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MedTech’s Professional Liability Program

MedTech For Solutions, Inc

MedTech’s Professional Liability Program

For The ART Industry

Do You Have The Proper Coverage?

Are You Paying Too Much?

Let MedTech Help

   

Dear MedTech GPO Members

Many of you may be wondering about language that is now becoming standard for contracts with your insurance carriers.  It usually goes something like this:

 

“The IVF lab shall have obtained an insurance policy providing primary liability coverage to the IVF lab, its owners, employees, and independent contractors, for claims arising out of any alleged acts or omissions in the provision of services by the IVF lab, its owners, employees and independent contractors.  Such policy shall provide primary coverage to the IVF lab, its owners, employees and independent contractors, and have minimum limits of $1 million per occurrence and $3 million yearly aggregate.”

 

It sounds pretty confusing but what does it mean? It refers to Entity Coverage which has become an essential component of the insurance program which protects your practice, employees, IVF lab and covers independent contractors. Do you have this necessary coverage? Is your level of coverage adequate?

 

If there is any question you should contact our associates at the Sallop Insurance Company. Sallop has created an innovative and unique Professional Liability Program which no longer pools you with higher risk OB/GYN practices and includes broader malpractice coverage than standard policies as well as this vitally important Entity Coverage. GPO members who have already taken advantage of Sallop’s services have seen savings compared to their prior coverage of up to 35%.

 

Here is a sample of the savings some of our member’s are already experiencing : 

Practice

# of Physicians

Savings

Savings %

 

1

3

$ 27,000

35%

 

2

1

$ 12,200

33%

 

3

1

$   8,300

27%

 

4

4

$ 22,600

21%

 

5

2

$ 12,600

20%

 

6

4

$ 29,400

17%

 

7

1

$   1,400

6%

 

If you are interested in having Sallop review your insurance program to determine whether you have the coverage you need to protect your practice, or if just want to see how much you may be able to save, please reach out to Gina Matarazzo, Vice President of Sallop Insurance at 617-488-6612 or email her at gmatarazzo@sallop.com . Gina will be glad to answer your questions and schedule a no cost review of your current insurance program. 

 

Best Wishes

Dwight P. Ryan 

President & CEO
MedTech For Solutions, Inc

Phone: (866) 634-9144 ext 101
Email: dryan@medtech4solutions.com

www.medtech4solutions.com