Sruhad has been a member of the Alera HPL team since 2011, joining through Flagship Healthcare. Having worked with hundreds of medical practices over the years, he excels in providing insurance solutions for all types of practices. Taking the time to understand the needs of the practices he works with, he draws upon his vast experience to provide affordable coverage options. Sruhad is licensed and active in over 20 states and is an expert in the various state regulations that impact medical professional liability coverage options. Sruhad studied Finance at the University of Illinois at Chicago.
In this episode, Carl White and Sruhad Patel discuss:
- Broadening your options when choosing medical malpractice insurance
- Before you renew your policy
- A common misconception that many miss
- How negotiating directly is counterintuitive
Key Takeaways:
- Medical malpractice insurance doesn’t have to be a burdensome thing to pay, there are a lot of options out there that might give you a better deal.
- Check out the competing carriers every time you go through a renewal. Even better, get a broker or agent’s opinion on it.
- There’s a misconception that going directly to an insurance company is going to get people a lower price. You actually have to pay the same price, only it will take a lot of time for you to seek out each carrier and it will take a lot of research if you don’t have any knowledge in insurance.
- Negotiating with the insurance company directly would be counterintuitive. Yes you can take the time and the effort to seek out your own policy, but be warned of what you’re getting yourself into in these contractual agreements.
“As a practice or physician, make sure you shop it. Just like any other policy or commodity that you have. You have to make sure that you have the best pricing available.” – Sruhad Patel
Connect with Sruhad Patel :
Email: Sruhad.Patel@AleraGroup.com
LinkedIn: https://www.linkedin.com/in/sruhad-patel-27586b3/
Email: hcl.aleragroup.com
Contact: 312-888-9248 x5278 | 847-754-5337
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Connect with Carl White:
Website: http://www.marketvisorygroup.com
Email: whitec@marketvisorygroup.com
Facebook: https://www.facebook.com/marketvisorygroup
YouTube: https://www.youtube.com/channel/UCD9BLCu_i2ezBj1ktUHVmig