As the owner or manager of a medical professional entity, your practice may be named in malpractice lawsuits involving your partners or employees. Even if you were not involved or aware of the incident, you may be held liable and financially responsible for allegations of malpractice against them. Your individual medical professional liability insurance normally would not provide the protection needed in these situations, possibly creating a gap in coverage.
With this in mind, HIC provides a separate professional entity policy that will close this gap in coverage that may occur as a result of not having adequate protection. The additional professional entity Limits of Liability not only serves to provide needed coverage in the event of a lawsuit but will also protect your practice for an occurrence that took place during the policy period, no matter when a lawsuit is brought.
We offer three aggregate options on an occurrence form to ensure that you’re entity will have sufficient protection.
$1,000,000 each Medical Incident and $3,000,000 Annual Aggregate
$1,000,000 each Medical Incident and $4,000,000 Annual Aggregate
$1,000,000 each Medical Incident and $5,000,000 Annual Aggregate