Insurance World

When you’re sick, you go to a medical doctor. When you need to organize your finances, you go to a CPA. When you need someone to help you understand and purchase auto or homeowners’ insurance, you should go to a Chartered Property Casualty Underwriter, or CPCU.

Just as these other professionals work with you as partners, so too is a CPCU your professional insurance partner. CPCU is recognized as the premier professional designation of the property and casualty insurance industry. When you choose a CPCU, you can be sure that you are working with someone who has significant experience and can offer you guidance on all of your insurance decisions. A CPCU must also agree to an enforceable code of ethics and pledge to put your interests above his or her own.

Simply put, CPCUs are dedicated to helping consumers make better insurance decisions-and they’re highly qualified to do so. To earn the credential, CPCUs must pass undergraduate- and graduate-level courses covering such diverse subjects as insurance law, ethics, accounting and management. These demanding standards ensure that when you choose a CPCU for your insurance needs, you are choosing someone who not only has your best interests in mind, but has the background and knowledge to prove it.

Many CPCUs are also members of the CPCU Society, a professional association that provides CPCU members with opportunities for continuing education and professional development. These opportunities ensure that CPCUs stay on top of the latest issues in the industry and can pass that knowledge on to their customers.

The CPCU Society was founded in 1944 with a mission to meet the career development needs of a diverse group of professionals who have earned the CPCU designation, so that they may serve others in a competent and ethical manner. There are 26,000 CPCU Society members around the world that help others make sound insurance decisions.

Congratulations doctors, nurses, therapists, and pharmacists! You have studied hard, spent thousands upon thousands of dollars to attend school for what probably felt like thousands upon thousands of years, and now you are ready to enter the medical workforce. You are ready to start working for a medical business, or to open your own medical business. With a scalpel in one hand, a prescription pad in the other, and a stethoscope swinging around your neck, you are ready to cure the sick and save the dying.

However, before you start working, or open your own medical business, you must purchase professional liability insurance. Otherwise, you might find yourself paying out thousands upon thousands of dollars – again.

Remember, professional liability insurance isn’t just for doctors and hospitals. Anyone working in the medical field should purchase professional liability insurance.

There are different kinds of professional liability insurance policies for you and your medical business, most of which cover allegations of malpractice. As a medical professional, you are familiar with professional liability insurance by now, and now that you are ready to start working or to open the doors of your own medical business, it is time to purchase your own professional liability insurance.

The kind of professional liability insurance you purchase for yourself and your medical business will usually depend on your specialty, the location of your medical business, and the demographics of your clientele. Along with your claims experiences and limits of liability you choose, these factors will also go into determining the cost of the professional liability insurance for yourself and your medical business, as well.

Search for professional liability insurance for yourself and your medical business based on the factors, and you can start by calling your state’s insurance bureau and asking for information about professional liability insurance for medical professionals and medical businesses. They will be able to walk you through the steps of purchasing professional liability insurance.