Guard Your Financial Assets

Imagine this scenario:

A physician with $1 million coverage is named in a medical liability case and is hit with a $5 million verdict. In order to recover the money for the plaintiff, the physician’s financial accounts are frozen. He is unable to pay for his son’s college tuition. He files for Chapter 11 bankruptcy proceedings.

This story is fiction; however, a similar catastrophe did befall an Illinois doctor. The plaintiff was awarded a verdict above coverage, and an attack on the physician’s personal assets to cover the additional money did occur.

What can be done to make sure this doesn’t happen to you? As an ISMIE policyholder, you can take advantage of a new seminar, “Financial Planning and Asset Protection in Times of a Medical Liability Crisis.”* With the knowledge that you gain from the seminar and the assistance of professionals experienced in these areas, you’ll be armed against calculating lawyers and equipped to preserve your financial future.

To serve our policyholders throughout Illinois, sessions will be offered at multiple locations. Faculty will include attorneys who specialize in estate planning and financial management. You may have already received by mail a brochure detailing the seminar, including dates and locations. Registration information is also included in a special insert in this newsletter.

*“Financial Planning and Asset Protection in Times of a Medical Liability Crisis” is not an activity within our Managing Risk discount program.