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Maximize Potential Savings and Discounts with Medical Malpractice Insurance
Potential Savings and Discounts
Our goal is not only to minimize risks, we also work hard to save you money in the long run. Also known as Professional Liability Insurance, this covearge defends and makes payments of future claims that are set within the policy’s terms and limits.
The following discounts are available to you upon choosing to work with Madison:
- Discount For New-to-Practice Physicians
- Claims Free Discount
- Education and Training Discount
- Discount For Part-Time Physicians
- Medical Society Discount
- Association Discount
- Risk Management Discount
Types of Insurance Coverage
The most common form of professional liability insurance, this provides coverage for insured events that occur during or after the particular policy’s retroactive date.
This coverage provides insurance for claims that stem from incidents which happened during the period previous claims-made policy or policies were in effect but have been reported after the termination of the policy.
Tail coverage safeguards the physician from claims that result from professional services that were reported after the termination of the policy but were done during the time the claims-made policy was still in effect.
Regardless when an incident becomes a claim or when it is reported, occurrence coverage covers any incident that happens or happened while the policy is or was in effect.
Types of Risk
- Applicants can be classified as preferred risk upon meeting particular underwriting guidelines.
- Determination of guidelines through applicant’s credentials, medical records, and favorable claims record.
- Preferred risk physicians have precise characteristics that places them in an insurance company’s special system.
- The standard risk profile applies to applicants that are not qualified as preferred or special risks.
- Majority of applicants that apply for coverage and are claims free usually fall within this bracket.
- Designation for applicants with a unique class of medical practice, a claims history, both at fault or not.
- Do not meet the underwriting criteria for standard or preferred risks.
- Also includes applicants that have been declined or canceled by other insurers.
Get Low Rates Nationwide from Premier Carriers
Being a Rated A Carrier, Madison Health Care has a fully integrated approach to securing coverage for medical professionals and health organizations nationwide. Carriers usually offer premiums at various rates—what we do is collaborate with a number of respected carriers to give you the best coverage possible.
Apart from Medical Malpractice Insurance, we also offer a full suite of insurance brokerage services backed by extensive experience and an in-depth understanding of the health industry. To get more information, call us toll free at 1-800-603-3311 or get in touch by visiting our Contact Page and filling out the form.
