ISMIE has provided its benchmark Physician Professional Liability Insurance for more than 30 years. It provides thorough, solid protection in the event of a medical malpractice claim or suit. In addition, our Physician Professional Liability coverage can be expanded to care for the rest of your practice, regardless of your practice style.
Our Professional Liability Insurance Coverage is available to qualified physicians licensed to practice medicine. Our policies are written for individuals, corporations/partnerships, physician groups or other legal entities.
In addition, ISMIE offers “loss-free” discounts, ranging from 3 percent to 19.5 percent, to individual physicians and premium credits to physician groups with good loss ratios.
Partnership/Corporation Professional Liability
In today’s environment, many physicians organize their practice as a group, i.e., corporation, partnership or other legal entity. A separate policy is required if insurance protection against claims is desired for the entity.
This type of coverage is offered through ISMIE’s Partnership/Corporation Professional Liability Insurance. Groups of two or more may qualify for substantial discounts with the Clinic Option.
If you are the sole shareholder of your own medical corporation, coverage for the corporate entity is automatically included under your individual professional liability policy. You and your corporation share the policy limits of liability. There is no additional premium charge for the corporation protection. You may, however, purchase a separate corporation policy if you wish to carry separate limits of liability.
Clinic Option Professional Liability
An alternative for corporations, partnerships or other legal entities is ISMIE’s Clinic Option Professional Liability Insurance. This coverage provides our classic physician professional liability protection while offering significant cost-saving opportunities to groups of two or more physicians. The Clinic Option covers each physician as an additional named insured on a single policy form, eliminating the need for multiple bills and statements.
If you qualify for the Clinic Option, depending on its size and historical loss experience, the premium savings may be as much as 40 percent. This is in addition to the individual physician loss-free credits. Also, a risk manager is available to assist Clinic Option accounts to identify every potential opportunity to reduce risk and save money.