Success Stories

Case Studies

New Coverage Structure Aids in Physician Recruitment

The Situation

A large rural hospital chain was experiencing difficulty in recruiting and keeping physicians and consistently increasing medical malpractice insurance premiums made employment contracts an extraordinary expense. Each physician was carrying his/her own policy with separate carriers and expiration dates and were reducing limits and excluding certain practices to keep their costs down. In some cases, the physicians' policies would lapse without any notification to the hospital, thus leaving the facility exposed to malpractice litigation.

The INSURICA Solution

INSURICA secured a carrier to underwrite a "master malpractice policy" that would insure all employed or contract physicians, as well as medical professional staffing. New hires would be automatically insured and share a very high limit of liability. Under the new policy, insurance costs are evenly allocated over all locations and the premiums were reduced by nearly half.

The INSURICA Experience

INSURICA Healthcare represents every major provider of medical malpractice in the nation. Any specialty practice can be adequately insured with this unlimited access to the market. Primary and Excess limits are available for both privately owned facilities and non-profit community-owned hospitals.