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CEO Max Schloemann in White Coat Investor: How to Budget for Tail Insurance in Retirement

2025-03-26T10:55:37+00:00

In the guest post, “Planning to Retire? Exit Strategies for Physician Private Practice,” Craig Toberman, CFA, CPA, CFP®, Partner at Toberman Becker Wealth, outlines key financial strategies for physician owners. Schloemann, an experienced medical malpractice broker and founder of SURGPLI, contributed expert insights throughout the article, emphasizing that tail insurance—an often-overlooked but essential expense—can be one of physicians’ most significant costs when leaving practice.

What is Tail Insurance?

Tail insurance protects physicians against medical malpractice claims filed after their policy expires. It covers incidents that occurred while they were actively insured. Without it, doctors could face financially devastating lawsuits long after they retire.

Why Does Tail Insurance Matter In Retirement Planning?

One of the biggest surprises for retiring physicians is the steep cost of tail coverage. Schloemann warns that this coverage typically costs 200% or more of an annual premium, often requiring a one-time, six-figure payment. This expense can create significant financial strain when physicians seek to secure their future without proper planning.

The Benefits of an Experienced Medical Malpractice Broker

Planning early with a specialized broker ensures the best coverage at the best price. Failing to budget for tail insurance can create unexpected financial burdens for retiring physicians.

Partner with a specialized broker to secure the right coverage at the best possible rate. Schedule your free consultation, email info@SURGPLI.com or call 800-969-1339 to speak with a SURGPLI expert in our Illinois office today.

Contact us for a free evaluation or TAIL INSURANCE quote

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CEO Max Schloemann in White Coat Investor: How to Budget for Tail Insurance in Retirement2025-03-26T10:55:37+00:00

The Impact of Abortion Legislation on OB/GYN Professional Liability Exposure

2025-02-04T20:48:26+00:00

Recent changes in state and federal abortion legislation impact the practice of obstetrics and gynecology (OB/GYN) in the United States, introducing new professional liability challenges for OB/GYNs.

Since the Supreme Court of the U.S. overturned Roe v Wade in 2022, abortion rights are determined on the state level and are no longer protected under federal law. As a result, today’s abortion laws vary significantly across the country.

“As individual states continue to modify abortion legislation, OB/GYN providers may see their risk profiles re-evaluated by insurance companies trying to address the nuances of each state’s restrictions and standards of care for maternal and fetal health,” says Max Schloemann, CEO of SURGPLI, an independent medical malpractice insurance broker specializing in liability coverage for high-risk surgeons.

While some states support open access, others enforce full or partial abortion bans. Many of the more restrictive measures present clinical implications beyond elective procedures, influencing treatment plans for ectopic pregnancies and miscarriages, for instance.

“At the intersection of healthcare and law,” says Max Schloemann, “OB/GYNs face an extremely complex regulatory environment; one that creates pressure to not only deliver safe, compliant patient care, but also to manage the corresponding, and severe, professional liability risks.”

A growing number of patients cross state lines or utilize telemedicine for reproductive healthcare, further complicating liability exposure for OB/GYNs who offer out-of-state consultations or medical abortion prescriptions.

To reduce liability exposure, Max Schloemann advises that “OB/GYNs should carefully review medical malpractice policies to understand exactly what is and is not covered, particularly regarding abortion services, out-of-state practice, and legal defense fees for both civil and criminal charges.”

Given the frequent and unpredictable nature of legislative changes, it is crucial for OB/GYNs to proactively manage their professional liability with an insurance policy that ensures protection, regardless of further regulatory shifts in coming years.

At SURGPLI, we help OB/GYNs get the exact coverage they need from the best available A-rated medical malpractice insurance carrier. We pride ourselves on low rates and sky-high customer service.

Learn more by contacting a SURGPLI broker for a free consultation & quote.

Email info@SURGPLI.com or call 800-969-1339 to speak with someone in our Illinois office.

Malpractice insurance premiums are expected to keep climbing in 2025.

Projected rate increases reflect the substantial risks of surgery and recent escalations in legal defense fees, social inflation, and nuclear payouts.

Contact us for a free evaluation or TAIL INSURANCE quote

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The Impact of Abortion Legislation on OB/GYN Professional Liability Exposure2025-02-04T20:48:26+00:00
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