It’s important to have a medical malpractice insurance broker with multiple carrier options.
Each year upon renewal we analyze the medical malpractice insurance market and provide our clients with quotes from multiple insurance carriers. As the market changes, your current carrier’s rates may change. Depending on your specialty, what was a competitive premium today, may not be competitive premium tomorrow.
Your specific situation requires specific needs. You should understand the strengths and weaknesses of all the insurance carriers in your market, and have someone speak to the carriers on your behalf. To use a good analogy, if your new car dealership knew you weren’t going to look at competitors prices, would they have any incentive to provide you with a lower price?