Why do Malpractice Insurance Policies Get Non-Renewed?

Receiving a letter of non-renewal from your malpractice insurance company can be incredibly stressful and frustrating. And often it comes out of nowhere. So why do malpractice policies get non-renewed? What factors does an underwriter consider when determining whether or not to keep a risk on the books?

In today’s episode we’re going to give you the 6 reasons why a malpractice insurance policy may get non-renewed, what you can do to avoid it, and what steps you should take immediately after receiving a non-renewal notice so that you can ensure your coverage for the years to come.

0:00 Intro
1:25 What does the non-renewal process look like?
3:55 Reason 1 - Claim activity
5:54 Reason 2 - Increased risk exposure
7:38 Reason 3 - Consistent late payment
9:00 Reason 4 - Licensure issues or board action
10:05 Reason 5 - Fraud
10:50 Reason 6 - Carrier is exiting the market
12:05 What to do after receiving a non-renewal notification
13:49 Let Aegis help!

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