As you prepare to graduate from Residency Training, there are multiple routes you could choose to take, whether it be employment with a health system, private practice, or owning your own practice, etc. As you are aware of, malpractice insurance is a necessity. If you work for a health system, they will likely take care of this necessity for you. However, other routes of employment and/or self-employment will require you to obtain this professional liability coverage on your own.
There is a lot to explore before committing to coverage, and it is imperative to work with a licensed insurance agent that is invested in your best interest. Mike Shay is a licensed insurance agent with Steinmiller Insurance, located in Rochester, New York. In this video, listen in as Missy Marsocci, President of Cornerstone Healthcare Consulting talks with Mike about how to be sure you have the right malpractice coverage, whether you are employed or an employer.
Beyond malpractice, Mike provides an overview of the business insurance you will need if you decide to own your own practice. And, if not a practice owner, he outlines his thoughts on what is needed in additional coverage beyond malpractice, to truly ensure you are fully protected. While it may sound like he is just trying to sell more insurance, Mike follows up with saying that a simple umbrella coverage, providing a layer of protection over your home, personal assets, and car, could cost as little as $200 per year, while gaining $1,000,000 in additional liability protection.
Mike Shay of Steinmiller Insurance is a trusted contact we at Cornerstone call on frequently. He has been a great asset to multiple clients of ours, and as he states in the video, looks to come in from a consultative approach, identifying opportunities to benefit the client, while providing them the best coverage for their individual needs. In need of an insurance check-up? Don’t hesitate to call Steinmiller Insurance today, at 585-671-5660. Website – https://www.steinmillerins.com
