Directors and Officers Liability Insurance Issues for Physicians

PHYSICIAN AND HEALTHCARE EXECUTIVE LIABILITY

A commonly overlooked area of risk management in physician’s business and asset-protection planning is the need for “Directors and Officers” coverage, commonly referred to as D&O insurance.   In previous articles we have covered a variety of essential life, disability and liability insurance strategies, always the first line of defense. This week we examine the […]

HIPAA EXPOSURE GETS EVEN MORE ONEROUS – Medical Practice

BUSINESS AND MEDICAL PRACTICE OWNER LAIBILITY

As we’ve discussed in several previous articles, insurance that covers corporate and executive liabilities in an essential first line of defense, including Data Breach or Cyber Liability Coverage for doctors. This coverage grew even more important on Jan 25, 2013 as DHS provided additional rules and liability for medical practices which go into effect on March […]

10 Survival Tips on Asset Protection for Real Estate Investors & Owners

ASSET PROTECTION - REAL ESTATE

  Real estate management issues fall into several basic categories: debt, liability, and loss. We provide an introduction to these issues to help you get your house in order below. As many business owners and physicians also have investment in real estate outside their business itself, I’ve included issues of wide applicably. Debt The nature of […]

Addressing Employee Liability Issues at Your Medical Practice or Business – 12 Month Practice Tune-up

12 Month Medical Practice Makeover

January 08, 2013 | Finance, Risk Management, Law & Malpractice, Staff By Ike Devji, JD Happy New Year and thanks for continuing into 2013 with us. In one of my last columns of 2012, I suggested that many of the complex issues we discussed together over the last few years in this forum can seem […]

Fatal Flaws in Doctors’ Asset Protection Planning

BUSINESS AND MEDICAL PRACTICE OWNER LAIBILITY

During my practice with a client base of thousands of doctors I have seen the best and the worst of asset protection planning available to the American public as well as the most common flaws evident in both self-directed planning and plans executed by “professionals” who do not practice primarily in this area. Below is […]

This Doctor’s Love Affair Became Malpractice

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A doctor gets a six figure award against him unanimously upheld by an appeals court. We can protect you against lots of things, but your own actions are sometimes our greatest challenge. See the whole story as reported on medline here: This Doctor’s Love Affair Became Malpractice http://www.medscape.com/viewarticle/775952?src=nl_topic

Is a Captive Insurance Company a Fit for Your Business or Medical Practice?

BUSINESS AND MEDICAL PRACTICE OWNER LAIBILITY

In our two previous discussions we introduced the general concept of a captive insurance company (captive) as well as specific qualifying questions to help doctors pick a good captive administrator. This week we examine some key issues that can help determine if your specific medical practice is at the point where a captive may create […]

Start-Ups: When Does Liability for Your Business or Medical Practice Begin? – Asset Protection

BUSINESS AND MEDICAL PRACTICE OWNER LAIBILITY

The many discussions we have shared here have largely centered on asset protection and other legal and financial issues faced by physicians and business owners. The bulk of those discussions assumed that you own or run a business or medical practice. Due to the growing availability of financial and legal education resources available to business owners, […]

The Physician’s (and Business Owner’s) Simple Asset Protection Self-Exam

ASSET PROTECTION

Several readers have contacted me with a similar question after reading many of the discussions featured here. Though phrased in different ways, the question is essentially this: How can I quickly figure out what I have exposed at any given time? I’ve provided a simple start to answering this question for you below. It will […]

Asset Protection for Medical Practice Receivables

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A common recurring question I get from high-income practice owners and executives centers on the best techniques to protect a medical practice’s income after the individual physicians’ personal assets are well secured. The marketing for these strategies peaks around tax time and at year end when promoters are aware that doctors are especially sensitive to […]