Insurance Needs of the Private Practitioner

2017 ◽  
pp. 35-48
Author(s):  
Martin G. Tracy ◽  
Jana N. Martin
Keyword(s):  
Risk Management ◽  
Professional Practice ◽  
Management Education ◽  
Insurance Coverage ◽  
Ancillary Services ◽  
Private Practitioner ◽  
Liability Insurance ◽  
Insurance Companies ◽  
Financial Security ◽  
Definition Of

This chapter introduces clinicians to the types of insurance coverage they should procure before they see their first clients. It discusses the concept of negligence in professional practice and summarizes provisions of professional liability insurance (including prior acts coverage), licensure defense coverage, and the business owner’s policy. It explains the availability of ancillary services, such as risk management education and consultation, from some insurance companies. The chapter makes clear that while professional coverage is essential, personal coverage through disability or income protection insurance and life insurance is just as important to the financial security of the clinician. It provides data regarding the often overlooked risk of disability during a clinician’s working years and considers the definition of “disability” in various policies. It points out that an office overhead policy can ensure that the clinician’s office expenses are paid if the clinician becomes disabled.

INSURANCE PRODUCTS AS PROTECTION TOOLS AGAINST THE RISK IN SPORT TOURISM: POLISH AND CROATIAN CASE STUDIES

2017 ◽  
Vol 43 ◽  
pp. 85-106
Author(s):  
Danuta Żylak ◽  
Andrzej Hadzik ◽  
Jakub Ryśnik ◽  
Rajmund Tomik
Keyword(s):  
Comparative Analysis ◽  
Empirical Studies ◽  
Insurance Coverage ◽  
Insurance Companies ◽  
Sport Tourism ◽  
Polish Literature ◽  
Financing Risk ◽  
Sector Type ◽  
Definition Of ◽  
Active Sport

Purpose. The purpose of the article is to assess travel insurance as a method of protection against the risk of sport tourism on the basis of a review of insurance products on the Polish and Croatian markets with emphasis on those prepared for practicing biking tourism. Method. A review of the literature and comparative analysis of the existing range of insurance products within both markets. Findings. The revue was focused on selected insurance products of leading insurance companies on the Polish and Croatian markets. The overview of available insurance products in the field of active tourism is an indication of effective protection against the risk for people taking up endeavors other than those which are considered everyday activities. Research and conclusion limitations. There is no definition of travel insurance in the Polish literature, but it is insurance aimed at satisfying the financial needs arising from the implementation of risk-taking activity for the entity. Empirical studies include leading insurers on the markets mentioned above within their scope of travel insurance offers for active sport tourism. Practical implications. Increasing the forethought of insurance for tourists through awareness of risk and the available insurance coverage. Originality. The paper concerns the important issue of protection against the risk in active sport tourism. It should be emphasized that the Croatian tourist market provides diversified sources of risk financing and insurance which is judged to be the most important method of financing risk in tourism. A comparative analysis of the Polish and Croatian was chosen due to the attractiveness of both countries in terms of tourism resources and intensive economic cooperation in the tourism sector. Type of paper. A combination of an overview with empirical studies.

scholarly journals Improvement of Methodological Approaches to Determining Directions of Ensuring Financial Security of Insurance Companies of Ukraine

2021 ◽  
Vol 39 (5) ◽  
Author(s):  
Oleg A. Diegtiar ◽  
Olena A. Lutsenko ◽  
Liudmyla A. Polyvana ◽  
Tetiana A. Pushkar ◽  
Hanna A. Zhovtyak
Keyword(s):  
Methodological Approach ◽  
Financial Economic ◽  
Economic Security ◽  
Insurance Companies ◽  
Financial Security ◽  
Insurance Company ◽  
Insurance Sector ◽  
Destabilizing Factors ◽  
Methodological Approaches ◽  
Definition Of

Financial security of the insurance market significantly affects the financial, economic and social stability of society and should be included in the range of problems that are directly related to the issues of financial security of Ukraine. The main purpose of the article is to set out and solve the problem of improving methodological approaches to determining the directions of ensuring the financial security of insurance companies in Ukraine. The main functional tasks of financial security of insurance companies are identified. It has been proved that financial security is a component of economic security and a refined definition of this category has been provided. Destabilizing factors of influence on financial security of insurance companies have been identified and analyzed. A methodological approach to managing the financial security of an insurance company has been developed. A complex of proposals for the development of the insurance services market has been formed as a basis for strengthening the financial security of insurance companies. It was concluded that the insurance sector of Ukraine can actively develop provided that there is a clear theoretical and methodological justification of the toolbox, the implementation of a methodological approach to managing the financial security of the insurance company, taking into account all the problems and proposals for its continuous improvement and development in the changing conditions of the present.

scholarly journals A New Tool for Covering Risk in Agriculture: The Revenue Insurance Policy

Risks ◽  
2021 ◽  
Vol 9 (7) ◽  
pp. 131
Author(s):  
Angelo Frascarelli ◽  
Simone Del Sarto ◽  
Giada Mastandrea
Keyword(s):  
Risk Management ◽  
Agricultural Sector ◽  
Insurance Coverage ◽  
Price Volatility ◽  
Insurance Companies ◽  
Insurance Policy ◽  
Agricultural Insurance ◽  
Revenue Insurance ◽  
The Common ◽  
Using Data

Over the last years, the agricultural sector has faced increasing risks related not only to production activities, but also to climate adversity and a higher frequency of extreme events. These factors, combined with increased price volatility in the markets, have caused greater exposure to risk for farmers. For this reason, risk management in agriculture has taken on an important role within the Common Agricultural Policy. However, in recent years, gradual disaffection of farmers, low penetration of insurance in the arable sector, and a greater need for insurance coverage against market risks have characterised the subsidised risk management system. For all these reasons, starting in 2017, the National Agricultural Insurance Plan has provided new possibilities for covering risks. This paper aims to contribute to the debate on risk management linked to the revenue insurance policy recently adopted in Italy. Using data from the Italian Farm Accountancy Data Network, we simulate the application of the revenue insurance policy with a sample of Italian farms operating in the common and durum wheat sectors. The main findings show that the revenue insurance policy stipulation is, overall, sustainable for both farms and insurance companies.

METHOD FOR CONDUCTING OIL POLLUTION LIABILITY INSURANCE SURVEY

1983 ◽  
Vol 1983 (1) ◽  
pp. 545-548
Author(s):  
Michael K. Breslin
Keyword(s):  
Oil Spill ◽  
Oil Spills ◽  
Oil Pollution ◽  
Insurance Coverage ◽  
Liability Insurance ◽  
Insurance Companies ◽  
Government Agencies ◽  
Oil Spill Response ◽  
Assessment Survey ◽  
And Storage

ABSTRACT Oil pollution liability insurance surveys of oil handling installations are undertaken by insurance companies to qualitatively assess the chances that an oil spill will occur and the damage it could cause. By thus examining a facility, a basis is established on which to determine the premium for insurance coverage. In conducting such an oil spill risk assessment survey, many facets of oil handling and storage are considered, such as oil accounting, housekeeping, oil handling equipment, maintenance, outside contractor access and use, oil spill response equipment, and relationships with government agencies. Each facet must be addressed, and affects the final evaluation of the facility. Some of the procedures used for surface oil spills also can be applied to assess the risk of underground oil spills.

scholarly journals Impact of the Business Structure on Solvency of Property-Liability Insurance Companies and Its Mediating Effect

2021 ◽  
Vol 2021 ◽  
pp. 1-17
Author(s):  
Shuang Wu ◽  
Yi Li
Keyword(s):  
Risk Management ◽  
Mediating Effect ◽  
Liability Insurance ◽  
Insurance Market ◽  
Insurance Companies ◽  
Positive Role ◽  
Effect Model ◽  
Business Structures ◽  
The Impact ◽  
Business Structure

It is an important objective for insurers to optimize their business structures to prevent business risks. This paper examines the solvency risk management in property-liability insurance companies from the perspective of business structure optimization. We construct a logical framework to explain the impact of the business structure on solvency through profitability and reinsurance behavior of property-liability insurance companies. By constructing a mediating effect model, we tested 35 Chinese-funded property-liability insurance companies and 18 foreign-funded property-liability insurance companies in China’s insurance market from 2009 to 2015. Two major results were found as follows: first, the impact of the business structure on solvency is positively significant in small Chinese-funded insurance companies as well as foreign-funded insurance companies, while it is insignificant in large Chinese-funded insurance companies. Second, the mediating effect test shows that the intermediary channel of profitability does not exist, while the intermediary channel of reinsurance exists, and the reinsurance fully mediated the relationship between business structure and solvency only in foreign-funded insurance companies. Therefore, we suggest that small Chinese-funded insurance companies should actively develop nonauto insurance and improve the risk diversification effect of the diversified business structure. On the contrary, foreign-funded insurance companies should give play to their differentiated advantages and continue to concentrate on the operation of nonauto insurance in China’s insurance market. Besides, the above two types of companies should attach more importance to the positive role of reinsurance in solvency risk management in their business development strategies.

Effect of Financial Risk Management on the Performance of Insurance Companies in Rwanda (2015-2019)

2020 ◽  
Author(s):  
Simon Pierre NTIVUGURUZWA ◽  
Jean Bosco Ndikubwimana ◽  
Dukunde Angelique ◽  
JMV MPIRANYA ◽  
Frederic Mpambara ◽  
...  
Keyword(s):  
Risk Management ◽  
Financial Risk ◽  
Insurance Companies ◽  
Financial Risk Management

scholarly journals Reluctance to Accept Palliative Care and Recommendations for Improvement: Findings From Semi-Structured Interviews With Patients and Caregivers

2021 ◽  
pp. 104990912110126
Author(s):  
Valeria Cardenas ◽  
Anna Rahman ◽  
Yujun Zhu ◽  
Susan Enguidanos
Keyword(s):  
Palliative Care ◽  
Controlled Trial ◽  
Insurance Coverage ◽  
Healthcare Providers ◽  
Health Condition ◽  
Insurance Companies ◽  
Structured Interviews ◽  
Care Services ◽  
Home Based ◽  
Palliative Care Services

Background: Despite some insurance plans now paying for home-based palliative care, recent reports have suggested that insurance coverage for palliative care may be insufficient in expanding patient access to home-based palliative care. Aim: To identify patients’ and caregivers’ perceived barriers to home-based palliative care and their recommendations for overcoming these barriers. Design: We conducted a qualitative study using semi-structured individual interviews. Our interview protocol elicited participants’ perspectives on home-based palliative care services; positive and negative aspects of the palliative program explanation; and suggestions for improving messaging around home-based palliative care. Setting/Participants: Twenty-five participants (patients, proxies, and their caregivers) who were eligible for a randomized controlled trial of home-based palliative care were interviewed by telephone. Results: Themes related to home-based palliative care referral barriers included reluctance to have home visits, enrollment timing, lack of palliative care knowledge, misconceptions about palliative care, and patients’ self-perceived health condition. Themes related to recommendations for overcoming these obstacles included ensuring that palliative care referrals come from healthcare providers or insurance companies and presenting palliative care services more clearly. Conclusion: Findings reinforce the need for additional palliative care education among patients with serious illness (and their caregivers) and the importance of delivering palliative care information and referrals from trusted sources.

Compulsory civil liability insurance, financial security: An integral component of compensation for ship-source oil pollution damage

2021 ◽  
Vol 33 (2) ◽  
pp. 435-441
Author(s):  
Pham Van Tan
Keyword(s):  
Large Scale ◽  
Oil Spills ◽  
Oil Pollution ◽  
Civil Liability ◽  
Economic Loss ◽  
Liability Insurance ◽  
Financial Security ◽  
Pollution Damage ◽  
Significant Harm ◽  
Oil Tankers

Oil pollution damage caused by oil spills at sea generally occurs on a large scale across numerous regions and countries, causing significant harm to marine ecosystems as well as worldwide economic loss. The costs are so severe in many instances that the owner of the ship responsible for the pollution cannot afford to pay compensation to those who have suffered loss. As a consequence, the need to cover oil pollution damages has given rise to compulsory liability insurance, which provides a financial guarantee against the costs of oil spills. Compulsory civil liability insurance has therefore become an indispensable part of the liability regime for owners of oil tankers and bunkers.

Sign in / Sign up

Export Citation Format

Share Document