Physician Employment Contract: Ending a Practice Relationship

Exiting a process can be an emotional and complex transition. Professional liability insurance is a concern that needs to be addressed before a physician leaves a practice situation for any reason.

There are two main types of insurance policies for professional liability: claims-made and occurrence-based coverage, most medical practices maintain claims-made professional liability insurance coverage.

While professional liability insurance may not be the first thing on a physician's mind when joining a practice, it most definitely is a key concern when leaving a practice. In order to prevent unexpected surprises, both parties need to be sure to have the liability insurance provision of their employment agreement solidified such that all parties are on the same page in the event of one of the physician's departures, or the dissolution of the practice itself.

Read the full article at American Medical News, or click here: http://www.ama-assn.org/amednews/2010/05/03/bicb0503.htm