What is Supplemental Medical Malpractice Legal Defense Insurance?

Insurance companies protect themselves through the terms and conditions they put into the policies you purchase. They purposely limit coverage and add exclusions enabling them to deny claims. The final decision as to whether a claim or lawsuit will be covered by your insurance policy is strictly up to them.

Meanwhile, the healthcare sector is becoming more litigious with patients becoming more aware of their rights and legal options. The likelihood of facing lawsuits, even in cases of minor complications, has gone up substantially.

A carrier will either deny coverage or defend a claim under a “Reservation of Rights”. This notifies the insured (medical provider) that your primary insurance company is investigating your claim with the right to deny in the future. During this review, insurance companies look to find policy exclusions or ambiguities to deny the claim. In addition, primary insurance companies may occasionally fail to respond promptly to a lawsuit. If a lawsuit is filed against you and the court does not receive a response within the 20-day deadline, a default may be entered against you. If this situation arises, you may be liable for monetary damages and face additional legal consequences.

BOLD’s Supplemental Legal Defense Policy provides comprehensive legal coverage. As soon as a claim is filed against you and the primary insurance company denies coverage, your BOLD Policy will immediately do the following: