Insurance for Medical Professionals

Types of Medical Professionals We Cover

Having medical professional liability insurance ensures protection both now and in the future. Even the most experienced and cautious medical professionals still have the potential to make a mistake at any time. Any kind of mistake or oversight can come with significant financial consequences.

Physician assistants could potentially give a misdiagnosis, leading to allegations of malpractice if the patient’s condition worsens. Pharmacists who mislabel or dispense the wrong medication can easily face a malpractice lawsuit or claim. A physical therapist in charge of managing preventive care or rehabilitation could be blamed for worsening the patient’s condition or not managing a fracture well. Similarly, both nurses and home healthcare providers can be at risk for claims of negligence.

Even in situations where mistakes are unintentional, such as poor imaging from a radiology lab, medical professionals can still be responsible and face a malpractice lawsuit.
With professional liability insurance, which is also referred to as errors and omissions insurance, professionals will be protected against any lawsuits that might occur following an unsatisfactory service, injury, or death.

This reality is why, no matter what field professionals practice in, they need to have adequate coverage. Here at Prime Insurance Company, we provide coverage for a wide range of medical professionals, including:

• Doctors.
• Physician assistants.
• Surgeons.
• Nurse practitioners.
• Nurses.
• Home healthcare providers.
• Dentists.
• Pharmacists.
• Midwives.
• Psychologists.
• Occupational therapists.

Why Work With Prime Insurance?

Prime Insurance Company specializes in customized coverage and solutions for insurance producers. With our hands-on approach, we’ll make sure you deliver the exact coverage medical professionals need. Even if a medical practice has a claims history or has been canceled or declined in the past, we can help.

Insurance producers that choose to work with us will experience several benefits, including:

• Rated “A” (Excellent) by AM Best: Prime has earned an “A” (Excellent) rating* from AM Best, which is a global credit rating agency. To earn this rating, AM Best evaluated a range of criteria, including our operating performance, balance sheet strength, and business profiles. As a financially stable insurance company, you can count on us to deliver custom coverage and solutions — even for hard-to-place risks.
• No minimum product requirements: We allow both agents and brokers to write however many policies they need. With no minimum product requirements and policies available at any premium amount, we make the entire process as easy as possible.
• In-house underwriting and risk management teams: Since our underwriting and risk management teams are in-house, we can write many risk classes and provide coverage in specialty classes. We work directly with policyholders, offering support throughout the entire process. No matter what your needs are, we are here to help.
• Profit sharing with producers: Prime offers a profit-sharing program. This program, which is available to both agents and producers, offers the opportunity to earn more based on how many policies you write with us.

Questions for Insurance Providers to Consider Before Working With a Medical Liability Coverage Provider

1. Does your general liability insurance protect personal assets in the event of malpractice?

Most medical professionals wisely protect themselves with a basic professional liability policy. But, what happens when a legal judgment exceeds the limits of these policies? Prime Insurance Company provides coverage that protects medical professionals from personal and professional liability while covering any holes or exclusions.

2. What’s covered by liability insurance?

Medical professional liability insurance covers a wide range of risks. Through our all-in-one policies, medical professionals can choose coverage which includes:

• Alleged assault and battery liability: Protects against threatening behavior and intentional touching without consent.
• Alleged sexual abuse and molestation liability: Covers allegations of sexual misconduct, abuse, and molestation.
• Commercial liability: Covers any bodily injury and property damage that occurs during administering professional medical services.
• Customized specialty liability coverage: Ensures specific coverage based on incidents related to the policyholder’s occupation or business.
• Excess coverage available: Offers additional professional liability protection if any claims exceed underlying policy limits.
• Libel and slander: Includes coverage for both written and oral defamatory statements.
• Malpractice: Covers errors and omissions that either physicians, nurses, or other health care providers could potentially make when providing medical services.
• Negligence and alleged negligence: Ensures coverage in situations where medical professionals are blamed for not providing reasonable care, resulting in either damage or injury.
• Wrongful acts: Includes both alleged and actual wrongful acts that happen while providing medical services.

3. What states do you cover?

Prime provides coverage in all 50 states. Along with nationwide coverage, we can write in Guam, Puerto Rico, and the U.S. Virgin Islands.

Work With Prime Insurance to Provide Medical Liability Insurance

For those involved in the medical profession, Prime Insurance can help you ensure their finances and career are protected. We’ve been helping insurance providers deliver custom coverage for over 40 years. Once you submit the application and our underwriting team reviews it, we’ll set up a phone call to discuss insurance needs and desired coverage options.

Ready to work together and provide the medical liability insurance professionals have been looking for? Contact us today to learn more and receive a free quote.

*For the latest ratings, access www.ambest.com.