EPLI and Management Liability

These risks may not involve patient care, but the future of your practice is exposed if allegations are made.

It is critical that your people and their individual roles are adequately insured to protect your business when allegations occur.

Management liability insurances may cover a wide range of exposures that you may not have considered. These are critical exposures within a healthcare-related organization. Though they don’t always involve direct contact with patients, they are no less serious to your financial security.

  • Directors & Officers Insurance – protects managers of the corporation against personal liability to investors, employees, vendors, participating physicians and other provider organizations. The key D & O exposure areas include anti-competitive acts, shareholder liability, and mismanagement.
  • Employment Practices Liability Insurance – protects against allegations of employment discrimination, such as acts based on gender, race, minority status, age or handicap, as well as wrongful termination. EPLI coverage provides payments for defense costs, litigation and settlements, and may be designed to cover allegations from first and third parties.
  • Fiduciary Liability Insurance – addresses the duties imposed on administrators and trustees of employee benefit plans to make correct decisions in plan investment options and administration.
  • ERISA Bonds – protects employee welfare and profit-sharing plans against theft of funds. The bonds are required by federal law on all qualified pension, welfare arrangements or retirement funds.
  • Crime Insurance – protects the practice against certain types of theft and fraud and other related losses that threaten the practice’s financial resources.
  • Billing Errors & Omissions Insurance– responds to a variety of claims, including but not limited to alleging errors regarding duplicate billing, billing for services not rendered, or for unnecessary services, upcoming, and billing for services that do not meet the standard of care.

MITIGATE RISK BY
BEING PREPARED

Is it time to examine your current policy? What you don't know — can hurt you.

The simplest way to mitigate risk is to be prepared, and the team at Physicians Insurance welcomes the opportunity to assist you in your preparedness. We are confident that our experience and industry acumen will generate a customized, competitively priced insurance program designed to address your unique needs in the most cost-conscious manner possible. Complete the form, and we will be in touch shortly.

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    DISCLAIMER: Our online inquiry forms are to provide current and prospective clients an indication of premium only. Insurance coverage cannot be bound or changed via submission of this online form/inquiry provided on this site or otherwise, email, voice mail or facsimile. No binder, insurance policy change, addition, and/or deletion to insurance coverage will go into effect unless and until confirmed directly by a licensed agent.

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    A useful tool to have on hand, umbrellas come in handy when that rainy day occurs.

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