PA-StoPA-C Posted March 21, 2020 Share Posted March 21, 2020 Can those of you that work in addiction medicine (or telemedicine in general) shed some light on what type of malpractice insurance you've purchased for yourself? My situation: I am a PA living in Chicago but will be starting an (on call, but weekly coverage of two 15 hour days) addiction telemedicine job in California that is offering malpractice as a W4 employee but no malpractice if I wish to be a 1099 (independent contractor). The benefit of each is of course not having to figure out the complicated taxes and getting malpo insurance through the employer as a W4 VERSUS independent benefits as a 1099. This is not my primary job so insurance or retirement benefits don't come into play. The job pays $1500/week so I was thinking the 1099 may be a better option because I will owe quite a bit of taxes. I've never held a position where I have had to get my own malpo. For those of you that work in addiction/telemedicine - what limit of liability do you select? In the quote function CM&F provides, behavioral health/psych in class P1 (that AAPA describes as nonsurgical) and telemedicine in class P3 (AAPA describes as surgical). I imagine this is due to the risks associated with telemedicine? Selecting both behavioral health/psych and telemedicine (since I am doing telemedicine for addiction) gives me a $1,000,000 / $6,000,000 policy quote. I've only ever been offered a $1,000,000/$3,000,000 policy by my employers and I wonder if even that is more than what would be needed as an independent contractor. What do you guys normally get? Should I be selecting both classes or only telemedicine? Trying to make an informed decision on my employment status once I take malpo into account but what would you do if in my shoes? Thank you in advance! Quote Link to comment Share on other sites More sharing options...
Mayamom Posted March 21, 2020 Share Posted March 21, 2020 As I have mentioned in other threads I always get the higher amount. 1/6. It will be costly through CMF but they have been around a long time and I believe an A rated company. Sounds like a great side job. Quote Link to comment Share on other sites More sharing options...
PA-StoPA-C Posted March 25, 2020 Author Share Posted March 25, 2020 On 3/21/2020 at 6:19 AM, Mayamom said: As I have mentioned in other threads I always get the higher amount. 1/6. It will be costly through CMF but they have been around a long time and I believe an A rated company. Sounds like a great side job. Thank you that's helpful! Quote Link to comment Share on other sites More sharing options...
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