Meadowbrook Insurance Group has launched a medical malpractice liability insurance product for preferred physicians in Ohio.
Meadowbrook President and CEO Robert S. Cubbin said that the company has been successful in this line in Michigan and is now expanding it to Ohio.
Insurance policies will be issued by Meadowbrook’s subsidiary insurance carrier, Savers Property & Casualty Insurance Company, Inc., which is rated “B++” (very good) by A.M. Best Company. Savers specializes in writing insurance programs for professional and trade groups and provides all lines of property and casualty insurance.
Coverage is provided on a claims-made policy form with retroactive coverage available. The maximum policy will be $1,000,000 / $3,000,000 per physician, with a separate corporate limit available. The policy contains a consent to settle clause for the insured physician. Other policy highlights include: claims-free credits, new-to-practice credits, locum tenens, and part- time credits.
This insurance product is available to preferred physicians in Ohio through MRMS Risk Purchasing Group, a part of Medical Risk Management Services, Inc. Founded in 2000, the Purchasing Group provides its members with access to an excess and surplus lines insurance product, as outlined in the Risk Retention Act of 1986.
The coverage is offered exclusively through Associated Insurance Consultants, Inc. of Dayton, OH – (937) 293-6000, and Seibert-Keck Insurance Agency of Akron, OH – (330) 867-3140.
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