MDAdvantage Launches Protection for Business Side of Medicine

To help New Jersey physicians protect against the rising number of business risks beyond the practice of medicine, MDAdvantage has introduced Supreme Advantage insurance for employment practices liability, privacy and data security and medical practice administration. All three coverages will be provided to MDAdvantage’s existing clients for no additional cost.

“Doctors today face unprecedented economic challenges, and need to protect not only how they practice medicine but how they operate their businesses,” said Patricia Costante, chief executive officer of the Lawrenceville, N.J.-based MDAdvantage. “Supreme Advantage was developed to help physicians in all specialties — ranging from solo practitioners to those in large groups — afford the increasingly high cost of practicing medicine in New Jersey.”

Coverage highlights:

• Employment Practice Liability Insurance (EPLI): wrongful termination, employment discrimination, sexual harassment, invasion of privacy, and other activities
• Privacy and Data Security Insurance (PDS): network security and privacy violations involving HIPAA, data breaches and patient notification, data recovery and other activities
• Medical Practice Administration Insurance (MPAI): Medicaid audits, other types of audits and the resulting fines and penalties

Physicians whose medical professional liability insurance is through MDAdvantage will receive a complimentary level of all three coverages at no extra cost and will also have the option to purchase additional limits. Doctors not insured with MDAdvantage can purchase either all three coverages, a combination of PDSI and MPAI, or just EPLI.

As part of its service, MDAdvantage offers its physician insureds a secure Web account with access to risk management information and educational materials relating to each coverage option.

Source: MDAdvantage

Topics Cyber New Markets