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Member Benefit: Malpractice Insurance
Liability insurance is a fact of life for surgeons. The Society for Vascular Surgery is proud to now offer access to top-notch healthcare liability insurance for members and their practices and institutions.
MedPro Group, a Berkshire Hathaway company, calls itself the “oldest, largest and strongest” healthcare liability insurance company. It offers coverage in all 50 states, as well as customized insurance, claims and risk-management solutions. And while medical malpractice typically covers situations with direct patient care, MedPro now has a separate product for those positions such as a medical director, who oversees surgeons who provide the direct care.
“Anywhere in the United States where a physician would practice, we have a solution,” said Erik Summers, MedPro vice president in the Midwest Division. “Our expertise in risk management, claims and underwriting gives you peace of mind, allowing you to focus on providing superior patient care.”
SVS members receive competitive pricing, including advancement of an available 5 percent risk management credit.
Company claims managers have an average of 25 years of healthcare liability experience. Between 2004 and 2015, 75 percent of its surgery claims were closed without payment and the surgery trial win rate was 92 percent, Summers said.
MedPro’s coverage also provides:
• The industry’s widest array of coverage options
• Pure consent to settle. No cases are settled without the surgeon’s consent, except in those states where this consent is not legally permitted.
• Free tail coverage for surgeons at retirement after just one year of being insured. This provides coverage for cases for which liability is still possible after a surgeon has retired.
• Free cyber liability coverage, with $50,000 in coverage included, and more extensive options available.
The “pure consent” coverage – MedPro will not settle a claim without the physician’s consent – sets MedPro apart from other carriers. MedPro offers this coverage nationwide, except where prohibited by state law. “We promise to defend your assets and your professional reputation, which are at stake,” said Summers. “A MedPro physician has no need to worry. You can refuse to settle. Period.”
Another big plus is MedPro’s top-notch trial teams, including attorneys, experts and strategists. “Our team knows medical malpractice claims. We most likely have seen a particular situation before, in a dozen other states. We bring the right experts to provide you the best defense possible.
“It sets us apart.”