice insurance to the following counties in Washington:
Adams, Asotin, Benton, Chelan, Clallam, Clark, Columbia, Cowlitz, Douglas, Ferry, Franklin, Garfield, Grant, Grays Harbor, Island, Jefferson, King, Kitsap, Kittitas, Klickitat, Lewis, Lincoln, Mason, Okanogan, Pacific, Pend Oreille, Pierce, San Juan, Skagit, Skamania, Snohomish, Spokane, Stevens, Thurston, Wahkiakum, Walla Walla, Whatcom, Whitman, Yakima
All Specialties save on Medical Malpractice Insurance with Diederich Healthcare
- On average, Physician clients that switch to Diederich Healthcare save 46% on their medical malpractice insurance.
- We compare the major companies for your specialty in order to recommend the best coverage at the lowest premium for your practice.
- Our access to multiple carriers in each state allows us to offer many practice discount programs…
- New Doctor Discount
- Part-Time Discount
- Board Certification Discount (ABFM)
- Claims Free Credit
- Risk Management Credit
- No need to purchase Tail Coverage when changing to Diederich Healthcare with Prior Acts Coverage Included.
Med Mal Insurance Coverage in Washington
- AM Best “A-Rated” Coverage at Affordable Rates
- Coverage options for all Medical Specialties, Groups and Healthcare Facilities
- Compare Premiums and Choose Malpractice Coverage that best suits your needs
- Maximum Discounts available to physicians in Washington
- Guidance regarding Risk Management at your practice
- Access to “Specialty Lines” of Insurance for your Unique Practice needs
- Easily Transfer Your Malpractice Insurance at any time
Providing cost-effective Medical Professional Liability Insurance to Healthcare Providers located in Washington…
Get your FREE QUOTES now…compare multiple companies providing Malpractice Insurance to physicians in Washington. (including AM Best A-Rated carriers)
Covering all Physician Specialties, including Groups and Facilities in Washington, and all Types of Procedures…
Your “one-stop-shop” to obtaining affordable coverage to meet your needs. Representing a large number of quality insurance companies; giving you the confidence of having an advocate in your corner who has already “shopped” the marketplace for the best Malpractice Insurance Value available in Washington.
Accessing all Discounts available to each Physician’s Medical Practice…
Multiple Physician/Group Discounts, Medical Board Certification Discounts, Claims Free Discounts, Practice Longevity Discounts, Risk Management Discounts, Part-Time and New Practitioner Discounts.
Guiding Medical Practitioners toward improved Risk Management…
Ask about FREE access to Risk Management assessments and training for your practice. Offering access to Insurance for physicians and Risks/Procedures that are more difficult to cover…
Obtain coverage options for High Risk physicians and/or Procedures and Specialty Practices such as:
- Medi-Spas (including Botox/Fillers)
- Weight Loss/Weight Management (including HCG and Bariatric Surgery)
- Others available upon request