|PL Coverage Highlights
Not all Medical Professional Liability policies are the same
Consider these coverages and options, then consider upgrading to an A.M. Best “A” (excellent) rated insurance company with an outstanding record of claims service.
Consent to Settle Clause the company will not settle a claim without your written consent
Legal Defense Coverage for Governmental Proceedings $25,000 limit with no deductible (e.g. State Disciplinary Proceedings, Federal Professional Review Organization Sanction, HIPAA or Privacy Related Proceeding)
Free Retirement Tail after 5 years of continuous coverage and you’ve reached the age of 55 years or older
Tail Premium Discount credit for each year of continuous coverage of 20%, 40%, 60%, 80%, 100% if physician retires, is 55 years or older and tail is purchased with less than 5 years of continuous coverage
Part-Time Discount up to 50% credit for certain physicians that qualify
Solo Corporations Automatically Covered at no additional premium (owned solely by the Named Insured with no employed or contracted physicians). A separate limit of liability is available for an additional premium charge.
Ancillary Healthcare Providers Automatically Covered (RN, LPN, Medical Assistant, etc.) share in the Named Insured’s limit of liability and are covered for professional services provided on behalf of the Named Insured at no additional charge.
Mid-Level Providers Automatically Covered NP’s, PA’s, CRNA’s share in the Named Insured’s limit of liability and are covered for professional services provided on behalf of the Named Insured at no additional charge. A separate limit of liability is available for Mid-Level Providers for an additional premium charge. Please review the policy form carefully for all terms, conditions, and exclusions. In the event of a conflict between the policy and these coverage highlights, the policy will supersede any representations made here.