Medical Professional Liability Insurance

Coverage Information

Primary Policy Limits – Available up to $2,000,000 per claim, depending on location.
 
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 – Where allowed, 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.

Cyber Liability and Protection Plus Coverage – Coverage for data security and privacy incidents, regulatory or commercial payor audits, as well as electronic crime incidents. Coverage includes access to experienced attorneys and legal resources which specialize in handling such incidents throughout the claim lifecycle and also includes comprehensive risk management support. A $100,000 aggregate limit is provided at no extra cost with flexible, increased limit options available for an additional premium.
Read More: Cyber Liability and Protection Plus Coverage

Information:

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 Umbrella Liability Coverage Part – Additional limits added in excess of primary limits in the event the underlying coverage limit has been exhausted.