Can I Work for a Telemed Company?

Our agency has been finding Telemedicine Medical Professional Liability Insurance Solutions since 2002 (when a couple of innovative thinkers in the Silicon Valley in California (who happened to be Radiologists) decided that there was a business opportunity in providing Radiology services between Midnight and Eight in the morning.
 
We needed to endorse and expand their medical professional liability policy so that it was manageable (easy to add and inclusive of tail when their physicians cancelled).  The policy covering Telemedicine organizations, insuring them against medical malpractice claims had to be flexible and affordable.
 
We work with a number of companies Kinsale, Beazely, Admiral, Evanston, Pro Assurance, The Doctors’ Company, MedPro, Hiscox…All rated A-  and Financial Class XI and higher. (750 M in assets or higher)

Our Telemedicine Medical Professional Liability policies are rated by counting revenue and consultations.  The roster ‘endorsement  of coverage is flexible;
( you can exclude physicians who can  add the work they are doing for your organization to their own private policies)or like many of our organizations you gradually build a roster of providers.
 
The premium is developed by counting  consultations and revenue not physicians.  (which means the premiums for telemedicine organizations are affordable)
The policies generally have one limit to protect the entity and in another limit (shared by the physicians ) with 1 million per claim  available (this is an affordable method of rating)

You can also structure it so that each provider on your roster has their own separate limit of insurance.  Shared policy limits are affordable and they still offer one limit per claim!...which makes them favored in the industry niches of urgent care, emergency, endoscopy centers and telemedicine organization medical professional liability insurance.

Arguably, the  most important feature,  is that the doctors can come and go on and off of the policy without triggering the prohibitively expensive tail insurance.
 
Tail coverage is provided as long as the policy is in force. (there is a separate tail offering ultimately when the entire policy cancels.

Comments

Got something to say? Join the discussion ยป

Leave a Reply

 [Quick Submit with Ctrl+Enter]

Remember my details
Notify me of followup comments via e-mail

  1. Re: Visiting Residents/Intern/ Fellow (Hands On) Medical Malpractice Insurance

    I am a final year medical student planning to do a couple of electives in medical school in the US and...

    -- Varun

  2. Re: Occurrence Professional Liability Insurance vs. Claims Made Liability Insurance

    nike air max 97 true religion jeans ferragamo Salomon Speedcross 3 jordan 11 balenciaga women fitflop...

    -- xuehui51

  3. Re: Is the Medical Director Contract worth it if the Cost of Malpractice Insurance is too High?

    chrome hearts bracelet air max 97 kate spade wallet ugg uggs for women nike air max 90 under armour ugg...

    -- jingting17

  4. Re: The Growth and Success of Entrepreneurial Medicine- Urgent Care Centers

    balenciaga ed hardy red bottom shoes fitflop sandals fitflop shoes salomon xa pro 3d air jordan cartier...

    -- jingting17

  5. Re: National Liability Insurance for Medical Directors

    pandora jordan 11 kd 9 nike air max 2018 stephen curry shoes moncler,moncler jacket nike shoes fitflop...

    -- xiuying23

  6. Re: Imaging Center Liability Insurance

    salvatore ferragamo shoes under armour jackets yeezy boost 350 hermes belt women Yeezy Shoes adidas nmd...

    -- yaling45

  7. Re: Larger, multi state Medical Malpractice Insurance Carriers have advantage

    pandora rings true religion sale moncler kd shoes kevin durant shoes supreme clothing air max 90 kyrie...

    -- xiuying23

  8. Re: Medical Malpractice Claims Trends

    yeezy lacoste outlet air max 270 air jordan polo fenty puma shoes nmd ray ban sunglasses chrome hearts...

    -- jingting17

  9. Re: Who Can Perform Liposuction Surgery?

    kyrie irving shoes under armour jackets polo ralph lauren outlet longchamp backpack asics goyard tote...

    -- jingting17

  10. Re: Does a Cosmetic Nurse Esthetician Need Their Own Professional Liability Insurance Policy?

    puma fenty moncler jacket womens fitflop coach wallet yeezy boost 350 ray ban prescription sunglasses...

    -- qiuling79