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: Telemedicine and Medical Malpractice Insurance

    Google

    -- Hayley Laffer

  2. Re: Clinical Research Liability

    I am starting a Clinical Research site in Philadelphia and am interested in learning more about a policy...

    -- Takoda Roland

  3. Re: When you might need another one or two medical malpractice insurance policies.

    My colleagues were searching for NC SF 521 several days ago and learned about an online platform that...

    -- pauletta walker

  4. Re: Clinical Research Liability

    Hello. I am establishing a new human clinical trial site in New York State and would like a quote for...

    -- Lisa

  5. Re: Who Can Perform Liposuction Surgery?

    It is meaningful information. Thank for your posting. I hope to see more than that. http://www.liposuctionguru...

    -- liposuction surgery

  6. Re: Did you know: That There is a Medical Expert Witness Directory?

    Infections of a new strain (genotype) of CMV, EBV that caused skin burning pain on lower body, buttocks...

    -- Rocky

  7. Re: Medical Director responsible for more than intended by the office work.

    My business partners were requiring a form several days ago and saw a great service that has a ton of...

    -- Dee

  8. Re: Employment practices liability insurance explained:

    Hi TATYANA ILES. my work colleague filled in a sample MA DoR 1 form at this place

    -- Jennefer Haak

  9. Re: Employment practices liability insurance explained:

    Helpful commentary . I learned a lot from the facts . Does anyone know if my company could possibly acquire...

    -- TATYANA ILES

  10. Re: Employment practices liability insurance explained:

    Helpful commentary . I learned a lot from the facts . Does anyone know if my company could possibly acquire...

    -- TATYANA ILES