Finance

FINANCIAL RESPONSIBILITY

Florida physicians must demonstrate the ability to pay medical malpractice claims and costs in order to maintain an active license to practice medicine. Florida Statute - 458.320 Financial responsibility provides doctors with options beyond paying for traditional medical malpractice insurance.

The Law allows physicians to use an escrow instead of costly malpractice insurance. Escrow physicians are not "Bare" and are not required to put up the infamous "lack of insurance" sign.

"...I was seriously thinking about retiring because of all the stress caused by rising malpractice premiums.With the implementation of the Escrow Account, I am able to continue my practice on my terms."
-- Aurea Tomeski, M.D. - Boca Raton, Fl.

 

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