Does NCMIC require that my patients sign an arbitration agreement?

No. NCMIC does not believe arbitration agreements are in the best interest of our policyholders and their patients.

Arbitration means instead of having a jury trial, a neutral party will make a binding decision on the case. Though it may seem like a good idea at first glance, arbitration has several disadvantages:

  • You give up the option to go to court.
  • You may be more likely to be found at least partially at fault, because the arbitration process typically favors compromise. Keep in mind that any payment to a patient is reported to the National Practitioner Data Bank. 
  • Asking your patients to sign one may cause the doctor/patient relationship to be strained right away. You would also have to decide if you will turn away patients if they refuse to sign the agreement.

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The NCMIC Malpractice Insurance Plan is underwritten by NCMIC Insurance Company. In the states of Florida and New York, the NCMIC Malpractice Insurance Plan is issued by NCMIC Risk Retention Group, Inc.

The terms and conditions of NCMIC's Malpractice Insurance Plan are fully explained in the policy. Policy features vary by state and may be subject to underwriting approval. For details, view this pdf.