Physician FAQs
Click the questions below to see the answers to our frequently asked questions.
What does the policy cover?
The Professional Liability section of our policy provides coverage for injury or damages arising from:
- professional liability claims that are brought against you by a patient in your practice as a physician or surgeon
- your service on a hospital or professional society board or committee
- your participation in quality assurance activities where you evaluate the quality of healthcare services or patient safety
- your participation in a formal credentialing, peer review or quality assurance board or committee
The Corporate Liability section of our policy provides coverage for the vicarious liability of a professional association, corporation or partnership. This coverage provides a separate limit of liability and is only available to a group of 2 or more physicians or surgeons.
The Investigation Defense section of our policy provides you with a $25,000 sublimit to defend actions and reviews by medical licensing boards, credentialing agencies, professional review organizations, Medicare and Medicaid.
What policy limits are available?
Policy limits up to $1,000,000 per claim, $3,000,000 per aggregate are available. If you have a need for a higher limit, please have your agent contact our Underwriting Department.
Do you offer discounts for physicians with favorable claim histories?
Yes. The company offers substantial discounts for physicians with favorable claim histories. You are eligible for these discounts based on the number of consecutive years you have practiced without a claim (provided you have maintained professional liability insurance over the same period).
Will you cover my locum tenens?
Yes. The company will cover a locum tenens substituting for you. However, you must notify us in advance of the substitution date.
Will I be able to pay a reduced premium if I am new to practice, practice part-time or take leave for military service, family reasons, disability, or a sabbatical?
Yes. We offer reductions in premium for each of the situations described above.
What payment plan options do you offer?
We have multiple flexible installment plans available and charge 0% financing.
Payment options include:
- full payment of the policy premium
- quarterly installments (25% for each payment)
- 20% down and 9 equal installments
There are no finance charges or other fees if an installment option is elected. We offer online payments for our installments options.
What extended reporting (tail) coverage options are available?
If you decide to leave us for another carrier, you will have the option to purchase tail coverage. We will provide a quotation and you will then have 30 days to decide on its purchase. There are finance options available on the tail premium. You cannot cancel tail coverage once the premium has been paid.
If you die or become permanently and totally disabled, our policy will provide tail coverage at no charge, regardless of your age or the number of years you were insured with us.
If you completely retire from the practice of medicine and have been insured with us for the last 3 years prior to your retirement, our policy will provide the retirement tail coverage at no charge, regardless of how old you are when you elect to retire. However, if you decide to return to work, the free retirement tail coverage is no longer valid.
