Focus on Your Patients…
We’ll Focus on Your NJ Practice.
Established in 2002 and among the premier physician-driven medical malpractice insurance company’s in the country, Positive Physicians Insurance Exchange, offers experienced insurance and risk management services to medical professionals in New Jersey and provides focused, physicians-driven programs. Positive Physicians has been assigned a Financial Stability Rating of A, Exceptional, from Demotech, Inc. and is reinsured by Lloyds of London.
We take great pride in having developed a progressive and systematic approach to protecting physicians from risk. This type of specialty focus coupled with our ability to provide rates as much as 20% lower than the competition is why Positive Physicians has been the choice for hundreds of practices across our bourgeoning coverage area.
Please find a listing of the coverages we offer. If interested in a free online quote and demonstration of our services, please fill out the form to the right or or contact us. If you want a free online insurance and financial diagnostic, click here or on the box to the right.
Occurrence policies cover any incident while the policy is (or was) active, regardless of when the incident is reported or when it becomes a claim.
Claims Made Coverage
A claims-made policy covers claims reported while your policy is active.
Claims-Made Plus Coverage
Claims-Made Plus polices offer general coverage with pre-paid, tail coverage
Prior Acts Coverage
Prior acts coverage provides coverage for claims that were made while insured under a prior claims-made policy.
Tail coverage protects you against claims that occurred during previous claims-made policy coverage, and the claim is made after policy termination.
Positive Physicians Insurance Exchange is committed to providing medical specialty physicians with features and benefits that help increase patient safety, improve overall medical care and decrease medical malpractice litigation and policy costs. We offer custom risk and claims management and aggressive claims defense with leading defense counsel who specialize in NJ medical liability cases.
Positive Physicians’ Medical Review Board is comprised of your peers from various specialties and geographically representative regions of the state. Board supervision extends to every aspect of the company, including:
- Risk Management
- Potentially Compensable Events
- Physician Dispute Settlement
For more information on our New Jersey medical malpractice insurance services, contact us for a Free Quote.
Statute of Limitations on New Jersey Medical Malpractice Claims
New Jersey has established limits on how long a patient can wait to file suit in medical malpractice cases. These limits, known as the statute of limitations, are very strict in most circumstances. This means that once the allowable amount of time has passed, you can no longer file a medical malpractice claim.
According to New Jersey medical malpractice law, a patient has up to two years to file a lawsuit against a healthcare provider for medical malpractice. This two-year countdown begins when the doctor breaches the standard of care.
However, sometimes a patient does not realize he or she has been injured until well after the incident of medical negligence occurs. In these situations, New Jersey law says the statute of limitations does not begin counting down until the point when the patient should be reasonably aware that injury has occurred.
Damage Caps in New Jersey
Another aspect of New Jersey medical malpractice law is damages caps. Damagesare the money an injured patient seeks from the healthcare provider who caused the injury. There are several types of damages available to a patient in medical malpractice cases.
The main type of damages is known as compensatory damages. These are fairly straightforward and include compensation for medical bills accrued as a result of the medical injury. To receive compensatory damages, you and your attorney will have to provide the court with copies of medical bills as evidence of your expenses.
Another type of damages is non-economic damages. These compensate patients for less tangible costs, such as pain and suffering. In New Jersey, there are no caps placed on compensatory and non-economic damages.
The final type of damages are punitive damages. These are only awarded when the healthcare professional’s actions are considered extraordinarily reckless. Oftentimes, to receive such damages, you and your attorney will have to show that the doctor’s conduct was malicious or arose out of fraud. Punitive damages are meant to punish the medical provider for this reckless behavior.
Under New Jersey malpractice law, there is a cap placed on punitive damages. Specifically, a medical provider will not have to pay punitive damages that exceed either five times the compensatory damages or $350,000, depending on whichever is greater.