01st Aug 2008
Who pays the malpractice insurance in an associate contract?
As usual, there’s no “rule” about this. I’ve seen it both ways. At one extreme, I have seen contracts in which the hiring doctor required the employee (associate) to have X amount of coverage, with Y malpractice carrier before starting work. That’s pretty restrictive. It’s also a reduction in the base pay (assuming there is a base pay), so the take-home pay is less.
On the other end of the scale, I have seen hiring doctors pay the malpractice insurance for the employee. That’s great, but what happens when you leave? If it were my (personal opinion here), I’d choose to pay my own malpractice, and with the company I choose, so I can take it with me when I leave. The insurance is very cheap for the first couple of years anyway.
What do you think? Would you rather pay your own and take it with you or have your employer pay?
One final comment: Remember that EVERYTHING IS NEGOTIABLE. If your hiring doctor demands that you get insurance with his/her malpractice carrier, politely say you’d rather get it from your own company and then be prepared to give up something else, if necessary, to get this concession.
Home Office Insurance
I have to say, that I could not agree with you in 100%, but it’s just my opinion, which could be wrong.