1Q. I chose the following two professional medical insurance companies in Florida that provide malpractice insurance: Danna-Gracey Inc. and OROS Risk Solutions LLC. The headquarters of Danna-Gracey Inc. is located in Delray Beach, FL with other offices located in Jacksonville, Miami, Orlando and Pensacola. The services that are related to malpractice insurance are medical professional liability, allied health professional liability, healthcare facilities professional liability and vicarious liability. The company offers higher limits on malpractice coverage up to $ 3 Million or more upon a request, regulatory and investigatory coverage, and employment practices liability, cyber liability protection coverage and medical directorship coverage. The headquarters of OROS Risk Solution LLC is located in Orlando, FL. The law office offers the following services related to medical malpractice insurance: medical professional liability insurance, hospital professional liability insurance, fiduciary liability insurance, provider excess liability insurance, cyber liability …show more content…
Tort reform covers laws approved by each state that define restrictions on the total compensation that can be granted in particular injury lawsuits. Tort reform is targeting the following major areas, which help reduce large malpractice awards: damage awards, legal expenses and restrictive statutes of limitation. Most states enlist a limit on the amount of compensations a patient can claim and have policies that decrease the reimbursements the doctor has to pay to the patient by the sum that individual receives for the third payer. States put a limit on the amount lawyers can collect as a percentage from the amount the patient wins. In case the plaintiff loses the case lawyers do not get anything. Restricting statutes of limitation set bounds on the time frame a petitioner has in order to file a claim. A state obliges all claims to be filed no more than four to seven years after injury