Medical Liability Insurance


Medical professional liability insurance for allied health care professionals including nurses, CRNAs, physician assistants, paramedics, pharmacists, podiatrists, chiropractors, technicians, therapists, and surgical assistants.


Claims made policy


A claims made policy is designed to protect you during the active policy period, usually one year. If you do not renew your claims made policy when it expires, you no longer have coverage for any claims that may arise in the future that are alleged to have occurred during the time your policy was in force.

If you wish to continue coverage under a claims made policy, you must purchase supplemental coverage such as tail coverage or prior acts coverage. If neither tail coverage nor prior acts coverage are purchased when a claims made policy expires, any future claims that might arise from services performed during the policy period will not be covered.


AVAILABLE LIMITS

Claims made policies are available with the following limits.

    Each claim / All claims

  • $100,000 / $300,000
  • $200,000 / $600,000
  • $300,000 / $900,000
  • $500,000 / $1.5 million
  • $1 million / $3 million

Occurrence policy


An occurrence policy provides ongoing insurance protection for events that occur during the policy period, even if they are reported after the policy is cancelled.

Occurrence policies are generally more expensive, but it is not necessary to buy supplemental coverage like tail or prior acts coverage after an occurrence policy expires.


AVAILABLE LIMITS

Occurrence policies are available with the following limits.

    Each claim / All claims

  • $100,000 / $300,000
  • $200,000 / $600,000

Medefense


Because the threat of a disciplinary action is all too real, TMIC policies include Medefense coverage. Medefense covers legal expenses, fines, and penalties associated with disciplinary actions, such as actions by a state medical board, a hospital review committee, or a federal regulatory agency.

Medefense is available for the following health care professionals: physician assistants, CRNAs/nurse anesthetists, nurse midwives, nurse practitioners, paramedics/EMTs, podiatrists, dentists, chiropractors, or pharmacists.


AVAILABLE LIMITS

Legal expenses: $25,000
Deductible: $1,000 per claim

Policyholders have free choice of counsel. However, we will waive the deductible and pay legal expenses directly if the policyholder hires an attorney from a panel provided by TMIC.

The covered disciplinary proceedings include:
  • actions by a state medical licensing authority;
  • a professional review action regarding clinical privileges;
  • a proceeding instituted by a state department of insurance, state workers’ compensation commission, state department of health and human services, the U.S. Department of Health and Human Services, or Centers for Medicare and Medicaid Services alleging medical services were performed in violation of guidelines;
  • Medicare billing audits conducted by Recovery Audit Contractors (RAC) or other private contractors as well as allegations of non-compli­ance with Medicare/Medicaid regulations or procedures; and
  • proceedings alleging violations of EMTALA, HIPAA, and Stark law.


Cyber Insurance Products



Medical practices and other entities, such as health information exchanges, IT firms, and law firms that routinely handle confidential information are increasingly exposed to data breaches. Cyber attacks can result in significant financial loss from unauthorized disclosures of sensitive information.

TMIC has developed a standalone cyber liability and technology services liability insurance program to address the financial and reputational consequences of data security breaches.

TMIC’s products include the TechGuard Policy and the NetGuard Plus Policy, which covers wrongful acts committed by employees and outsiders; privacy claims from third parties; cyber extortion and cyber terrorism; hacking and virus attacks; and regulatory fines and penalties.

Coverage is also included for IT forensics to determine the cause of the data breach, as well as for breach response services such as:

  • attorneys’ fees;
  • IT security and forensic experts;
  • public relations and advertising support;
  • breach notification to customers and partners;
  • call center and website support; and
  • credit monitoring and identity theft restoration services.

For an additional fee, TMIC’s TechGuard Policy covers financial loss to others caused by errors and omissions from your technology or telecommunication services, including legal defense, claim settlements, and an unintentional breach of contract costs.

Consider TMIC’s cyber coverage if you are concerned about the effects of a data breach or if you need customized coverage with high limits (up to $5 million or more). There are no policy fees or surplus lines tax or fee, and quarterly payment terms are available without finance charges or installment fees.

For more information, contact John Southrey at 800-580-8658 ext 5976 or by email.



Risk Management



Continuing Medical Education


Through TMLT's Risk Management Department, TMIC policyholders can take CME courses to help reduce medical liability risk. Our continuing education resources include home-study programs, online courses, and seminars.

Visit our CME site for courses published in our newsletter the Reporter. You can also earn credit by reading one of our Case Closed books, which feature claim studies from malpractice claims. Video courses are also available.


Practice review


TMLT’s Risk Management Department conducts on-site practice reviews to help determine risk exposures in your practice, at no cost to TMIC policyholders. Reviews can be conducted without disrupting patient appointments or normal business operations.

During a scheduled practice review, a TMLT risk management professional visits your practice to:

  • tour and assess the practice for patient safety concerns;
  • review medical records for strengths and weaknesses;
  • review policies and procedures;
  • meet with physicians and health care providers to discuss findings; and
  • prepare a recommendation report.

To request a practice review or find out about risk management resources available at no cost to our policyholders, please call 800-580-8658.