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Time to Renew Malpractice Insurance? Consider MedPro
It’s nearly time for many SVS members to renew their liability insurance. This year, members have access to a top-notch plan for 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 also has a separate product for individuals such as medical directors who oversee the surgeons who provide the direct care.
And this year, SVS members can purchase this insurance via the SVS Affinity Program.
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, said Erik Summers, MedPro vice president in the Midwest Division.
MedPro offers the industry’s widest array of coverage options, plus:
- 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.
The "pure consent" coverage sets MedPro apart from other carriers, 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, he said.
Purchasing a product through the expanded SVS affinity program benefits not only you and your practice, but also SVS itself.