If you are a physician doing clinical research; participating in trials, or signing to run a trial, start a company or research organization; know that The Doctors’ Insurance Agency specializes in this insurance from Maine to the tip of San Diego.
The Doctors’ Insurance Agency insures over 3,000 health care organizations; These organizations specialize in conventional medical practice, to telemedical consultations in real time….to store and forward dermatological medicine to endo, pulm and pathology labs and centers.
This is a fast moving time in medicine, the pace of technology is moving faster than the rate of physician’s practice changes. Part of the pace is due to information, available online information.
In another ‘blog’ entry we have discussed the importance of protecting your patient’s information. The legal obligation and responsibility of protecting the patient’s electronic health record through protocol, processes and patient safety methodologies, rehearsed, repeated, reviewed in your office.
The Doctors’ Insurance Agency works tirelessly to bind coverage at fair prices in just these fields. We work with Research companies, and physician medical directors to provide professional liability insurance no matter what their involvement in the Clinical Trial process.
You could develop a full service Clinical Trial Management Organization; our Professional Liability Policy is designed to cover the risk of being named due to patient harm, negligence or allegations of such when you are in the business of conducting clinical research.
Sponsors of the Research or the Investigators will be reassured knowing that your organization and physicians are covered for the work that they do.
Professional Liability for Clinical Trial Organizations should be separate from the individual physician liability medical malpractice Insurance companies can cover some of the work performed by physician Investigators, but not the work of the Organization itself. When the purpose of the Research organization is to contract with pharmaceutical companies to conduct good clean clinical trials, the insurance policy must respond, protecting directors, officers owners and the Investigators.
There are highly trained medical professionals trained per all Good Clinical Practice and FDA guidelines; and the Entities with which your organization does business needs to see proper proof of insurance.
The Doctors Insurance Agency has been endorsing and assisting in obtaining Clinical Trial Liability Insurance for 20 years.
We are unique in that we are able to provide insurance to the clinical trial organization and the physicians in all specialties ; you can do trials in all indications. Whether you contract out or are staffed with an in house – our professional liability policies are designed to protect the trials and the Principal Investigator. Our Professional Clinical Trial Liability Insurance Policies include in house certified phlebotomist in the office for lab work required per the sponsor protocol as well as a the ability to insure local labs near the research centers.
The Doctors’ Insurance Agency can help you manage your financial and clinical risk as you grow and develop your trial organization.