Directors and Officers Insurance

Errors and Omissions

Errors & Omissions coverage is provided to qualifying Managed Care Organizations.   As with Directors & Officers coverage, we work with the leading A or A+ rated carriers for Healthcare Liability Insurance.

The primary risk exposures covered under the E & O policies are as follows:

• Vicarious Liability to the IPA, HMO or other Managed Care Organization
• Utilization Review for Denial of Care and Delay of Referral
• Peer Review for Negligent Credentialing, De-Credentialing and Economic Credentialing

Staying ahead of evolving legislation, litigation and claim trends in the continually evolving health care environment can be a formidable challenge.   Large medical groups are now asked to perform “utilization review” for HMO's and other Managed Care Organizations.   We help you understand what added exposures will accrue to the medical group with these many contracts and new responsibilities.

The Doctors Insurance Agency will coordinate site visits or phone consultations with our managed care legal expert,   Jayme Taormina, J.D.   Our goal is to avoid any unnecessary managed care liability exposure and we try hard to protect our policyholders from some of the pitfalls of managed care products.

Life Insurance

For generations, life insurance has proven to be one of the most cost effective ways to safeguard a family’s dreams. You can never be replaced but, with life insurance, your family could probably handle the financial pressure that comes with the loss of income due to premature death. The proceeds of life insurance can be used to help preserve your family’s standard of living, cover outstanding debt, and keep their dreams alive. We also offer a variety of business insurance products including key person life insurance and life insurance to fund buy-sell agreements. Whatever your need we have a product and a premium that is right for you.

Workers’ Compensation

As a California State requisite businesses are required to buy workers compensation insurance. Our Workers’ Compensation specialists at The Doctors Insurance Agency are available to help protect employers from lawsuits resulting from workplace accidents. This coverage provides medical care and compensation for lost income to employees hurt in the workplace, without regard to who was at fault in the accident, for time lost from work and for medical and rehabilitation services. Also gives protection for work-related illnesses, auto accidents while on business, or death benefits to surviving spouses and dependents.

Premises & General Liability / BOP

Commonly required by landlords and financial institutions, the Premises & General Liability also known as Business Owners Policy (BOP) is a package of insurance coverage’s combined in a single policy that meets the insurance needs of many small business owners. The BOP policy will protect you for the following:

Property coverage
Buildings - the cost to repair or replace your building Business Personal Property - the contents of your buildings including: furniture, fixtures, machinery, equipment, inventory, and tenant improvements Property off premises - a limited amount of coverage for business property that is not on the insured premise (or property that is usually at the business location, but isn’t in this particular case) Glass and signs Business interruption coverage

General Liability coverage
This is a package of coverage’s, which protects you and your business from lawsuits arising from:

• Accidents causing bodily injury to other people (most frequently a customer slips and falls in your office)

• Accidents causing property damage to other people’s property (you sell a toaster to a customer which malfunctions and causes fire damage to their home)

• Personal injury such as invasion of privacy, wrongful eviction, libel, slander, or false arrest or advertising injury such as copyright infringement or false advertising.

• Commercial General Liability insurance which pays for the cost of legal defense including providing an attorney, paying court costs, and any settlements or judgments against the business.

Vehicle coverage
Also included is the non-owned and hired auto liability coverage for vehicles your employees use or that you rent or borrow, particularly if your business does not own a vehicle. Commercial auto insurance can cover these risks, including providing you an attorney, covering court costs, and payment to injured persons.

Disability

Your ability to earn an income is more than just a paycheck; it is your most valuable asset. In enables you to purchase and enjoy those things which define your lifestyle. Consider how you would maintain your lifestyle if you became sick or injured and unable to work. Most physicians are aware of the need for this type of coverage, but if you haven’t yet purchased an individual disability insurance policy or if you have an older policy that may not reflect your current income – call us for a quote today. We tailor our products to meet your needs.

Long Term Care Insurance

While we all hope to live a long and healthy life, people do get sick, suffer injury – or sometimes – simply reach a point where they have difficulty getting around the way they used to. According to the statistics, 50% of people over the age of 65 may need long-term care at some point in their lives. It used to be that people could rely on family members to take care of them if they needed long-term care. But as families disperse that may not be a viable option. With the cost of long-term care rising faster than the pace of inflation it is vital to plan ahead. Growing older can have many pleasures – however a long-term care illness can affect your ability to enjoy life fully. Call us for a quote today

Untangling Interwoven Liabilities

Medical Groups, by their very nature, intertwine two critical but seemingly incompatible functions: providing medical care and maintaining economic feasibility.   This dual function, coupled with the ever-evolving health care system, creates a host of new liabilities for all medical groups.   To achieve this two-tiered objective, these organizations are a unique combination of medical professional services and corporate management.   Mirroring this entangled structure and function, medical groups face a unique weave of Directors & Officers and Errors & Omissions liability exposures.

The Doctors Insurance Agency will coordinate site visits or phone consultations with our managed care legal expert,   Jayme Taormina, J.D.   Our goal is to avoid any unnecessary managed care liability exposure and we try hard to protect our policyholders from some of the pitfalls of managed care products.

Risk Management

Our Risk Management Program is accredited by the Accreditation Council for Continuing Medical Education.   Guided by Joan Bristow at The Doctors Company's headquarters, we can arrange for regular site visits by our Risk Management Team.   A Risk Management specialist can be assigned to your new group.

The way to prevent the double digit premium increases that were rampant in the early to mid-1970s is to commit the company to the study and management of claims while concurrently working on legislation and political action that safeguards the physician's interests and assists in stabilizing skyrocketing malpractice premiums.

The core of Risk Management education is establishing a shared understanding of how claims are caused and prevented.   Our excellent Risk Management Team, including field managers in all U.S. time zones, presents specialty and regionally specific services to our policyholders.   Teaming with the Claims and Underwriting staffs, Risk Management investigates the hows and whys of actual claims, then translates findings into practical, preventative guidelines.

Physician Advocacy Communication/Education

The Doctors Company is committed to strong partnerships with policyholders by stressing communication as a means of building mutual understanding and confidence.   The better we understand your needs and the more you know about our services, the less vulnerable you ultimately will be to experiencing claims.

Sharing knowledge and information is The Doctors Company's commitment to ongoing education for policyholders.   This is reflected in the quality of our loss prevention materials and presentations.   One component of our educational focus is identifying new claims exposures and alerting policyholders.   A current example is TDC's education pertaining to liability risks associated with managed care, specifically with health maintenance, preferred provider, and exclusive provider organizations.

In over 20 years of committing ourselves we have developed highly skilled and experienced Claims and Risk Management Departments.   We are proud that we are a competitively priced solution that supports each policyholder with intelligent, experienced and committed insurance and medical professionals.