Whether you’re a self-employed midwife or you work for a facility or physician’s office, getting adequate insurance coverage can be an uphill battle; finding your own professional liability insurance policy is essential for protecting your own financial future and that of your business. But navigating all of the different varieties of insurance, especially medical insurance, can be overly complicated and take up more time than it should. Here are some factors you should keep in mind when searching for professional liability insurance coverage to help filter your choices and leave you with the best possible plan and insurance company for your business.

 

Check the company’s rating. A.M. Best Co. is a rating organization that sets the standard for insurance providers. If you have your eye on a specific company, check out their ratings to receive a quick confirmation of their financial reliability and proven capability of paying out claims.

What is the company’s experience? Midwifery is a very specific subset of the medical industry and has a specific set of liabilities that are unique to the services that you provide. One way to ensure that your insurance policy and the company providing it are well-suited for your business and your peace of mind is to know how many years they have been insuring midwives and how many midwives the company is insuring. If a given insurance company is covering a number of midwives and has done so for a number of years, that means they have adequate experience to help you face the unique challenges end claims of your business.

 

Finding your own professional liability insurance plan is a critical business decision for protecting your financial future. If you’d like to learn more about why Evolution Insurance Brokers is a preferred provider for midwives, please contact us here. We’re happy to help you find the right elements of coverage for your business’s array of services, coverage requirements, and insurance concerns.