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Do You Practice Medicine? Don’t Fall for These Myths About “Going Bare”

Because we live in a fairly litigious society, healthcare providers need to shield themselves from medical malpractice claims. That doesn’t mean, however, that they have to invest in exorbitantly expensive malpractice insurance.

If you work in the field, carrying enough insurance to protect yourself in all eventualities can be both costly and impractical. Thankfully, Florida allows practitioners to “go bare,” which essentially means forgoing coverage.

Although dropping your policy could be a sound financial decision, it’s wise to review all that doing so entails before you proceed. Below we have outlined a few of the common myths about going bare:

1. You Must Put Aside at Least $250,000 Before Going Bare 

Providers are not required by law to put aside any cash before they drop their malpractice coverage. In fact, it’s advisable that you don’t as it could expose those assets to seizure in the event of a ruling against you. 

2. You Will Lose Patients If You Go Bare

Most patients won’t drop a provider simply because he or she drops coverage. If anything, going bare shows your commitment to providing quality care because you wouldn’t cancel your policy if you were often at risk of being sued. 

3. Your Professional Reputation Will Be in Jeopardy If You Go Bare

There are thousands of doctors across the state of Florida who do not carry medical malpractice insurance because they have realized the benefits of going bare. In other words, dropping coverage is not something to be ashamed of, nor is it something that will hurt your credibility in the field.

4. You Cannot Work in Major Medical Facilities Without Adequate Liability Coverage 

Many doctors who work for someone else—or have their own practice but treat patients at a larger facility as needed—assume they cannot drop their liability coverage. While some hospitals will not allow their staff members or providers with privileges to go bare, this is not always the case.

If you ever perform procedures anywhere but in your own office, it’s important to review the by-laws of the other facilities where you see patients before dropping your malpractice insurance. A seasoned attorney will be happy to review the terms of your contract with each hospital or clinic to determine precisely what your financial responsibility obligations are. 

Speak with a Florida Medical Malpractice Defense Attorney Today

If you’re considering going bare, turn to Lubell Rosen, LLC for prepaid legal representation. Our seasoned team will help you prepare all necessary documents, including proof of financial responsibility, so you can continue practicing with total compliance.

If you ever do end up facing a medical malpractice claim, we will provide comprehensive legal defense. Call (954) 880-9500 or use our Online Contact Form to set up a consultation with a medical malpractice defense lawyer in Florida.

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