Medical Malpractice Insurance – What Is a Slot?

The slot machine is the casino’s most popular game for a good reason — it is both fun and highly profitable. But what exactly is it, and how does it work? The answer, like so much about gambling, lies in a complex mix of engineering acumen, mathematical know-how, and psychological deceit.

The basic machine is a set of rotating reels with printed graphics that, when pulled by a handle, determine whether you win or lose. A winning combination requires that all of the symbols appear on a pay line running vertically through the center of the machine. Today, microprocessors have replaced the old mechanical reels, and digital technology allows for a virtual array of symbols on a video screen. A conventional machine might contain three or more reels, with each having 20 or more symbols. Digital machines, however, can have as many as 250 virtual symbols, with millions of possible combinations.

A slot is also a term for a reserved time and place to take off or land, as authorized by an airport or air-traffic control authority: We got into the airport in two hours, but there were no slots available at that hour of the day.

Another meaning of the word is an opening into which something can be inserted: The door has a slot in it for a key. Another use of the word is a specific place in an organization: a staff member’s slot is his or her job, or the position to which he or she is assigned.

A slot can also be a temporary holding place for content on a Web page, dictated either by a scenario that adds items to the slot (an active slot) or by the use of a targeter to fill a slot in a content repository (a passive slot). The contents of a slot are then appended to the corresponding native filter.

For physicians who are looking for a cost-effective, convenient way to obtain medical malpractice insurance, slot coverage may be the right option. This type of policy offers a premium based on the number of hours that part-time physicians work in a given time period, rather than on claims-made coverage. If you have questions about slot coverage, contact Gallagher Healthcare, a leader in providing this insurance to physicians. We can help you learn about this unique form of medical malpractice coverage and determine if it is the right fit for your practice.