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Beyond the malpractice basics: Occurence, claims-made and tail insurance explained
Jennifer Wiggins, CPCU, RPLU, shared insights to help physicians navigate malpractice insurance and secure adequate protection against potential legal risks.
Medical malpractice insurance is a critical safeguard for physicians and other health care professionals, protecting them from the financial and reputational risks of malpractice claims. According to a 2024 report from the National Practitioner Data Bank, malpractice claim payouts in the United States reached $4.5 billion in 2023, with a 4.5% increase in the number of claims compared with the previous year.
These figures underscore the growing risks health care professionals face, highlighting the importance of understanding the intricacies of their insurance policies. Being well informed about policy types and coverage options is essential for making sound decisions that ensure both protection and financial security in the face of potential legal challenges.
Jennifer Wiggins, CPCU, RPLU, CEO and founder of Aegis Malpractice Solutions, shared insights during a recent Medical Economics Practice Academy program to help physicians navigate malpractice insurance and secure adequate protection against potential legal risks.
About the presenter
Jennifer Wiggins, CEO and Founder
Aegis Malpractice Solutions
Jennifer Wiggins is the CEO and Founder of Aegis Malpractice Solutions, an independent brokerage specializing in medical malpractice insurance. With over 20 years of industry experience, Jennifer helps physicians navigate the complexities of malpractice coverage, ensuring they are protected while optimizing costs. She is a trusted educator and speaker, regularly presenting to medical associations, residency and fellowship programs, and physician groups on key malpractice insurance considerations, including policy selection, risk management, and long-term financial planning. Jennifer is also the host of Malpractice Insights, a podcast produced by Aegis Malpractice Solutions that provides physicians with clear, concise explanations of malpractice insurance fundamentals. Each weekly, 10-minute episode delivers practical guidance to help doctors understand their coverage options, avoid common pitfalls, and make informed decisions. Jennifer and her team provide expert guidance and tailored solutions, empowering physicians to protect their careers and financial well-being with confidence.
