Selection of MPL Coverage Forms Available
Claims-Made – Provides protection for covered medical professional liability claims which occur on or after a retroactive date and are reported during the policy period or an extended reporting period, if applicable.
Occurrence – Provides protection for covered medical professional liability claims that occur during the policy period.
Primary Policy Limits
Primary policy limits are available of up to $2,000,000 per claim.
Key Coverage Highlights
Medical Directors, Peer Review and Credentialing Activities – Coverage provided for medical directors acting within their scope of duty for the named insured as well as persons acting within their scope of duties on a formal accreditation, peer review or credentialing committee or board of the named insured.
Broad Definition of Insured – Shared coverage provided for all non-physician employees, students and volunteers while acting within their scope of duties; separate limits offered for an additional premium.
Consent to Settle – Coverys will not settle a claim or suit without the named insured’s written consent.
Worldwide Coverage – Coverage applies for suits brought within the United States, its territories and possessions, or Canada.
Healthcare Provider Coverage – Coverage is provided to ‘Scheduled Providers’ identified in the schedule of insureds while working within their scope of duties. If desired, separate limits of liability may be purchased for healthcare providers.
Vicarious Liability Coverage – Provided for claims arising out of professional acts or omissions by someone for whom the policyholder is legally responsible.
Commercial General Liability Coverage Part – Protects against liability for bodily injury or property damage arising out of an insured’s premises and personal and advertising injury. Additionally, payment of related medical expenses is included regardless of fault as part of this coverage part.
Employee Benefits Liability Coverage Part – Coverage for claims alleging improper advice and other errors or omissions in the administration of the named insured’s employee benefit plans. Excess Medical Professional and
Excess Medical Professional and Umbrella Liability Coverage Part – Additional limits added in excess of primary limits in the event the underlying coverage limit has been exhausted.
Abuse or Molestation Expense Reimbursement Coverage – Reimburses up to $100,000 for legal expenses resulting from a suit or licensing board proceeding, required to defend a healthcare facility against allegations of actual or threatened sexual abuse or sexual misconduct by the named insured or anyone for whom the named insured is legally responsible.