Q: What type of physician do you provide medical malpractice for?
Q: What is more important – being an admitted insurance carrier or being rated by A.M. Best?
Q: Can I come directly to MIS to get a policy?
Q: How is my premium determined?
Q: Are there any payment programs available?
Q: What type of medical malpractice insurance does MIS offer through their carriers?
Q: What does the policy cover?
Q: Do you offer discounts for physicians with favorable claim histories?
Q: Will I be able to pay a reduced premium if I am new to practice, practice part-time or take leave for military service, family reasons, disability, or a sabbatical?
Q: What is tail coverage or a tail policy?
Q: Do any of the MIS insurance carriers provide free tail coverage?
Q: Do any of the MIS insurance carriers provide prior acts coverage?
Q: Are any of your carriers rated by AM Best?
Q: What type of physician do you provide medical malpractice for?
A: At MIS, we believe that the majority of all medical malpractice claims come from 20% of the doctors. Our underwriting process is able to identify the doctors that are most likely to fall within the 80% of doctors that we would like to write (or said another way, the 20% of doctors that we don’t want to write). This unique underwriting process is geared toward individual physicians and groups of 5 physicians or less.
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Q: What is more important – being an admitted insurance carrier or being rated by A.M. Best?
A: We feel that it is more important for an insurance carrier to be admitted in the State that they are writing insurance in. When an insurance company is an admitted carrier, there can be added protection afforded by the State that would assist the policyholder in case something happened to their insurance carrier. Both Valiant Insurance Company and Physicians Insurance Company are admitted carriers in the States that they offer coverage in.
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Q: Can I come directly to MIS to get a policy?
A: MIS works with independent agents throughout the United States who are licensed and who specialize in medical professional liability insurance. Click on the State map on our home page to find an agent that can assist you.
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Q: How is my premium determined?
A: Medical liability insurance premiums are determined by your specialty, territory (geographic location), policy limits, and claims made year (maturity factor).
Q: Are there any payment programs available?
A: Yes, both Valiant Insurance Company and Physicians Insurance Company offer flexible EFT payment programs, as well as the ability to use a credit card.
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Q: What type of medical malpractice insurance does MIS offer through their carriers?
A. Both Physicians Insurance Company and Valiant Insurance Company offer claims-made medical professional liability insurance to individual physicians.
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Q: What does the policy cover?
A: Both Valiant Insurance Company and Physicians Insurance Company have the same type of claims made policies. The Professional Liability section of the policy provides coverage for injury or damage arising from:
professional liability claims for medical injury which are brought against you by a patient in your practice as a physician or surgeon
The Investigation Defense section of our policy provides you with a $25,000 sublimit to defend actions and reviews by medical licensing boards, credentialing agencies, professional review organizations, Medicare and Medicaid.
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Q: Do you offer discounts for physicians with favorable claim histories?
A: Yes, both Valiant Insurance Company and Physicians Insurance Company offer discounts to physicians based on the number of years they have been claims free.
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Q: Will I be able to pay a reduced premium if I am new to practice, practice part-time or take leave for military service, family reasons, disability, or a sabbatical?
A: Yes, both Valiant Insurance Company and Physicians Insurance Company discounts (reduced premium) for each of the situations described above.
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Q: What is tail coverage or a tail policy?
A. A tail insurance policy is additional insurance coverage that covers any claims made after a claims-made policy expires or is cancelled. Since most healthcare providers carry claims made insurance policies, tail insurance provides important protection against claims that could be made months or even years after care was provided to a patient.
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Q: Do any of the MIS insurance carriers provide free tail coverage?
A. Yes, both Valiant Insurance Company and Physicians Insurance Company provide free tail coverage to retiring physicians/policyholders who are at least 60 year old or older and who have been a policyholder for at least five consecutive years. Tail coverage is also free for physicians/policyholders with an active policy who become disabled or deceased.
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Q: Do any of the MIS insurance carriers provide prior acts coverage?
A. Yes, both Valiant Insurance Company and Physicians Insurance Company will offer prior acts coverage. This coverage is available to physician/policyholders who meet MIS’s underwriting criteria to purchase this coverage.
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Q: Are any of your carriers rated by AM Best?
A. Yes, Valiant Insurance company is rated "A-" by AM Best
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